Jet.AI Inc. 8-K

What Happened Jet.AI Inc. announced that it has regained compliance with Nasdaq Listing Rule 5450(a)(1) (the $1.00 minimum bid price requirement). The company received a Nasdaq notice on February 6, 2026 that its stock had traded below $1.00 for 30 consecutive business days. To address this, Jet.AI effected a 1-for-200 reverse stock split of its issued and outstanding common stock on April 8, 2026. On April 22, 2026 Nasdaq notified the company that the closing bid price was $1.00 or greater for the ten consecutive business days from April 8 through April 21, 2026, and that the company has regained compliance. No further Nasdaq deficiencies are outstanding at this time.

Key Details

• Nasdaq non-compliance notice received: February 6, 2026 (minimum bid price under $1.00 for 30 consecutive business days).
• Reverse stock split: 1-for-200, effective April 8, 2026.
• Nasdaq compliance confirmed: notice dated April 22, 2026, covering closing bids ≥ $1.00 from April 8–21, 2026.
• Company statement: no assurance it can maintain future compliance; remains focused on governance and its AI data center portfolio.

Why It Matters Regaining compliance preserves Jet.AI’s Nasdaq listing and avoids the immediate risk of delisting, which matters to shareholders because it maintains liquidity and broader access to markets. The 1-for-200 reverse split materially reduces the number of outstanding shares and increases the per-share price — investors should adjust share counts and per-share metrics accordingly. While the filing removes the current deficiency, the company cautioned that future compliance is not guaranteed and highlighted standard forward-looking risks (e.g., funding, continuing as a going concern, and maintaining listing).