Jet.AI Inc 8-K, filed Sep 30, 2021
Jet.AI Inc. (JTAI)
About this 8-K
Jet.AI Inc filed this 8-K on September 30, 2021.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 Other Events.
On September 30, 2021, Oxbridge Acquisition Corp., a Cayman Islands exempted company (the “Company”), announced that, commencing on October 1, 2021, the holders of Units issued in its initial public offering (the “Units”), each consisting of one Class A ordinary share of the Company, par value $0.0001 per share (the “Class A Ordinary Share”), and one redeemable warrant of the Company (“Warrant”), with each Warrant entitling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share, may elect to separately trade shares of Class A Ordinary Shares and Warrants included in the Units. No fractional Warrants will be issued upon separation of the Units and only whole Warrants will trade. The Units not separated will continue to trade on The Nasdaq Stock Market LLC (“Nasdaq”) under the symbol “OXACU.” The Class A Ordinary Shares and the Warrants are expected to trade on Nasdaq under the symbols “OXAC” and “OXACW,” respectively. Holders of Units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the Units into Class A Ordinary Shares and Warrants.
On September 30, 2021, the Company issued a press release announcing the commencement of separate trading of the Units, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
The following exhibits are being filed herewith:
Exhibit Number |
Description | |
| 99.1 | Press Release, dated September 30, 2021 |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Oxbridge Acquisition Corp. | ||
| By: | /s/ Wrendon Timothy | |
| Wrendon Timothy | ||
| Chief Financial Officer, Treasurer, Secretary, and Director | ||
| Dated: September 30, 2021 | ||
Exhibit 99.1
Oxbridge Acquisition Corp. Announces Separate Trading of its
Class A Ordinary Shares and Warrants, Commencing October 1, 2021
GRAND CAYMAN, CAYMAN ISLANDS / GlobeNewswire / September 30, 2021 / Oxbridge Acquisition Corp. (NASDAQ: OXACU) (“Oxbridge Acquisition Corp.” or the “Company”) today announced the announced that, commencing October 1, 2021, holders of the units sold in the Company’s initial public offering may elect to separately trade the Company’s Class A Ordinary Shares (“Class A Ordinary Shares”) and warrants included in the units. The Class A Ordinary Shares and warrants that are separated will trade on the Nasdaq Capital Market (“Nasdaq”) under the symbols “OXAC” and “OXACW,” respectively. Those units not separated will continue to trade on Nasdaq under the symbol “OXACU.”
The units were initially offered by the Company in an underwritten offering. Maxim Group LLC acted as sole book-running manager for the offering. The public offering was made only by means of a prospectus, copies of which may be obtained from Maxim Group LLC, 405 Lexington Avenue, New York, NY 10174.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Oxbridge Acquisition Corp.
Oxbridge Acquisition Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, organized under the laws of the Cayman Islands and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. While the Company may pursue an initial business combination target in any business, industry or geographical location, it intends to focus its search on a technology business within the insurtech, blockchain and artificial intelligence verticals, with enterprise value in excess of $300 million. The Company is led by Jay Madhu, its Chairman & CEO and Wrendon Timothy, its CFO, Secretary, Treasurer and Director. In addition to Messrs. Madhu and Timothy, the Company’s Board of Directors also includes Jason Butcher, Allan Martin, and William Yankus. Additionally, the Company’s strategic advisors include Deepak Jain, Oliver Gale, Drew Madhu, and Sam Martin.
Forward-Looking Statements:
This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s initial public offering (“IPO”) and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of Oxbridge Acquisition Corp., including those set forth in the Risk Factors section of Oxbridge Acquisition Corp.’s registration statement and preliminary prospectus for the IPO filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. Oxbridge Acquisition Corp. undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
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Company Contact: Jay Madhu, Chairman, and CEO Oxbridge Acquisition Corp. Tel +1 (345) 749-7568 jmadhu@oxbridgeaq.com |