Company: OBA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075674
Chunk: 133

Company: Oxley Bridge Acquisition Ltd
Filing Date: 2025-08-13
Form: 10-Q
Item: Part II, Item 1A
Chunk 133
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 Rights Agreement, (iv) the
Private Placement Warrants Purchase Agreements, and (v) the Administrative Services Agreement. These agreements contain various
provisions that our Public Shareholders might deem to be material. For example, our Letter Agreement and the Underwriting Agreement
contain certain lock-up provisions with respect to the Founder Shares and other securities held by our Sponsor, officers and
directors, subject to certain exceptions. Amendments or waivers to such agreements would require the consent of the applicable
parties thereto and, in certain cases, the consent of the underwriters of the Initial Public Offering. Any such modification, such
as an amendment to shorten lock-up restrictions, may benefit our Initial Shareholders, Sponsor, officers and/or directors. Any such
amendments would not require approval from our shareholders, may result in the completion of our initial Business Combination that
may not otherwise have been possible, and may have an adverse effect on the value of an investment in our securities. For example,
although we would not amend lock-up provisions to permit securities held by our Sponsor to be freely sold prior to our initial
Business Combination, we may amend such provisions to permit them to be freely sold after the Business Combination earlier than they
would otherwise be permitted, which may have an adverse effect on the price of our securities.

23

Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds.

Unregistered Sales of Equity Securities 

Simultaneously with the closing of the Initial
Public Offering and pursuant to the Private Placement Warrants Purchase Agreements, we completed the sale of an aggregate of 6,400,000
Private Placement Warrants to the Sponsor and Cantor in the Private Placement at a purchase price of $1.00 per Private Placement Warrant,
generating gross proceeds to us of $6,400,000. Of those 6,400,000 Private Placement Warrants, the Sponsor purchased 4,200,000 Private
Placement Warrants and Cantor purchased 2,200,000 Private Placement Warrants. The Private Placement Warrants (and underlying securities) are
identical to the Public Warrants, except as otherwise disclosed in the IPO Registration Statement. No underwriting discounts or commissions
were paid with respect to such sale. The issuance of the Private Placement Warrants was made pursuant to the exemption from registration
contained in Section 4(a)(2) of the Securities Act.

Use of Proceeds

On June 26, 2025, we
consumm