Jet.AI has adopted a limited-duration stockholder rights agreement, effectively a poison pill, to deter hostile takeover attempts. The plan issues one preferred share purchase right per common share, which activates if any entity acquires 10% or more of the company’s stock, allowing other shareholders to purchase shares at a discount. This measure aims to protect long-term shareholder value and expires in February 2027 unless redeemed earlier by the board.
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JetAI Adopts Poison Pill to Thwart Hostile Takeovers
Jet.AI has adopted a limited-duration stockholder rights agreement, effectively a poison pill, to deter hostile takeover attempts. The plan issues one preferred share purchase right per common share, which activates if any entity acquires 10% or more of the company’s stock, allowing other shareholders to purchase shares at a discount. This measure aims to protect long-term shareholder value and expires in February 2027 unless redeemed earlier by the board.