Jet.AI stockholders approve 200M authorized shares, reverse stock split, and amended incentive plan

Jet.AI Inc.

Authorized common shares increased to 200 million; amendment effective July 25, 2024.
Board granted discretion to effect reverse stock split at ratio between 1:2 and 1:1000.
Amended Omnibus Incentive Plan approved: 2,460,000 shares fixed, no evergreen provision.
Stockholders approved potential share issuances to Ionic and Maxim exceeding 20% of outstanding at below Minimum Price.
Directors elected: Ran David and Donald Jeffrey Woods; auditor Hacker Johnson & Smith ratified.

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