share_log

8-K: Current report

SEC ·  Apr 20 05:16
Summary by Futu AI
On April 15, 2024, Jet.AI Inc., a Delaware-incorporated company listed on The Nasdaq Stock Market LLC, reported a notice of noncompliance from Nasdaq due to the minimum bid price of its Class A Common Stock falling below $1.00 for 30 consecutive business days. The company has until October 14, 2024, to regain compliance with the Minimum Bid Price Requirement. If compliance is not achieved, Jet.AI may consider transferring to The Nasdaq Capital Market for an additional compliance period. The company has also completed a private placement with Ionic Ventures, LLC on March 29, 2024, and has entered into a Placement Agency Agreement with Maxim Group LLC, which includes a cash fee payment and a right of first refusal for Maxim on future offerings until December 31, 2024, or until all Series A Convertible Preferred Stock is redeemed or converted.
On April 15, 2024, Jet.AI Inc., a Delaware-incorporated company listed on The Nasdaq Stock Market LLC, reported a notice of noncompliance from Nasdaq due to the minimum bid price of its Class A Common Stock falling below $1.00 for 30 consecutive business days. The company has until October 14, 2024, to regain compliance with the Minimum Bid Price Requirement. If compliance is not achieved, Jet.AI may consider transferring to The Nasdaq Capital Market for an additional compliance period. The company has also completed a private placement with Ionic Ventures, LLC on March 29, 2024, and has entered into a Placement Agency Agreement with Maxim Group LLC, which includes a cash fee payment and a right of first refusal for Maxim on future offerings until December 31, 2024, or until all Series A Convertible Preferred Stock is redeemed or converted.
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