We currently intend to concentrate our acquisition efforts on business merger targets within InsurTech (as defined below) and blockchain technology sectors where we believe our experience and access to public markets can be a catalyst for accelerating growth. While we may pursue a business combination outside of that sector or industry, including financial technologies, real estate, clean energy and tech-enabled business opportunities, we believe a focus on InsurTech and disruptive blockchain technologies best combines the expertise and experience of our sponsor management and advisory team and provides us with a competitive advantage in a sector that offers attractive investment opportunities. Overall, we will seek to acquire established businesses that we believe are fundamentally sound but potentially in need of access to capital, or financial, operational, strategic or managerial support, to maximize value. (Incorporated in the Cayman Islands)

Our sponsor, OAC Sponsor Ltd., is a minority-owned subsidiary of Oxbridge Re. Oxbridge Re is a publicly listed reinsurance holding company, based in the Cayman Islands that provides reinsurance primarily to Florida based insurers through its licensed reinsurance subsidiaries, Oxbridge Reinsurance Limited and Oxbridge Re NS.

We broadly define the insurance sector (or insurance-related services and companies) to include, but not be limited to InsurTech companies, including those with fully developed or developing proprietary technology; insurance and/or reinsurance carriers in any sector, including property-casualty, life, annuity, health, mortgage, title and fronting companies; insurance service providers, and insurance distribution companies.