Extracted from this filing and checked against the source text.
Listing & Compliance Notices
SEC 8-K Item 3.01
confidence 0.9
Jet.AI Inc. received a nasdaq noncompliance notice notice regarding minimum bid price (rules 5450(a)(1)).
- Exchange
- nasdaq
- Notice
- noncompliance notice
- Deficiency
- minimum bid price
- Rules
- 5450(a)(1)
Exact text from the filing
February 6, 2026, the Company received a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”), as the minimum bid price of the Company’s common stock has been below $1.00 per share for 30 consecutive business days. The notification of noncompliance has no immediate effect on the listing or trading of the Company’s common stock. The Company has 180 calendar days, or until August 5, 2026 (the “Initial Compliance Period”), to regain co
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Jet.AI Inc. amended Amendment No. 4 to Amended and Restated Agreement and Plan of Merger and Reorganization with flyExclusive, Inc. valued at Eliminates closing condition requiring execution of new securities purchase agreement with a third-p (effective 2026-02-11).
- Action
- amendment
- Agreement
- merger
- Counterparty
- flyExclusive, Inc.
- Value
- Eliminates closing condition requiring execution of new securities purchase agreement with a third-p
- Effective
- 2026-02-11
Exact text from the filing
On February 11, 2026, the parties entered into an Amendment No. 4 to Amended and Restated Agreement and Plan of Merger and Reorganization (the “Amendment”). The Amendment eliminates the closing condition that would have required the Company to execute a new securities purchase agreement with a third-party investor, pursuant to which the Company would have issued the investor a warrant to purchase up to $50 million worth of shares of a newly-designated series of preferred stock.
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