secwatch.observer — SEC 8-K summary
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Issuer:     Jet.AI Inc. (JTAI)
CIK:        0001861622
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001493152-22-032007
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oxbridge Acquisition Corp. extends deadline to Aug 2023 with sponsor loan; ~$105M in redemptions
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- Shareholders approved extending business combination deadline from Nov 16, 2022 to Aug 16, 2023.
- Sponsor OAC Sponsor Ltd. issued $575,000 non-interest promissory note to fund extension.
- 10,313,048 Class A shares redeemed at ~$10.21/share, aggregate ~$105.3M.
- Note repayment due upon consummation of business combination or liquidation; trust claims waived.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1861622/000149315222032007/0001493152-22-032007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1861622/000149315222032007/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-032007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer