Jet.AI regains compliance with Nasdaq minimum equity requirement; equity now ~$4M

Jet.AI Inc.

Stockholders' equity now ~$4.0M, above the $2.5M minimum; cash and cash equivalents $3.6M, no debt.
Regained compliance via equity issuances: ~$1.6M from GEM SPA, $2.5M from Ionic warrants, $2.4M from Sunpeak settlement, and public offerings totaling ~$3.9M.
Company completed reverse stock split (1-for-225) on Nov 12, 2024; total shares outstanding approx. 840,000.
Chairman/CEO Mike Winston cited strong cash and equity positions, no debt, and good aircraft delivery visibility.

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