Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 442

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1A
Chunk 442
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Company’s estimated offering expenses, are expected to be approximately $2.7 million.

The
ordinary shares are 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 paid 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.

32

PRINCIPAL
REVENUE AND EXPENSE ITEMS

Revenues

We
derive our most significant revenues from three principal sources:

    ●
    premiums assumed from reinsurance
    on property and casualty business;

    ●
    income from investments
    and unrealized gain on other investments, if any;

    ●
    income from SurancePlus
    management fees

Premiums
Assumed

Premiums
assumed include all premiums received by a reinsurance company during a specified accounting period, even if the policy provides coverage
beyond the end of the period. Premiums are earned over the term of the related policies. At the end of each accounting period, the portion
of the premiums that are not yet earned are included in the unearned premiums reserve and are realized as revenue in subsequent periods
over the remaining term of the policy. Our policies typically have a term of twelve months. Thus, for example, for a policy that is written
on July 1, 2024, typically