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.