Oxbridge Acquisition Corp. (OXACU) Prices $100M IPO


Oxbridge Acquisition Corp. (OXACU) Prices $100M IPO

Aug 11, 2021 IPOs by Marlena Haddad

Oxbridge Acquisition Corp. announced the pricing of its $100 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “OXACU”, Thursday, August 12.

The new company intends to combine with a global target that has a current enterprise value in excess of $300 million. Oxbridge is led by CEO, President, and Chairman Jay Madhu and CFO, Treasurer, and Secretary Wrendon Timothy.

Total SPAC deal count for 2021 year-to-date is now 405. This offering is expected to close on Monday, August 16.

Maxim Group LLC is acting as the sole book-running manager for the offering. Foley & Lardner LLP is serving as Issuer’s Counsel with Sheppard, Mullin, Richter & Hampton LLP serving as Underwriter’s Counsel. Hacker, Johnson & Smith P.A. serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.