Welcome to our dedicated page for Oxbridge Acquisition news (Ticker: OXAC), a resource for investors and traders seeking the latest updates and insights on Oxbridge Acquisition stock.
Oxbridge Acquisition Corp. (symbol: OXAC) is a blank check company, commonly known as a Special Purpose Acquisition Company (SPAC), incorporated under the laws of the Cayman Islands. The primary objective of Oxbridge Acquisition Corp. is to execute a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Although the company is open to partnering with targets from any sector or geographical location, it has a distinct focus on the technology sector, specifically within the insurtech, blockchain, and artificial intelligence verticals. The target enterprise value for their initial business combination is set to exceed $300 million.
The company is led by Jay Madhu, who serves as the Chairman & CEO, and Wrendon Timothy, who holds the positions of CFO, Secretary, Treasurer, and Director. Both executives bring extensive experience and strategic vision to the company, aiming to identify and acquire high-potential technology enterprises.
Recent Developments:
Oxbridge Acquisition Corp. recently made headlines with its proposed business combination with Jet.AI. This significant move is expected to bring substantial value to shareholders and foster growth in cutting-edge technology sectors. The proposed merger emphasizes the company’s commitment to innovation and strategic expansion.
For additional information, the key contacts are:
For Oxbridge: Jay Madhu, CEO & Chairman of the Board (813-263-507), Jmadhu@oxbridgeaq.com
For Jet.AI: Gateway Group, Inc. (949-574-3860), Jet.AI@gateway-grp.com
Jet Token Inc. and Oxbridge Acquisition Corp. have announced a proposed business combination, with Oxbridge filing its registration statement on Form S-4 with the SEC on March 27, 2023. This statement includes essential details about Jet and the proposed transaction. Oxbridge's shareholders are encouraged to review the preliminary proxy statement/prospectus and definitive documents once available, as they will contain crucial information regarding the merger.
The business combination aims to enhance Jet’s operations in private aviation booking and membership services. With Jet's established market presence since its founding in 2018, the transaction is designed to facilitate growth and operational synergies post-completion.
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