Core Viewpoint - Jet.AI Inc. has adopted a limited duration stockholders rights agreement to protect stockholders in the event of a takeover and ensure fair treatment for all stockholders [1][6] Group 1: Rights Agreement Details - The rights agreement includes a dividend distribution of one preferred share purchase right for each outstanding share of common stock [1][6] - The rights become exercisable if a person or group acquires 10% or more of the Company's outstanding common stock, allowing stockholders to buy one one-thousandth of a share of a new series of junior participating preferred stock [2][3] - If a person or group acquires 10% or more of the Company's common stock, each right allows the holder to purchase common shares with a market value of twice the price [3] - The rights are redeemable for one cent per right at the option of the Board before any acquisition of 10% ownership [4] Group 2: Implementation and Expiration - The dividend distribution will occur on February 24, 2026, and is not taxable to stockholders [6] - The rights will expire on February 12, 2027, unless redeemed or exchanged earlier [6] Group 3: Company Overview - Jet.AI Inc. focuses on deploying artificial intelligence tools and infrastructure to enhance decision-making and performance across complex systems [7]
Jet.AI Adopts Limited Duration Stockholders Rights Agreement