Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On June 14, 2023, Oxbridge Acquisition Corp. (the "Company") received a written
notice (the "Notice") from the Listing Qualifications Department of the Nasdaq
Stock Market ("Nasdaq") stating that the Company was not in compliance with
Listing Rule 5550(b)(2) (the "Minimum Market Value of Listed Securities" or
"MVLS"), which requires the Company to have at least $35 million market value of
listed securities for continued listing on the NASDAQ Capital Market. The Notice
similarly indicates that the Company, pursuant to the Listing Rules, has a
compliance period of 180 calendar days in which it can regain compliance.
Further, the Notice states that, if at any time during the compliance period the
Company's MVLS closes at $35 million or more for a minimum of ten consecutive
business days, Nasdaq will provide written confirmation of compliance and the
matter will be closed.
The Notice is only a notification of deficiency and not a notification of
imminent delisting, and the Notice and has no current effect on the listing or
trading of the Company's securities on the Nasdaq Capital Market. The Company
intends to take action to regain compliance with Rule 5550(b)(2) during the 180
calendar-day compliance period which expires on December 11, 2023.
© Edgar Online, source Glimpses
OXBE ACQU 
