Jet.ai formally regains compliance with nasdaq stockholders' equity requirement and minimum bid price requirement

Las vegas, nov. 27, 2024 (globe newswire) -- jet.ai inc. (“jet.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. no further deficiencies remain outstanding.
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