Oxbridge Acquisition today announced that its shareholders voted in favor of combining with Jet Token, a private aviation booking and membership platform that supports fractional aircraft ownership.
The SPAC said 99.99% of the votes cast were in support of the business combination.
The parties said they will now look to complete the business combination as soon as possible subject to the satisfaction of all remaining closing conditions.
Redemptions had whittled the Oxbridge trust down to about $527,000 after the blank-check company raised $115 million in an IPO two years ago. The SPAC in a regulatory filing earlier this week announced a forward purchase agreement in which Meteora funds will buy up to 1,186,952 Class A shares. Read more.
