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.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Jet.AI Inc.: Certificate of Amendment to effect a 1-for-225 reverse stock split of common stock, approved by Board on November 4, 2024 and filed with Delaware Secretary of State on November 8, 2024 (effective 2024-11-12).

Change: charter amendment
Effective: 2024-11-12

Exact text from the filing

The Reverse Split will be effective as of 12:01 a.m. on November 12, 2024 (the “ Effective Date ”)

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Jet.AI Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-044297

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