Corporate GovernanceApr 23, 2026, 08:32 AM
Jet.AI Regains Nasdaq Compliance After Reverse Stock Split
AI Summary
Jet.AI Inc. announced it has regained compliance with Nasdaq's minimum bid price requirement. The company previously received a non-compliance notice on February 6, 2026, due to its common stock trading below $1.00 for 30 consecutive business days. Following a 1-for-200 reverse stock split on April 8, 2026, Nasdaq confirmed on April 22, 2026, that Jet.AI's stock maintained a closing bid price of $1.00 or greater for ten consecutive business days, resolving the deficiency. The company stated its commitment to maintaining strong financial discipline and governance.
Key Highlights
- Jet.AI received Nasdaq notice of non-compliance on February 6, 2026, for bid price below $1.00.
- Company effected a 1-for-200 reverse stock split on April 8, 2026.
- Regained Nasdaq compliance on April 22, 2026, after 10 consecutive days above $1.00 bid price.
- No further deficiencies remain outstanding at this time.