Business
Jet.AI and Oxbridge Acquisition Corp. Announce Shareholder Approval of Business Combination
LAS VEGAS, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Oxbridge Acquisition Corp (NASDAQ: OXAC) (“Oxbridge”), a special purpose acquisition company, and its merger
About this update from Oxbridge Re Holdings Limited
[{"type":"text","content":"LAS VEGAS, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Oxbridge Acquisition Corp (NASDAQ: OXAC) (“Oxbridge”), a special purpose acquisition company, and its merger partner Jet Token inc. d/b/a Jet.AI (“Jet.AI” or the “Company”) (Reserved NASDAQ: JTAI, JTAIW and JTAIZ), an innovative private aviation, artificial intelligence company, today announced that their previously announced business combination was approved by Oxbridge’s shareholders during its extraordinary general meeting of shareholders yesterday in which 99.99% of the votes cast were voted in favor of the business combination as well as other proposals related to the business combination matters. Complete official results of the vote will be included in a current report on Form 8-K to be filed by Oxbridge with the U.S. Securities and Exchange Commission (the “SEC”) today. The parties will now look to complete the proposed business combination as soon as possible subject to the parties satisfying all other remaining closing conditions. About Jet.AI:Jet.AI operates in two segments, Software and Aviation, respectively. The Software segment features the B2C CharterGPT app and the B2B Jet.AI Operator platform. The CharterGPT app uses natural language processing and machine learning to improve the private jet booking experience. The Jet.AI operator platform offers a suite of stand-alone software products to enable FAA Part 135 charter providers to add revenue, maximize efficiency, and reduce environmental impact. The Aviation segment features jet aircraft fractions, jet card, on-fleet charter, management, and buyer’s brokerage. Jet.AI is an official partner of the Las Vegas Golden Knights, 2023 NHL Stanley Cup® champions. Jet.AI was founded in 2018 and is based in Las Vegas, NV and San Francisco, CA. ABOUT OXBRIDGE ACQUISITION CORP.:Oxbridge is a Cayman Islands-exempted, Cayman Islands-based blank check company incorporated in 2021 and managed by the executive officers of Oxbridge Re Holdings Limited (NASDAQ: OXBR), the founding and leading investor in the sponsor of Oxbridge. The company was formed with the purpose of entering into a merger in the field of artificial intelligence, blockchain technology and insurance technology and its ordinary shares, units and warrants trade on the Nasdaq Capital Markets under tickers “OXAC”, “OXACU” and “OXACW”, respectively. Important Information ...