secwatch.observer — SEC 8-K summary
======================================

Issuer:     Jet.AI Inc. (JTAI)
CIK:        0001861622
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0001493152-24-044297
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1861622/000149315224044297/0001493152-24-044297-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1861622/000149315224044297/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-044297

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