Jet.AI (NASDAQ:JTAI), a developer of artificial intelligence-driven software for the private aviation industry, has announced a 1-for-200 reverse stock split effective before the market opens on April 8, 2026.
The corporate action is primarily designed to bring the company back into compliance with Nasdaq’s minimum bid-price requirement, which mandates that listed securities maintain a closing price of at least $1 per share.
By consolidating every 200 existing shares of common stock into one new share, Jet.AI expects to significantly elevate its trading price to meet these regulatory standards.
Under the terms of the split, the company’s total shares of common stock outstanding will decrease from approximately 129,362,471 to roughly 646,812.
No fractional shares will be issued in connection with the split; instead, stockholders who would otherwise hold fractional shares will receive a cash payment based on the closing price of the common stock on April 7, 2026.