Oxbridge Acquisition registered to offer 10 million untis for $10 each. A unit consists of one Class A ordinary share and one redeemable warrant, exercisable at $11.50.
The new SPAC will concentrate on disruptive Insurtech companies.
Oxbridge is led by Chairman, CEO and President Jay Madhu, a founder of Oxbridge Re Holdings, a Cayman Islands-based reinsurance holding company.
The underwriters have an over-allotment option to purchase up to an additional 1.5 million units.
Oxbridge has applied for a Nasdaq listing under OXACU. Read more.