Jet.AI Inc. (JTAI) stock is seeing a significant rise today after the company announced a $2 million share repurchase program and withdrew its S-1 registration for a prospective offering. The buyback program aims to capitalize on undervalued share prices, while the S-1 withdrawal reflects the company’s focus on meeting Nasdaq listing requirements.
Jet.AI Inc. (JTAI) shares plummeted on Thursday following the announcement of a direct offering of 26.6 million shares to institutional investors. The offering, priced at $0.09 per share, is expected to bring in $2.4 million for the company. The news sparked heavy trading volume and sent the stock price tumbling.
