secwatch.observer — SEC 8-K summary
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Issuer:     Jet.AI Inc. (JTAI)
CIK:        0001861622
Form:       8-K
Filed at:   2023-06-16T23:59:59+00:00
Accession:  0001493152-23-021646
Event type: regulatory
Sentiment:  negative
Materiality: 0.60
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1861622/000149315223021646/0001493152-23-021646-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1861622/000149315223021646/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-021646

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