On April 8, Jet.AI will effect a 1-for-200 reverse stock split, converting every 200 shares of common stock into one share without changing the par value. The total issued and outstanding shares will decrease from 129,362,471 to approximately 646,812, and trading will continue under the same Nasdaq symbol on a split-adjusted basis.

All stockholders will see proportional ownership maintained except for fractional shares, which will be settled in cash. The company will adjust the number and exercise or conversion prices of equity awards, convertible preferred stock and warrants, and the split is designed to meet Nasdaq's minimum bid price requirement while enabling future share issuances.