Jet.AI executes 1-for-200 reverse stock split and invests $5.25M in SPV for SpaceX/xAI exposure

Jet.AI Inc.

1-for-200 reverse stock split effective April 8, 2026; shares reduced from ~129.4M to ~646,812.
Reverse split intended to regain Nasdaq continued listing minimum bid of $1.00 per share.
Invested $5.25M via subscription for 8,347 equity certificates in VERSO Capital tracking SpaceX preferred stock.
Investment provides economic exposure to SpaceX/xAI; third-party reports suggest potential SpaceX IPO at $1.75-2T valuation.
No fractional shares issued; fractional holders receive cash. Proportional adjustments to warrants, options.

item 1.01 item 2.01 item 3.03 item 5.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Jet.AI Inc. issued common stock.

Security: common stock

Exact text from the filing

On March 9, 2026, the Board unanimously approved a 1-for-200 reverse stock split of the Company’s issued and outstanding common stock (the “Reverse Stock Split”).

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Jet.AI Inc.: Amended Certificate of Incorporation to effect a 1-for-200 reverse stock split (effective 2026-04-08).

Change: charter amendment
Effective: 2026-04-08

Exact text from the filing

The Company filed a Certificate of Amendment to its Certificate of Incorporation (the “Amendment”) with the Secretary of State of the State of Delaware on April 7, 2026 to effect the Reverse Stock Split.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Jet.AI Inc. entered into Equity Certificates Subscription Agreement with VERSO Capital 2 SCSP valued at $5,250,000 (effective 2026-04-07).

Action: entry
Agreement: equity purchase
Counterparty: VERSO Capital 2 SCSP
Value: $5,250,000
Effective: 2026-04-07

Exact text from the filing

Jet.AI Inc. (the “Company”) entered into an Equity Certificates Subscription Agreement (the “Subscription Agreement”) with VERSO Capital 2 SCSP (“Verso”) to subscribe for 8,347 equity certificates (the “Certificates”) in Verso for an aggregate subscription price equal to $5,250,000

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Jet.AI Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-016168

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