Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 440

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1A
Chunk 440
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LLC, as sales agent (the “Sales Agent”), pursuant to which the Company could offer and sell, from time to time, through the
Sales Agent up to $6,300,000 of the Company’s ordinary shares, $0.001 par value (“Ordinary Shares”). The expiration
date of the Offering Agreement is the earlier of (i) the issuance and sale of the Ordinary Shares having an aggregate offering price
equal to $6,300,000, or (ii) the termination of the Offering Agreement by either the Sales Agent or the Company, in each such party’s
sole discretion, upon the provision of thirty (30) days’ written notice. The Company will pay the Sales Agent a commission equal
to 3.0% of the gross proceeds of the Ordinary Shares sold by the Sales Agent pursuant to the Offering Agreement.

Sales
of the Ordinary Shares under the Offering Agreement, if any, may be made in transactions that are deemed to be “at-the-market”
offerings as defined in Rule 415 under the Securities Act of 1933, as amended, including without limitation sales made directly on or
through the Nasdaq Capital Market or any other existing trading market for the Ordinary Shares. The Sales Agent will use commercially
reasonable efforts consistent with its normal trading and sales practices to sell the Ordinary Shares from time to time, based upon instructions
from the Company (including any price, time or amount limits the Company may impose). The Company is not obligated to make any sales
under the Offering Agreement.

The
Ordinary Shares were registered pursuant to the Company’s shelf registration statement on Form S-3 (File No. 333-262590), and offerings of the Ordinary Shares will be made only by means of a prospectus supplement.

For
the year ended December 31, 2024, we have sold 372,341 ordinary shares under the ATM program for gross proceeds of $1,166,044 at an average
price of $3.13 per share. After deducting commissions related to the ATM offering of $34,981, the net proceeds we received from the transactions
were $1,131,063. The proceeds from the ATM sales are being used for general corporate purposes.

Subsequent
to December 31, 2024, we have sold 97,715 ordinary shares under the ATM program for gross proceeds of $448,858 at an average price of
$4.59 per share. After deducting commissions related to the ATM offering of $