---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-027209"
form_type: "8-K"
ticker: "JTAI"
cik: "0001861622"
company_name: "Jet.AI Inc."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T02:55:30.526052+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-027209
- form_type: 8-K
- ticker: JTAI
- cik: 0001861622
- company_name: Jet.AI Inc.
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 5.02, 5.07, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1861622/000149315223027209/0001493152-23-027209-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1861622/000149315223027209/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-027209
- JSON: https://secwatch.observer/filing/0001493152-23-027209.json
- Plain text: https://secwatch.observer/filing/0001493152-23-027209.txt

## Key facts
- Executive change
  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
  source text: 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”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1861622/000149315223027209/0001493152-23-027209-index.htm
- Executive change
  George Murnane was appointed as interim Chief Financial Officer at Jet.AI Inc..
  - Action: appointed
  - Role: interim Chief Financial Officer
  source text: and George Murnane will serve as Jet.AI’s interim Chief Financial Officer (“CFO”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1861622/000149315223027209/0001493152-23-027209-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.