Oxbridge Acquisition Corp. (NASDAQ: OXAC) announced this afternoon that its special meeting, originally scheduled for August 4, has been postponed to 4:00 p.m. ET on August 7.
As a result of this change, the SPAC has extended the redemption deadline to 5:00 p.m. ET on August 3. At the meeting, stockholders of Oxbridge will be asked to vote on a proposal to approve its business combination with private aviation booking and membership platform Jet Token.
The parties inked their $45 million deal earlier this year in February. Oxbridge has an estimated $12.12 million in its trust after seeing 89.68% redeemed during a vote in November 2022. The SPAC did not supplement this with additional committed financing.
Las Vegas-based Jet Token offers fractional aircraft ownership, jet card, aircraft brokerage and charter service through its fleet of private aircraft and those of its Argus Platinum operating partner. Earlier this week, the company announced the launch of its AI-powered charter booking application, CharterGPT, to automate the manual process of booking a private jet.
Upon the closing of the transaction, the combined company will be named Jet.AI Inc. and its securities are expected to be publicly listed on Nasdaq under the ticker symbol “JTAI”.
Colombier Acquisition Corp. II (NYSE: CLBR.U) announced the pricing of its upsized $150 million IPO this evening. Its units are expected to begin trading on the NYSE under the symbol “CLBR.U” on Tuesday, November 21, 2023. After the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to...
Mountain Crest Acquisition Corp. IV (NASDAQ:MCAF) announced this afternoon that its shareholders have approved its business combination with CH-AUTO. At today’s meeting, there were 2,958,185 shares of common stock present, representing approximately 89.25% of the issued and outstanding shares, constituting a quorum. The deal was approved with holders of 2,704,338 shares voting in favor of...
Bayview Acquisition Corp. (NASDAQ:BAYA) submitted its S-1 filing Friday afternoon for a $50 million IPO with a primary focus on businesses in Asia. The new SPAC states that it sees Asia transitioning into a new phase of economic development, foreseeing promising opportunities for a business combination. They anticipate this growth to stem from private sector...
Plenty of stocks are rebounding this month as the market broadly rallies on signs that the age of rate hikes is ending, but DraftKings (NASDAQ:DKNG) is on an uncommonly sharp trajectory among recent de-SPACs. The digital gaming and betting platform, which combined with Diamond Eagle in April 2020, opened 2023 trading at $11.63 – nearly...
At the SPAC of Dawn Public companies of all stripes tend to bury news ahead of holidays and SPACs are no different. Four SPACs have announced their intent to liquidate since market close on Friday and three of these had previously agreed to business combinations. The last cluster of broken deals and liquidated SPACs this...