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Oxbridge Acquisition Corp.

Merged
CIK: 1861622•Ticker: OXAC•Merged Ticker: JTAI
Successfully merged with Jet.AI’s SpinCo (the fractional and jet card charter business) • Now trading as JTAI

SPAC Overview

$100M
IPO Size
$102M
Trust Amount
Completed
Current Status
2021
IPO Year

Timeline Progress

About

Oxbridge Acquisition Corp. is a blank-check company seeking an initial business combination. It intends to focus on InsurTech, blockchain and artificial intelligence businesses, especially disruptive technology companies, while retaining the ability to pursue targets outside those sectors.

Investment Focus

Insurance, Blockchain, Artificial Intelligence

Embarc dashboard

What the sponsor registered, what the deal actually priced at, and every 8-K that moved it — unit structure, sponsor promote, and the dated lifecycle events, each linked to its filing.

  • Unit structure as registered and as priced — price, warrant coverage, rights, trust per unit
  • Sponsor promote: founder shares and percentage, private-placement warrants, trust deposit
  • The full 8-K lifecycle timeline, each event linked to its filing
  • Price history across the unit, share and warrant tickers
  • Follow it, and see it change on your watchlist
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SPAC Team

Sponsors

OAC Sponsor

Leadership

George Murnane
Chief Executive Officer, Chief Executive Officer and President, Director, Executive Chairman, Founder and Executive Chairman; Treasurer, Interim Chief Financial Officer, Interim Chief Financial Officer (formerly Chief Executive Officer and President of Jet Token)
Jay Madhu
Chairman of the Board of Directors, Chief Executive Officer, President
Michael D. Winston CFA
Director, Executive Chairman, Executive Chairman and Interim Chief Executive Officer (formerly Founder, Executive Chairman and Treasurer of Jet Token), Founder and Executive Chairman; Treasurer, Interim Chief Executive Officer
Wrendon Timothy
Chairman of the Board of Directors, Chief Executive Officer, Chief Financial Officer, Director, President, Secretary, Treasurer
Patrick J. Mcnulty
Chief Executive Officer and President, Chief Operating Officer, Chief Operating Officer (formerly Chief Operating Officer of Jet Token), Director
William L. Yankus
Chief Financial Officer, Chief Operating Officer, Director, Director Nominee
Lt. Ran David
Chief Operating Officer, Director
Donald Jeffrey Woods
Director
Ehud Talmor
Director
Jeffrey Woods
Director
Ran David
Director
Allan S. Martin
Director Nominee
Jason Tk Butcher
Director Nominee

Extended Team Information

The management and advisory team brings experience in insurance, reinsurance, InsurTech, public companies, finance, investment banking, blockchain, technology and capital markets. Jay Madhu and Wrendon Timothy bring insurance and public-company leadership experience; the director nominees add fintech, payments, analytics, AI and insurance investment expertise.

Stock Performance

JTAI
Trading Symbol
First Trade
2021-10-01
$9.82
At Merger
2023-08-11
$6.63
-32%
6 Months Post-Merger
2024-02-14
$0.82
-88%
1 Year Post-Merger
2024-08-12
$0.26
-96%
2 Years Post-Merger
2025-08-11
$3.06
-54%
Current Price
2026-10-02
$1.55
-84%

Key Information

IPO Date
2021-08-13
Total Redemptions
$5.6M
State of Incorporation
DE
SIC
6770
Completion Date
2023-08-10
Merger Target
Jet.AI’s SpinCo (the fractional and jet card charter business)
SPAC Ticker
OXAC
Merged Ticker
JTAI

External Resources

SEC Filings
View Detailed Analysis