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.