UPDATED: Jet.AI Inc. Announces Reverse Stock Split
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Jet.AI Inc. (Nasdaq: JTAI) announced a 1-for-225 reverse stock split, effective November 12, 2024. The stock will trade on a split-adjusted basis under the same symbol, JTAI, with a new CUSIP number.
November 11, 2024 | 8:00 pm
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Jet.AI Inc. is implementing a 1-for-225 reverse stock split, effective November 12, 2024. This action will consolidate shares, potentially impacting stock liquidity and price.
Reverse stock splits often lead to a decrease in stock liquidity and can be perceived negatively by investors, potentially leading to a short-term decline in stock price. The 1-for-225 ratio is significant, indicating a substantial consolidation of shares.
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