Business Context and Reporting Period
This Form 8-K is filed by Oxbridge Acquisition Corp., a Cayman Islands exempted company, for the reporting date of September 30, 2021. The filing addresses corporate actions regarding the trading structure of its securities on The Nasdaq Stock Market LLC. Note: The input metadata references "Jet.AI Inc.", but the filing text explicitly identifies the registrant as Oxbridge Acquisition Corp.
Key Financial Metrics
This filing is a Current Report (Item 8.01 Other Events) and does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The filing text does not provide a clear value for any financial metrics.
Material Changes
The primary material change announced is the commencement of separate trading for the Company's Units. Effective October 1, 2021, holders may elect to separate their Units into:
- Class A Ordinary Shares (Symbol: OXAC)
- Redeemable Warrants (Symbol: OXACW)
Units not separated will continue to trade under the symbol OXACU. Each Warrant entitles the holder to purchase one Class A Ordinary Share for $11.50 per share. No fractional Warrants will be issued upon separation.
Guidance, Outlook, and Risks
The filing contains no management guidance, financial outlook, or discussion of risks and contingencies. It strictly reports the procedural change in trading status and references a press release (Exhibit 99.1) for further details.
Investor Verification Checklist
- Verify the correct registrant name is Oxbridge Acquisition Corp., not Jet.AI Inc.
- Confirm the effective date for separate trading is October 1, 2021.
- Check broker instructions for separating Units into Class A Ordinary Shares (OXAC) and Warrants (OXACW).
- Note the exercise price of $11.50 per share for the Warrants.
- Review the attached Press Release (Exhibit 99.1) for additional context not included in the 8-K text.