Jet Token Inc. to Become Publicly Listed via Business Combination with Oxbridge Acquisition Corp. and Change Name to Jet.AI Inc.

LAS VEGAS, NEVADA and GEORGETOWN, CAYMAN ISLANDS, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Jet Token Inc. (“Jet Token” or the “Company”), a private aviation booking and membership platform, and Oxbridge Acquisition Corp. (NASDAQ: OXAC)(“Oxbridge”), a publicly-traded special purpose acquisition company (“SPAC”), today announced they have entered into a definitive business combination agreement that is expected to result in Jet Token becoming publicly listed. Upon the closing of the transaction, the combined company will be named Jet.AI Inc. and its securities are expected to be listed on Nasdaq Capital Markets. The transaction is expected to provide the Company with access to the capital markets and thereby position the Company to accelerate its AI software development and expansion of its aircraft fleet.

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