OCAC
Industry:
Capital Markets

DESCRIPTION

Oxbridge Acquisition is a special purpose acquisition company formed to merge with or acquire a private business to take it public. The company has no commercial operations or revenue, holding its initial public offering proceeds in a trust account invested in U.S. Treasuries and money market funds. Under its business model, Oxbridge has a 12-month window to identify and complete a transaction. Its sponsor, SB Capital Holding, holds low-cost founder shares that become valuable only upon a completed merger, while public shareholders hold shares redeemable at trust value along with warrants and rights for post-merger upside. If Oxbridge fails to complete a deal within 12 months, the trust liquidates and returns funds to public shareholders, leaving sponsor equity worthless. Oxbridge pursues a broad acquisition strategy across all industries and geographies, targeting established businesses with recurring revenue, strong cash flow, and growth potential that benefit from public listing.

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