Oxbridge Acquisition in a proxy filing seeks another six month to complete its proposed merger with Jet Token, a private aviation booking and membership platform that supports fractional aircraft ownership.
The SPAC’s current deadline runs out Aug. 16, although if the latest proposal is approved, the runway would extend to Feb. 16, 2024.
Oxbridge currently holds just over $13 million in trust after raising $115 million in an IPO nearly two years ago.
The Jet Token deal was valued at $45 million when annunced in February. Read more.
