Jet.AI to Regain Compliance with Nasdaq Stockholders’ Equity Requirement
Jet.AI Inc. (JTAI)
Company Research
Source: GlobeNewswire
LAS VEGAS, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Jet.AI (the “Company”) (Nasdaq: JTAI), an innovative private aviation and artificial intelligence (“AI”) company, today announced it believes it has regained compliance with the minimum stockholders' equity requirement as set forth in Nasdaq Listing Rule 5550(b)(1). Jet.AI Chairman and CEO Mike Winston stated, "We appreciate the consideration NASDAQ has shown Jet.AI. The Company has strong cash ($3.6 million) and book equity ($4 million) positions, with no debt, roughly 840 thousand shares and good visibility on aircraft deliveries. Today is an important day for Jet.AI in its continued mission to build shareholder value and we thank all those who have contributed to our return to compliance." As previously disclosed, the Company received a letter on December 1, 2023, notifying the Company that its amount of stockholders’ equity had fallen below the $10 million minimum stockholders’ equity requirement (the “Minimum Equity Requirement”).
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JTAI
News
- Jet.AI Reports Third Quarter 2024 Financial ResultsGlobeNewswire
- Jet.AI’s Board of Directors Authorizes $2 Million Share Repurchase Program and Withdrawal of S-1 Registration StatementGlobeNewswire
- UPDATED: Jet.AI Inc. Announces Reverse Stock SplitGlobeNewswire
- Jet.AI Inc. Announces Reverse Stock SplitGlobeNewswire
- Jet.AI to Participate in Corporate Jet Investor Miami 2024GlobeNewswire
JTAI
Sec Filings
- 11/19/24 - Form 8-K
- 11/18/24 - Form 8-K
- 11/14/24 - Form 10-Q
- JTAI's page on the SEC website