12:19 PM EST, 11/08/2024 (MT Newswires) -- Jet.AI ( JTAI ) said Friday it will implement a 1-for-225 reverse stock split to help the company regain compliance with Nasdaq's minimum bid price requirement.

The company said its shares will start trading on a split-adjusted basis when the market opens on Tuesday.

Shares of the company dropped past 11% in recent trading.

Price: 0.05, Change: -0.01, Percent Change: -11.48