Jet.AI announces 1-for-225 reverse stock split effective Nov 12 to regain Nasdaq compliance

Jet.AI Inc.

Reverse stock split at 1-for-225, effective before market open on Nov 12, 2024.
Company aims to regain compliance with Nasdaq minimum $1 bid price requirement.
No change to par value or authorized shares; fractional shares rounded up to whole shares.
Proportional adjustments to stock options, warrants, convertible securities; trading symbol remains JTAI.
New CUSIP number 47714H308; stock will trade split-adjusted from Nov 12.

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