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Jet.AI Formally Regains Compliance with Nasdaq Stockholders’ Equity Requirement and Minimum Bid Price Requirement

GlobeNewswire LogoGlobeNewswire10h ago

Jet.AI Formally Regains Compliance with Nasdaq Stockholders’ Equity Requirement and Minimum Bid Price Requirement - GlobeNewswire

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Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements include risks relating to agreements with third parties; the Company’s ability to raise funding in the future, as needed, and the terms of such funding, including potential dilution caused thereby; the Company’s ability to maintain the listing of its securities on Nasdaq; unanticipated difficulties or expenditures relating to the Company’s business plan; and those risks that can be found in the Company’s most recent Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission.

AI” or the "Company”) (NASDAQ: JTAI), an innovative private aviation and artificial intelligence company, announced it has officially received notice from the Nasdaq Stock Market LLC ("Nasdaq”) confirming it has regained compliance with both the $2.5 million minimum stockholders’ equity requirement as set forth in Nasdaq Listing Rule 5550(b)(1) (the "Equity Rule”) and the minimum bid price requirement as set forth in Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Price Requirement”), as required by the Nasdaq Hearing Panel’s ("Panel”) decision dated August 14, 2024.

Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties that could cause the actual results to differ materially from the expected results.

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Article Details

Author / Journalist: Jet.AI Inc.

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-27 @ 13:30:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 907 words

Reading Time: 6 minutes read

Sentences: 30 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 23906165

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About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 27 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 8 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

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