Jet.AI Inc. (JTAI): Nasdaq/NYSE listing notice — Jet.AI receives Nasdaq delisting notice for equity deficiency; equity negative $4.26M

Jet.AI Inc.

Stockholders' equity was $(4,257,094) as of Sept 30, 2023, below Nasdaq's $10M minimum (Rule 5550(b)(1)(A)).
Company has until Jan 15, 2024 to submit a compliance plan to regain listing or transfer to Nasdaq Capital Market.
If plan is accepted, Nasdaq can grant up to 180-day extension; if rejected, Company may appeal to Hearings Panel.
Nasdaq also noted Company does not meet alternative listing criteria for market value or total assets/revenues.

item 3.01 item 9.01

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 stockholders equity (rules 5550(b)(1)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5550(b)(1)(A)

Exact text from the filing

December 1, 2023, Jet.AI Inc., a Delaware corporation (the “Company”) received a notification letter (the “Letter”) from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that its amount of stockholders’ equity has fallen below the $10,000,000 required minimum for continued listing on The Nasdaq Global Market set forth in Nasdaq Listing Rule 5550(b)(1)(A). The Company’s stockholders’ equity as of September 30, 2023 was $(4,257,094), as reported in the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2023. The Lette

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Jet.AI Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-044069

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