oxbridge acquisition corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or spac, organized under the laws of the cayman islands and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. while the company may pursue an initial business combination target in any business, industry or geographical location, it intends to focus its search on a technology business within the insurtech, blockchain and artificial intelligence verticals, with enterprise value in excess of $300 million. the company is led by jay madhu, its chairman & ceo and wrendon timothy, its cfo, secretary, treasurer and director.
Company profile
Ticker
JTAI, JTAIW, JTAIZ
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Oxbridge Acquisition Corp.
SEC CIK
JTAI stock data
Latest filings (excl ownership)
PRE 14A
Preliminary proxy
22 Apr 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
19 Apr 24
D
$1.50 mm in equity / options / securities to be acquired, sold $1.50 mm, 1 investor
11 Apr 24
10-K
2023 FY
Annual report
1 Apr 24
8-K
Entry into a Material Definitive Agreement
24 Jan 24
8-K
Entry into a Material Definitive Agreement
17 Jan 24
8-K
Entry into a Material Definitive Agreement
2 Jan 24
424B3
Prospectus supplement
22 Dec 23
EFFECT
Notice of effectiveness
22 Dec 23
CORRESP
Correspondence with SEC
20 Dec 23
Latest ownership filings
SC 13G
Ionic Capital Management LLC
14 Feb 24
SC 13G/A
Owl Creek Asset Management, L.P.
5 Feb 24
4
PATRICK MCNULTY
28 Sep 23
4
GEORGE MURNANE III
28 Sep 23
3
DONALD JEFFREY WOODS
24 Aug 23
4
RAN DAVID
23 Aug 23
4
EHUD TALMOR
23 Aug 23
4
PATRICK MCNULTY
23 Aug 23
4
MICHAEL D. WINSTON
23 Aug 23
4
GEORGE MURNANE III
23 Aug 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cost of revenue | |||||
Operating income | |||||
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 903.91 k | 903.91 k | 903.91 k | 903.91 k | 903.91 k | 903.91 k |
Cash burn (monthly) | (no burn) | (no burn) | 1.43 mm | 36.15 k | 850.93 k | 297.21 k |
Cash used (since last report) | n/a | n/a | 9.80 mm | 247.70 k | 5.83 mm | 2.04 mm |
Cash remaining | n/a | n/a | -8.90 mm | 656.21 k | -4.93 mm | -1.13 mm |
Runway (months of cash) | n/a | n/a | -6.2 | 18.2 | -5.8 | -3.8 |
Institutional ownership, Q2 2023
59.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 35 |
Opened positions | 11 |
Closed positions | 4 |
Increased positions | 5 |
Reduced positions | 6 |
13F shares | Current |
---|---|
Total value | 16.89 bn |
Total shares | 7.26 mm |
Total puts | 0.00 |
Total calls | 100.00 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
MMCAP International Inc. SPC | 990.00 k | $44.65 mm |
Periscope Capital | 705.50 k | $1.18 bn |
Hudson Bay Capital Management | 663.55 k | $29.93 mm |
Polar Asset Management Partners | 600.00 k | $27.06 mm |
Mangrove Partners | 500.00 k | $5.44 bn |
Rivernorth Capital Management | 447.25 k | $1.63 bn |
CVI | 410.61 k | $18.52 mm |
Yakira Capital Management | 397.81 k | $17.94 mm |
EHP Funds | 340.51 k | $15.36 mm |
Walleye Capital | 322.97 k | $1.57 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
22 Sep 23 | George Murnane Iii | Stock Option Common Stock, par value $0.0001 per share | Grant | Acquire A | No | No | 2.5 | 150,000 | 375.00 k | 1,179,888 |
22 Sep 23 | Patrick Mcnulty | Stock Option Common Stock, par value $0.0001 per share | Grant | Acquire A | No | No | 2.5 | 50,000 | 125.00 k | 120,006 |
10 Aug 23 | George Murnane Iii | COMMON STOCK, PAR VALUE $0.0001 PER SHARE | Grant | Acquire A | No | No | 0 | 4 | 0.00 | 4 |
10 Aug 23 | George Murnane Iii | MERGER CONSIDERATION WARRANT COMMON STOCK, PAR VALUE $0.0001 PER SHARE | Grant | Acquire A | No | No | 15 | 6 | 90.00 | 6 |
10 Aug 23 | George Murnane Iii | STOCK OPTION COMMON STOCK, PAR VALUE $0.0001 PER SHARE | Grant | Acquire A | No | No | 10.42 | 30,945 | 322.45 k | 30,945 |
10 Aug 23 | George Murnane Iii | STOCK OPTION COMMON STOCK, PAR VALUE $0.0001 PER SHARE | Grant | Acquire A | No | No | 10.42 | 371,343 | 3.87 mm | 371,343 |
10 Aug 23 | George Murnane Iii | STOCK OPTION COMMON STOCK, PAR VALUE $0.0001 PER SHARE | Grant | Acquire A | No | No | 4.17 | 388,800 | 1.62 mm | 388,800 |
10 Aug 23 | George Murnane Iii | STOCK OPTION COMMON STOCK, PAR VALUE $0.0001 PER SHARE | Grant | Acquire A | No | No | 0.83 | 194,400 | 161.35 k | 194,400 |
10 Aug 23 | George Murnane Iii | STOCK OPTION COMMON STOCK, PAR VALUE $0.0001 PER SHARE | Grant | Acquire A | No | No | 0.83 | 194,400 | 161.35 k | 194,400 |
10 Aug 23 | Michael D. Winston | COMMON STOCK, PAR VALUE $0.0001 PER SHARE | Grant | Acquire A | No | No | 0 | 2,561,651 | 0.00 | 2,561,651 |
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