---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-015381"
form_type: "8-K"
ticker: "JTAI"
cik: "0001861622"
company_name: "Jet.AI Inc."
filed_at: "2024-04-19T23:59:59+00:00"
generated_at: "2026-06-03T16:50:26.416427+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Jet.AI receives Nasdaq deficiency notice for bid price below $1.00; 180-day cure period until Oct 14, 2024

## Summary
- Received Nasdaq notice on April 15, 2024; must have bid price ≥ $1.00 for 10 consecutive days by Oct 14, 2024.
- If not compliant by Oct 14, may transfer to Nasdaq Capital Market for additional 180-day period if eligible.
- Also disclosed Placement Agency Agreement with Maxim Group: 7% cash fee on gross proceeds, up to $1,050,000 in future fees.
- Paid Maxim $120,000 from March 29 closing; right of first refusal for future offerings until Dec 31, 2024.

## SEC filing metadata
- accession: 0001493152-24-015381
- form_type: 8-K
- ticker: JTAI
- cik: 0001861622
- company_name: Jet.AI Inc.
- filed_at: 2024-04-19T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1861622/000149315224015381/0001493152-24-015381-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1861622/000149315224015381/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-015381
- JSON: https://secwatch.observer/filing/0001493152-24-015381.json
- Plain text: https://secwatch.observer/filing/0001493152-24-015381.txt

## Key facts
- Listing & Compliance Notices
  Jet.AI Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5450(a)(1)
  source text: April 15, 2024, Jet.AI, Inc. (the “Company”) received notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) that the Company is not in compliance with Nasdaq Listing Rule 5450(a)(1), as the minimum bid price of the Company’s Class A Common Stock has been below $1.00 per share for 30 consecutive business days (the “Minimum Bid Price Requirement”). The notification of noncompliance has no immediate effect on the listing or trading of the Company’s Common Stock on The Nasdaq Global Market. The Company has 180 calendar days, or until October 14, 2024, to regain compliance with the Mini
  evidence_url: https://www.sec.gov/Archives/edgar/data/1861622/000149315224015381/0001493152-24-015381-index.htm

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