Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 485

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1A
Chunk 485
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bridge Re’s reinsurance subsidiary, Oxbridge Re NS, for the 2024-2025 treaty year. The Participation Shares are not shares in
SurancePlus have no preemptive right or conversion rights. The Participation Shares solely conferred contractual rights against SurancePlus
as contained in the PSIC.

Subsequent
to year end, the Company and its indirect 80% owned subsidiary SurancePlus Inc , announced the commencement of an offering by SurancePlus
of Participation Shares (the “Securities”) represented by digital tokens to be issued under a 3-year Participation Share
Investment Contract (the “PSIC”). The Participation Shares are not shares in SurancePlus and shall have no preemptive right
or conversion rights. The Participation Shares solely conferred contractual rights against SurancePlus as contained in the PSIC. At the
offering’s commencement, up to one million (1,000,000) Participation Shares will be issued, represented by digital tokens labelled
“ZetaCat Re” and “EtaCat Re”. The quantity of Participation Shares to be issued in subsequent years of 2026,
and 2027, shall be disclosed prior to their issuances. At the start of the offering, the Participation Shares will be offered at an initial
price of $10.00 per Participation Share

The
Securities have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state or
other securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable
exemption from registration requirements or a transaction not subject to the registration requirements of the Securities Act or any state
or other securities laws. The Securities were sold in a transaction exempt from registration under the Securities Act and were sold only
to persons reasonably believed to be accredited investors in the United States under SEC Rule 506(c) under the Securities Act and outside
the United States only to non-U.S. persons in accordance with Regulation S under the Securities Act.

    F-16

OXBRIDGE
RE HOLDINGS LIMITED AND SUBSIDIARIES 

Notes
to Consolidated Financial Statements, Continued

The
selected unconsolidated historical financial information and other data presented below is derived from SurancePlus’
standalone unaudited financial statements for years ended December 31, 2024 and 2023 and the balance sheet data as of December 31,
2024 and 2023.

 SCHEDULE OF FINANC