Company: OBA
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109993
Chunk: 96

Company: Oxley Bridge Acquisition Ltd
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 2
Chunk 96
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 date that the unaudited condensed financial statements and the notes thereto included in this
Report under Item 1. “Financial Statements” are issued, as we expect to continue to incur significant costs in pursuit of
our acquisition plans. In addition, Management has determined that if we are unable to complete an initial Business Combination within
the Combination Period, then we will cease all operations except for the purpose of liquidating. These conditions raise substantial doubt
about our ability to continue as a going concern. Management plans to consummate an initial Business Combination prior to the end of the
Combination Period. No adjustments have been made to the carrying amounts of assets or liabilities should we be required to liquidate
after June 26, 2027. There can be no assurance that our plans to raise capital or to consummate an initial Business Combination will be
successful.

22

Contractual Obligations

We do not have any long-term debt, capital lease
obligations, operating lease obligations or long-term liabilities, other than as follows;

Administrative Services Agreement

Commencing on June 26, 2025, and until the completion
of our Business Combination or liquidation, we reimburse an affiliate of the Sponsor $12,500 per month for office space, utilities, and
secretarial and administrative support pursuant to the Administrative Services Agreement. As of September 30, 2025 and December 31, 2024,
there was $12,083 and $0, respectively, due to related party pursuant to the Administrative Services Agreement. For the three and nine
months ended September 30, 2025, we incurred $39,583 and $37,500, respectively, in fees for these services, of which such amount is included
in accrued expenses in the condensed balance sheets of the financial statements included in this Report under Item 1. “Financial
Statements”.

Underwriting Agreement

We granted the Underwriters a 45-day option from
the date of the Initial Public Offering to purchase up to an additional 3,300,000 Option Units to cover over-allotments, if any. On June
26, 2025, the Underwriters fully exercised their Over-Allotment Option.

The Underwriters were paid a cash underwriting
discount of $4,400,000 (2.0% of the gross proceeds of the Units offered in the Initial Public Offering). Additionally, the Underwriters
are entitled to the Deferred Fee of 4.50% of the gross proceeds