Oxbridge shareholders approve business combination with Jet.AI; close expected Aug 9

Jet.AI Inc.

99.99% of votes cast in favor; all seven proposals passed including business combination and director elections.
Expected closing August 9, 2023; post-combination entity Jet.AI Inc. to trade under JTAI, JTAIW, JTAIZ on Nasdaq.
Holders of 1,144,215 Class A shares (~88% of public float) elected redemption for ~$12.66M ($11.06/share).
Post-closing: Michael D. Winston appointed Executive Chairman and interim CEO; George Murnane as interim CFO (to become CEO later).
Incentive Plan approved, initially reserving 394,329 shares; annual evergreen up to 10% of outstanding shares.

item 5.02 item 5.07 item 7.01 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

Michael D. Winston

Executive Chairman and interim Chief Executive Officer

JTAI · Jet.AI Inc.

Filed: August 8, 2023, 7:59 PM ET

Effective upon the closing of the Business Combination, Michael D. Winston will be appointed to serve as Jet.AI’s Executive Chairman and will be appointed to serve as Jet.AI’s interim Chief Executive Officer (“CEO”)

Appointed (interim)

George Murnane

interim Chief Financial Officer

JTAI · Jet.AI Inc.

Filed: August 8, 2023, 7:59 PM ET

and George Murnane will serve as Jet.AI’s interim Chief Financial Officer (“CFO”)

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael D. Winston was appointed as Executive Chairman and interim Chief Executive Officer at Jet.AI Inc..

Action: appointed
Role: Executive Chairman and interim Chief Executive Officer

Exact text from the filing

Effective upon the closing of the Business Combination, Michael D. Winston will be appointed to serve as Jet.AI’s Executive Chairman and will be appointed to serve as Jet.AI’s interim Chief Executive Officer (“CEO”)

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

George Murnane was appointed as interim Chief Financial Officer at Jet.AI Inc..

Action: appointed
Role: interim Chief Financial Officer

Exact text from the filing

and George Murnane will serve as Jet.AI’s interim Chief Financial Officer (“CFO”)

View on SEC.gov

Jet.AI Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-027209

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