Welcome to our dedicated page for Oxbridge Acquisition news (Ticker: OXACU), a resource for investors and traders seeking the latest updates and insights on Oxbridge Acquisition stock.
Oxbridge Acquisition Corp. is a blank check company, commonly known as a Special Purpose Acquisition Company (SPAC), operating under the laws of the Cayman Islands. The company's primary objective is to facilitate mergers, share exchanges, asset acquisitions, and business combinations with various entities. Although Oxbridge Acquisition Corp. has the flexibility to target businesses across different industries and regions, its specific interest lies in the technology sector, particularly within the Insurtech, Blockchain, and Artificial Intelligence domains. The company's leadership includes Jay Madhu, serving as the Chairman & CEO, and Wrendon Timothy, holding the roles of CFO, Secretary, Treasurer, and Director.
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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