Jet.AI receives Nasdaq delisting notice for bid price non-compliance; extension to Nov 26, 2024

Jet.AI Inc.

Nasdaq notified Jet.AI on Oct 18, 2024 that it failed to regain $1.00 minimum bid price by Oct 14 deadline.
Company has a Nasdaq panel extension to Nov 26, 2024 to implement its compliance plan.
Shareholders approved reverse stock split (up to 1:1000) at Sept 24, 2024 annual meeting.
Company completed stock offerings on Oct 11 and Oct 21, 2024 to aid compliance efforts.
No immediate effect on listing; company believes it will comply by Nov 26, 2024.

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