secwatch.observer — SEC 8-K summary
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Issuer:     Jet.AI Inc. (JTAI)
CIK:        0001861622
Form:       8-K/A
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001493152-24-044535
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 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
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1861622/000149315224044535/0001493152-24-044535-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1861622/000149315224044535/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-044535

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