Oxbridge Acquisition Corp. broadcasts the completion of the mailing of its Extension Definitive Proxy Assertion to a shareholder assembly on November 9, 2022

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Oxbridge Acquisition Corp.

GRAND CAYMAN, November 04, 2022 (Globe Newswire) — Oxbridge Acquisition Corp. (“Oxbridge” or “Firm”) (Nasdaq: “OXACU” for models, “OXAC” for odd shares and “OXACW” for warrants) . Introduced the completion of a definitive proxy assertion of October 21, 2022 (“Extension Proxy Assertion”) to carry an Extraordinary Basic Assembly of Shareholders (“EGM”) on November 9, 2022 to approve the extension of the The date by which Oxbridge should conclude an preliminary enterprise mixture is on or earlier than August 16, 2023 (“Prolonged Date”) (“Constitution Extension”).” Oxbridge accomplished the mailing of the Extension Proxy Assertion on October 24, 2022.

After submitting an extension proxy assertion with the SEC, the corporate was knowledgeable that it could be eligible to make use of another authorized funding supervisor contingent upon the incidence of a constitution extension, and this might have an effect on the quantity of redemption out there in respect of 1. can. Enterprise mixture by firm. If 25% of the corporate’s public shares stay excellent after redemption in reference to a constitution extension, the whole redemption quantity that will be out there in reference to a enterprise mixture or liquidation is at the moment estimated to be roughly $10.74 per share by the prolonged date. . Based mostly on using the choice funding supervisor and anticipated rates of interest in comparison with the present redemption quantity of roughly $10.21 per share. If 90% of the Firm’s public shares stay excellent after redemption in reference to the enlargement, the whole redemption quantity out there in reference to the enterprise mixture or liquidation is at the moment estimated to be roughly $11.05 per share by the prolonged date. Based mostly on using the choice funding supervisor and anticipated rates of interest in comparison with the present redemption quantity of roughly $10.21 per share.

about Oxbridge Acquisition Company

Oxbridge Acquisition Company is an included clean examine firm fashioned for the aim of effecting a merger, capital inventory change, asset acquisition, inventory buy, restructuring or comparable enterprise mixture with a number of companies.

forward-looking statements

This press launch accommodates sure statements that are to be deemed “forward-looking statements” throughout the which means of, and are to be coated by, the protected harbor provisions contained in part 27A of the Securities Act 1933, as amended, and part 21E. In keeping with the modification of the Securities Trade Act of 1934. Such forward-looking statements typically discuss with using the phrases “could,” “will,” “ought to,” “anticipate,” “estimate,” “estimate,” “imagine,” “intend,” “challenge,” might be acknowledged from. “Proceed,” or different comparable phrases or situations, embrace, with out limitation, statements concerning the estimates and assumptions used within the calculation of our estimated post-charter extension redemption quantity per share as of the prolonged date. These forward-looking statements could fluctuate and elements comparable to, with out limitation, uncertainties regarding Oxbridge’s approval of a shareholder extension, the shortcoming to finish an preliminary enterprise mixture throughout the required time interval, rate of interest fluctuations, Lows or different dangers and uncertainties are indicated. in filings with the SEC on occasion, together with Oxbridge’s Annual Report on Kind 10-Ok for the fiscal 12 months ended December 31, 2021 beneath the heading “Threat Elements” and different Oxbridge experiences filed or to be filed with the SEC paperwork are included. , Readers are cautioned to not place undue reliance on any forward-looking statements, which converse solely as of the date made. Oxbridge expressly disclaims any obligation or endeavor to publicly launch any updates or revisions, together with any modifications to Oxbridge’s expectations or mirror any change in occasions, situations or circumstances To make any assertion relies.

participant in solicitation

Underneath SEC guidelines, Oxbridge and its administrators, govt officers, different members of administration and workers could also be thought-about individuals in a behind-the-scenes solicitation from Oxbridge safety holders in favor of approval of the extension. Buyers and safety holders can discover out extra detailed details about the names, affiliations and pursuits of Oxbridge’s administrators and officers within the Extension Proxy Assertion, which might be obtained freed from cost from the sources listed above.

no supply or solicitation

This press launch is not going to represent a proxy, solicitation of consent or authorization in respect of or in relation to any securities. This communication shall not represent a proposal to promote or solicit any securities, nor shall the sale of securities in any State or jurisdiction during which such supply, solicitation or sale shall be illegal previous to registration or qualification of such beneath the securities legal guidelines of any jurisdiction. No supply of securities shall be made besides within the prospectus or exemptions there from which fulfill the necessities of part 10 of the Securities Act.

Extra Data and The place to Discover It

Oxbridge urges traders, stockholders and different people to learn the Extension Proxy Assertion as soon as out there, in addition to different paperwork filed by Oxbridge with the SEC, as these paperwork will include necessary details about Oxbridge and the Extension. When out there, shareholders could get hold of copies of the Extension Proxy Assertion at no cost on the SEC’s web site at www.sec.gov or by directing the request to: Oxbridge Acquisition Corp., PO Field 469, Suite 201, 42 Edward Avenue, Georgetown , Grand Cayman, Cayman Islands.

Investor Relations Liaison

Jai Madhu
Oxbridge Acquisition Corp.
c/o OAC Sponsors Ltd.
Suite 201, 42 Edward Avenue

Georgetown, Cayman Islands
Tel: +1 (345) 749-7568

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