secwatch.observer — SEC 8-K summary
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Issuer:     Jet.AI Inc. (JTAI)
CIK:        0001861622
Form:       8-K
Filed at:   2023-12-07T23:59:59+00:00
Accession:  0001493152-23-044069
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Jet.AI receives Nasdaq delisting notice for equity deficiency; equity negative $4.26M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1861622/000149315223044069/0001493152-23-044069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1861622/000149315223044069/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-044069

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