secwatch.observer — SEC 8-K summary
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Issuer:     Jet.AI Inc. (JTAI)
CIK:        0001861622
Form:       8-K
Filed at:   2024-09-26T23:59:59+00:00
Accession:  0001493152-24-038298
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 5.07, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1861622/000149315224038298/0001493152-24-038298-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1861622/000149315224038298/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-038298

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer