Jet.AI Inc. (JTAI): Nasdaq/NYSE listing notice — Oxbridge Acquisition receives Nasdaq deficiency notice for failing $35M market value rule

Jet.AI Inc.

Nasdaq notice on June 14, 2023, for non-compliance with Listing Rule 5550(b)(2) requiring $35M minimum MVLS.
Company has 180 calendar days, until December 11, 2023, to regain compliance.
If MVLS closes at $35M+ for 10 consecutive business days, Nasdaq will confirm compliance.
Notice is a deficiency notification; no immediate effect on listing or trading of securities.
Company intends to take action to regain compliance during the prescribed period.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Jet.AI Inc. received a nasdaq deficiency notice notice regarding market value (rules 5550(b)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5550(b)(2)

Exact text from the filing

June 14, 2023, Oxbridge Acquisition Corp. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) stating that the Company was not in compliance with Listing Rule 5550(b)(2) (the “Minimum Market Value of Listed Securities” or “MVLS”), which requires the Company to have at least $35 million market value of listed securities for continued listing on the NASDAQ Capital Market. The Notice similarly indicates that the Company, pursuant to the Listing Rules, has a compliance period of 180 calendar days in which it can

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Jet.AI Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-021646

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