Starfighters Space issues 11.7 million shares via warrant exercise

Starfighters Space Inc. (NYSE: FJET) issued 11,676,166 shares of common stock on December 26, 2025, through the cashless exercise of 11,915,000 common stock purchase warrants at an exercise price of $0.33 per share.

The cashless exercise resulted in the company withholding and cancelling 238,834 warrant shares with an aggregate value of $3,932,306.28, based on a five trading day volume weighted average price of $16.4646 per warrant share, to cover the aggregate exercise price of the warrants.

The company relied upon the exemption from registration requirements of the Securities Act of 1933 provided by Section 3(a)(9) of the Securities Act for the warrant share issuance, according to the company's statement.

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