other material
confidence high
sentiment neutral
materiality 0.55
Jet.AI adopts limited-duration stockholder rights plan with 10% trigger, expires Feb 12, 2027
Jet.AI Inc.
- One Right per share of JTAI common stock; dividend payable Feb 24, 2026 to holders of record.
- Rights exercisable only if a person/group acquires 10%+ of common stock; then holders may buy stock at 2x value.
- Rights expire Feb 12, 2027, redeemable at $0.01 per Right before 10% trigger.
- Board may exchange one share of common stock for each Right after 10% trigger (excluding the acquirer).
- Derivative positions count toward beneficial ownership for the 10% threshold.