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Jet.AI shares have fallen more than 33% since the reverse split Wednesday morning.
Jet.AI invested $5 million in a special purpose vehicle linked to SpaceX and xAI.
KEY POINTS
- Jet.AI executed a 200-to-1 reverse stock split, reducing shares from 129.4 million to 646,800.
- The reverse split significantly tightened Jet.AI's float but did not address prior dilution.
- JTAI shares have dropped over 33% since the reverse split was implemented.
COMPANIES
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