---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-021646"
form_type: "8-K"
ticker: "JTAI"
cik: "0001861622"
company_name: "Jet.AI Inc."
filed_at: "2023-06-16T23:59:59+00:00"
generated_at: "2026-06-13T23:15:45.647975+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Oxbridge Acquisition receives Nasdaq deficiency notice for failing $35M market value rule

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-021646
- form_type: 8-K
- ticker: JTAI
- cik: 0001861622
- company_name: Jet.AI Inc.
- filed_at: 2023-06-16T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1861622/000149315223021646/0001493152-23-021646-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1861622/000149315223021646/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-021646
- JSON: https://secwatch.observer/filing/0001493152-23-021646.json
- Plain text: https://secwatch.observer/filing/0001493152-23-021646.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1861622/000149315223021646/0001493152-23-021646-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.