Company: OXBRW
Filing Date: 2025-02-26
Form Type: 8-K
Source: 0001493152-25-008296
Chunk: 1

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-02-26
Form: 8-K
Item: Item 1.01
Chunk 1
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 being offered and sold pursuant to the Company’s Registration Statement on Form S-3 (Registration No. 333-262590)
previously filed with the Securities and Exchange Commission (the “ SEC”) and declared effective, the base prospectus included
therein and the related prospectus supplement. The Warrants were issued in a private placement and were exempt from registration
under the Securities Act of 1933, as amended (the “ Securities Act”), in reliance on Section 4(a)(2) thereof as a transaction
not involving a public offering and/or Rule 506 of Regulation D promulgated thereunder. The Company has agreed to file a registration
statement providing for the resale by the Investors of the ordinary shares issuable upon exercise of the Warrants within 60
days of the date of the Securities Purchase Agreement.

The
Company has agreed to hold an annual or special meeting on or before June 30, 2025, to
have shareholders approve the issuance of the ordinary shares underlying the Series B Warrants
at the combined effective offering price of $4.25 pursuant
to applicable Nasdaq rules.

The
Company will pay the Placement Agent a cash fee of 6.0% of the gross proceeds from the Offering and reimburse the Placement Agent for
its expenses, including the reimbursement of legal fees up to an aggregate of $45,000.

The
foregoing summaries of the terms of the Securities Purchase Agreement, the Warrants, and the Placement Agency Agreement are subject to,
and qualified in their entirety by, the forms of such documents attached hereto as exhibits and incorporated herein by reference. Each
of the Securities Purchase Agreement and the Warrants contains representations and warranties that the respective parties made to, and
solely for the benefit of, the other parties thereto in the context of all of the terms and conditions of those agreements and in the
context of the specific relationship between the parties. The provisions of the Securities Purchase Agreement, including the representations
and warranties contained therein, are not for the benefit of any party other than the parties to such agreement or as stated therein
and are not intended as a document for investors and the public to obtain factual information about the current state of affairs of the
parties to the documents and agreements. Rather, investors and the public should look to other disclosures contained in the Company’s
filings with the SEC.

Maples
and Calder (Cayman) LLP, Cayman Islands counsel to the Company, has issued a legal opinion relating to the ordinary