Jet.AI And Oxbridge Acquisition Corp. Announce Shareholder Approval Of Business Combination
Portfolio Pulse from Happy Mohamed
Oxbridge Acquisition Corp (OXAC) and Jet Token inc. (JTAI) have announced that their previously proposed business combination has been approved by Oxbridge's shareholders, with 99.99% of votes in favor. The companies will now work towards completing the merger as soon as possible, subject to satisfying all remaining closing conditions.
August 08, 2023 | 12:54 pm
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POSITIVE IMPACT
Jet Token inc.'s proposed merger with Oxbridge Acquisition Corp has been approved by Oxbridge's shareholders. The companies will now work towards completing the merger.
The approval of the merger by Oxbridge's shareholders is a positive development for Jet Token inc. This could potentially lead to a positive impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Oxbridge Acquisition Corp's shareholders have approved the merger with Jet Token inc., paving the way for the completion of the business combination.
The approval of the merger by Oxbridge's shareholders removes a significant hurdle in the completion of the business combination. This could potentially lead to a positive impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100