Does the JTAI have a reverse split incoming?

**Jet.AI (JTAI) does not currently have an imminent reverse stock split.** Here's the analysis to support this conclusion: 1. **Recent Stock Sale and Institutional Investment**: Jet.AI has recently announced a securities purchase agreement with institutional investors for a registered direct offering. This deal involves the sale of approximately 26.6 million shares of common stock at $0.09 per share, aiming to raise an estimated $2.4 million before fees and expenses. This transaction is anticipated to conclude shortly, subject to customary closing conditions. 2. **Stock Performance and Market Dynamics**: Jet.AI's stock has experienced significant volatility, with a notable decline followed by a rebound. The stock's price has been influenced by company announcements and market reactions to its strategic moves. For instance, the announcement of the stock sale and the reverse stock split agreement has impacted the stock's price and trading volume. 3. **Reverse Stock Split Considerations**: A reverse stock split is a corporate action where the number of outstanding shares is reduced, often to meet listing requirements or to increase the price per share. In the case of Jet.AI, the company's decision to sell a large number of shares in a registered direct offering suggests a different strategy than a reverse stock split. The company is actively seeking to raise capital by issuing more shares rather than consolidating existing shares. 4. **Market Perception and Analysts' Views**: The market perception of Jet.AI has been mixed, with some positive developments, such as the release of an AI-based booking app on Apple's App Store, leading to a significant stock price increase. However, the company's financial performance has been under pressure, with revenue declines and significant share price drops following the announcement of the stock sale. 5. **Conclusion**: Based on the current information, Jet.AI is in the process of increasing its share count through a registered direct offering, which is the opposite of a reverse stock split. Therefore, it is not expected to conduct a reverse stock split in the immediate future. In summary, Jet.AI's recent actions indicate a strategy to increase its capital through a stock sale rather than a reverse stock split. The company's stock will likely continue to be influenced by market reactions to these corporate actions and the broader market dynamics in the transportation and AI sectors.