Ticker Launch

SPAC · Merger completed

Oxbridge Acquisition Corp.

Business combination with Jet Token Inc.

Oxbridge Acquisition Corp. is a blank-check company (SPAC) that raised $100M in its initial public offering on Aug 13, 2021, listing on Nasdaq Capital Market. It completed its business combination with Jet Token Inc. on Aug 10, 2023; the combined company is Jet.AI Inc. (JTAI). Oxbridge Re Holdings led the IPO. Foley & Lardner advised the SPAC and Sheppard Mullin advised the underwriters on the IPO.

Jet Token Inc. is a Las Vegas-based private aviation company founded in 2018. It sells jet cards and fractional aircraft interests and operates a booking platform for arranging private jet travel with third-party carriers and its own leased and managed aircraft.

Status
Merger completed
IPO date
Aug 13, 2021
IPO size
$100M
IPO exchange
Nasdaq Capital Market
Target
Jet Token Inc.
Announced
Feb 28, 2023
Closed
Aug 10, 2023
Combined company
Jet.AI Inc. (JTAI)
IPO underwriters
Oxbridge Re Holdings
SPAC counsel (IPO)
Foley & Lardner and Maples and Calder
Underwriters' counsel (IPO)
Sheppard Mullin

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