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 Nov 12, 2024; fractional shares paid in cash.
Purpose: to regain compliance with Nasdaq minimum bid price requirement and free up shares for future issuance.
Common stock continues trading on Nasdaq under JTAI; new CUSIP 47714H308.
No change in authorized shares or par value; proportional adjustments to equity awards and warrants.
Press release issued Nov 11, 2024, correcting prior filing regarding fractional share treatment.

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