Recent Financial Moves by Oxbridge Re Holdings
Oxbridge Re Holdings Limited has made significant strides in enhancing its financial position through a recently announced $3.0 million registered direct offering, along with a concurrent private placement of securities. This initiative underscores the company’s commitment to unlocking capital for further growth.
Details of the Offering
The Cayman Islands-based company, which specializes in the innovative sector of tokenized Real-World Assets, revealed that it has engaged in a securities purchase agreement with a single institutional investor. This deal includes the issuance of 705,884 ordinary shares in a registered direct offering and additional Series A and Series B Warrants.
Understanding the Warrants
The Series A Warrants allow investors to purchase shares at an exercise price of $4.25 per share and are effective immediately, expiring two years post-issuance. Conversely, the Series B Warrants will be exercisable either upon shareholder approval or six months from the date of issuance, with a five-year expiration period. The pricing mechanism for these warrants is designed to provide flexibility and security for investors.
Financial Proceeds and Closing Expectations
The gross proceeds from this offering are anticipated to be around $3.0 million, although the final amount may vary after accounting for placement agent fees and other expenses. The anticipated closing date for the offering is aimed for shortly, contingent upon standard closing conditions, allowing the funds to be utilized swiftly for the company’s strategic initiatives.
Maxim Group's Role in the Offering
Maxim Group LLC has taken on the role of sole placement agent for this significant offering. Their expertise in managing such securities transactions adds credibility and professionalism to the process, ensuring that it runs smoothly and effectively.
Regulatory Compliance and Offer Structure
Under U.S. regulations, this offering is being conducted according to a shelf registration statement previously approved by the Securities and Exchange Commission (SEC). It provides both the structure and transparency necessary for these transactions, making them compliant with the relevant laws that govern securities offerings.
About Oxbridge Re Holdings Limited
Oxbridge Re, trading under the ticker symbols OXBR and OXBRW on NASDAQ, is at the forefront of converting traditional reinsurance into a modern format through tokenization. The company’s approach to Real-World Assets facilitates property and casualty insurers, particularly within the Gulf Coast region of the U.S., by offering innovative insurance solutions.
The company's subsidiary, SurancePlus Inc., has notably developed the first on-chain reinsurance RWA, thereby democratizing access to reinsurance as an investment vehicle for both domestic and international investors.
Company Contact Information
For additional information regarding this offering or other inquiries, interested parties can reach out directly to:
Oxbridge Re Holdings Limited
Jay Madhu, CEO
+1 345-749-7570
jmadhu@oxbridgere.com
Frequently Asked Questions
What is the purpose of Oxbridge Re's recent offering?
The offering aims to secure capital to enhance growth opportunities, primarily in the area of tokenized Real-World Assets.
Who is involved in facilitating the offering?
Maxim Group LLC is acting as the sole placement agent for this securities offering.
What type of warrants are offered in this agreement?
The offering includes Series A and Series B Warrants, which allow the purchase of additional ordinary shares at predetermined prices.
When is the expected closing date for the offering?
The offering is anticipated to close shortly, around the end of February, pending standard closing conditions.
How can investors learn more about the offering?
Interested investors can access detailed information from the SEC website or contact Oxbridge Re directly for inquiries.
