Company: OBA
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109993
Chunk: 93

Company: Oxley Bridge Acquisition Ltd
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 2
Chunk 93
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 income in the form of interest income
on investments held in the Trust Account after the Initial Public Offering. We expect to incur increased expenses as a result of being
a public company (for legal, financial reporting, accounting and auditing compliance, among other things), as well as for due diligence
expenses.

For the three months ended September 30, 2025, we had net income of $2,434,270, which consisted of income on investments held in the Trust
Account of $2,644,418 and dividend income of $8,926, offset by formation, general and administrative expenses of $181,574 and administrative
expenses – related party of $37,500.

For the nine months ended September 30, 2025, we had net income of $2,443,288, which consisted of income on investments held in the Trust
Account of $2,759,767 and dividend income of $8,926, offset by formation, general and administrative expenses of $285,822 and administrative
expenses – related party of $39,583. For the period from August 6, 2024 (inception) through September 30, 2024, we had net loss
of $45,412, which consisted of formation, general and administrative expenses.

Liquidity, Capital Resources and Going Concern

Following the Initial Public Offering, including
the full exercise of the Over-Allotment Option, and the Private Placement, a total of $253,000,000 was initially placed in the Trust Account.
We incurred fees of $16,987,383, consisting of $4,400,000 of cash underwriting fee, the Deferred Fee of $12,045,000 and $542,383 of other
offering costs.

For the nine months ended September 30, 2025,
net cash used in operating activities was $336,339. Net income of $2,443,288 was adjusted by general and administrative expenses paid
by the Sponsor under the IPO Promissory Note of $41,811, $2,759,767 of income on investments in Trust Account, and $61,671 changes in
operating assets and liabilities. Net cash used in investing activities was $253,000,000 related to the funding of the Trust Account.
Net cash provided by financing activities was $254,426,441 related to $248,600,000 of net proceeds from the issuance of Ordinary Shares
and $6,400,000 of proceeds