Dykema Guides SPAC to Successful Closing With Jet.AI
Notwithstanding all of the challenges that special purpose acquisition companies (SPAC) face in today’s business climate, many companies—SPAC or not—are finding it difficult to go public under current market conditions. Dykema’s experienced team guides SPACs and SPAC targets through the necessary steps to close transactions, launch on a public exchange, and bring in financing.
One such company is Oxbridge Acquisition Corp. In the span of several months, Dykema attorneys worked diligently to complete Oxbridge’s merger with Jet Token Inc., a private aviation booking and membership platform with an end goal of getting the combined company, Jet.AI Inc., listed and trading on Nasdaq. Talented lawyers whose practices focus on myriad areas of business law collaborated every step of the to make the combined company’s public launch a reality; including negotiation of the definitive merger agreement, conducting due diligence, handling ancillary closing documents, financing arrangements, numerous SEC filings, transfer agent process and documentation, and Nasdaq applications.
On August 11, 2023, Jet.AI celebrated in Times Square in New York City after ringing the opening Nasdaq bell to launch its public listing.