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Jet.AI (Oxbridge Acquisition) Priced, Nasdaq: JTAI

Blank check company formed by Oxbridge Re Holdings targeting insurtech and blockchain (completed 8/10/2023).

Industry: SPAC

Latest Trade: $0.72 0.00 (0.0%)

First Day Return: +0.4%

Return from IPO: -92.8%

Industry: SPAC

We are a newly organized blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination. To date, our efforts have been limited to organizational activities as well as activities related to this offering. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us. We currently intend to concentrate our acquisition efforts on business merger targets within InsurTech (as defined below) and blockchain technology sectors where we believe our experience and access to public markets can be a catalyst for accelerating growth. We expect to place particular emphasis on regulated insurance or reinsurance companies, distributors or disruptive technology and insurance service providers that focus on specialty lines of business or that target product or customer niches where a differentiated service offering and the advent of new technologies have created, or are expected to create, a sustainable competitive advantage. Our acquisition strategy will seek to capitalize on the significant mergers and acquisitions and insurance expertise and relationships of our management and advisory team.
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IPO Data
IPO File Date 07/19/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 10.0
Deal Size ($mm) $100
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 08/11/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 10.0
Deal Size ($mm) $100
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Maxim Group LLC
Company Data
Headquarters Grand Cayman, Cayman Islands
Founded 2021
Employees 2

Jet.AI (Oxbridge Acquisition) (JTAI) Performance