Oxbridge Acquisition Corp. has entered into a Forward Purchase Agreement with Meteora Capital Partners, Meteora Select Trading Opportunities Master, and Meteora Strategic Capital for OTC Equity Prepaid Forward Transactions. The agreement allows Meteora to purchase up to 1,186,952 Class A ordinary shares of Oxbridge, with the caveat that Meteora's ownership should not exceed 9.9% of the total Oxbridge shares outstanding, unless waived by Meteora.