Jet.AI Inc. Files 8-K on Delisting Notice
Ticker: JTAI · Form: 8-K · Filed: Oct 24, 2024 · CIK: 1861622
Sentiment: bearish
Topics: delisting, listing-standards, regulatory
TL;DR
Jet.AI might be delisted - check their latest filings.
AI Summary
Jet.AI Inc. filed an 8-K on October 24, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule or standard, and also filed financial statements and exhibits. The company, formerly known as Oxbridge Acquisition Corp., is incorporated in Delaware and headquartered in Las Vegas, Nevada.
Why It Matters
This filing indicates potential issues with Jet.AI Inc.'s continued listing on an exchange, which could impact its stock trading and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards suggests significant financial or operational distress for the company.
Key Players & Entities
- Jet.AI Inc. (company) — Registrant
- Oxbridge Acquisition Corp. (company) — Former company name
- October 18, 2024 (date) — Earliest event reported date
- October 24, 2024 (date) — Filing date
- Delaware (jurisdiction) — State of incorporation
- Las Vegas, NV (location) — Principal Executive Offices
FAQ
What specific rule or standard has Jet.AI Inc. failed to satisfy, leading to the notice of delisting?
The filing does not specify the exact rule or standard that Jet.AI Inc. has failed to satisfy; it only indicates that a notice has been issued.
What are the potential consequences of failing to meet continued listing requirements?
Failing to meet continued listing requirements can lead to the transfer of a company's listing to a different exchange or, ultimately, delisting from the current exchange.
When was Jet.AI Inc. formerly known as Oxbridge Acquisition Corp.?
The company changed its name from Oxbridge Acquisition Corp. on May 11, 2021.
What is the primary business of Jet.AI Inc.?
The filing lists the Standard Industrial Classification as 'AIR TRANSPORTATION, NONSCHEDULED [4522]', suggesting a focus on non-scheduled air transport.
What other items are included in this 8-K filing besides the delisting notice?
In addition to the notice of delisting or failure to satisfy a continued listing rule or standard, the filing also includes Financial Statements and Exhibits.
Filing Stats: 808 words · 3 min read · ~3 pages · Grade level 11.5 · Accepted 2024-10-24 17:20:08
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share JTAI The Nasdaq Stock Mar
- $1.00 — e Company's common stock had been below $1.00 per share for 30 consecutive business d
Filing Documents
- form8-k.htm (8-K) — 41KB
- 0001493152-24-042409.txt ( ) — 215KB
- jtai-20241018.xsd (EX-101.SCH) — 3KB
- jtai-20241018_lab.xml (EX-101.LAB) — 33KB
- jtai-20241018_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. JET.AI INC. By: /s/ Michael Winston Michael Winston Executive Chairman and Interim Chief Executive Officer Date: October 24, 2024