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Oxbridge Acquisition Corp. Announces Pricing of $100.0 Million Initial Public Offering
GRAND CAYMAN, CAYMAN ISLANDS / ACCESSWIRE / August 11, 2021 / Oxbridge Acquisition Corp. (the "Company"), a newly organized blank check company incorporated
About this update from Oxbridge Re Holdings Limited
[{"type":"text","content":"GRAND CAYMAN, CAYMAN ISLANDS / ACCESSWIRE / August 11, 2021 / Oxbridge Acquisition Corp. (the \"Company\"), a newly organized blank check company incorporated as a Cayman Islands exempted company and led by Chairman and CEO Jay Madhu, today announced the pricing of its initial public offering of 10,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share of the Company and one redeemable warrant. Each warrant will entitle the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. The units are expected to be listed on the Nasdaq Capital Market (\"Nasdaq\") and trade under the ticker symbol \"OXACU\" beginning August 12, 2021. Once the securities comprising the units begin separate trading, the Class A ordinary shares and the warrants are expected to be traded on the Nasdaq under the symbols \"OXAC\" and \"OXACW,\" respectively.Maxim Group LLC is acting as sole book-running manager for the offering.The Company has granted the underwriters a 45-day option to purchase up to 1,500,000 additional units at the initial public offering price to cover over-allotments, if any. The offering is expected to close on August 16, 2021, subject to customary closing conditions.A registration statement relating to the securities sold in the initial public offering was declared effective by the U.S. Securities and Exchange Commission (the \"SEC\") on August 11, 2021. The offering is being made only by means of a prospectus. When available, copies of the prospectus related to this offering may be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, New York 10022, at (212) 895-3500, or by visiting EDGAR on the SEC's website at www.sec.gov.This press release shall not constitute an offer to sell or a solicitation of an offer to buy, 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 acquisitio...