share_log

8-K: Current report

SEC ·  Sep 26 16:08

Summary by Moomoo AI

On September 24, 2024, Jet.AI Inc. held its Annual Meeting where several key proposals were voted upon by stockholders. The approved items included the 2023 Jet.AI Inc. Amended and Restated Omnibus Incentive Plan, which sets a fixed number of shares that may be issued at 2,460,000 and removes the automatic share replenishment provision. Additionally, an amendment to increase the authorized common stock to 200 million shares was passed. The meeting also saw the election of two Class I director nominees, Lt. Col. Ran David and Donald Jeffrey Woods, who will serve until the 2027 annual meeting. Ratification of the company's independent auditor, Hacker Johnson & Smith PA, for the fiscal year ending December 31, 2024, was confirmed. Proposals for the issuance of securities to Ionic Ventures...Show More
On September 24, 2024, Jet.AI Inc. held its Annual Meeting where several key proposals were voted upon by stockholders. The approved items included the 2023 Jet.AI Inc. Amended and Restated Omnibus Incentive Plan, which sets a fixed number of shares that may be issued at 2,460,000 and removes the automatic share replenishment provision. Additionally, an amendment to increase the authorized common stock to 200 million shares was passed. The meeting also saw the election of two Class I director nominees, Lt. Col. Ran David and Donald Jeffrey Woods, who will serve until the 2027 annual meeting. Ratification of the company's independent auditor, Hacker Johnson & Smith PA, for the fiscal year ending December 31, 2024, was confirmed. Proposals for the issuance of securities to Ionic Ventures, LLC and Maxim Group LLC were approved, allowing for potential issuance of shares exceeding 20% of the outstanding common stock at a price below the 'Minimum Price' as per Nasdaq Listing Rule 5635(d). The stockholders also granted the Board of Directors the discretion to effect a reverse stock split at a ratio between one-for-two and one-for-one thousand. The final proposal to adjourn the Annual Meeting to a later date was rendered unnecessary as the first seven proposals were sufficiently approved.
Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more