Company: OBA
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109993
Chunk: 40

Company: Oxley Bridge Acquisition Ltd
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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 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 of the base Initial Public Offering held in the Trust Account and 6.50%
of the gross proceeds sold pursuant to the Over-Allotment Option, which equates to $12,045,000 in the aggregate following the full
exercise of the Over-Allotment Option and is payable to the Underwriters, upon the completion of the initial Business Combination subject
to the terms of the Underwriting Agreement.

Registration Rights

The holders of (i) the Founder Shares, (ii) the
Private Placement Warrants and (iii) any private placement equivalent warrants issued in connection with the Working Capital Loans, if
any (and in each case holders of their underlying securities, as applicable) are entitled to registration rights pursuant to the Registration
Rights Agreement, requiring us to register such securities for resale (in the case of the Founder Shares, only after conversion to our
Class A Ordinary Shares). The holders of the majority of these securities are entitled to make up to three demands, excluding short form
demands, that we register such securities. In addition, the holders have certain “piggy-back” registration rights with respect
to registration statements filed subsequent to the consummation of a Business Combination and rights to require us to register for resale
such securities pursuant to Rule 415 under the Securities Act. Cantor may only make a demand on one occasion and only during the five-year
period beginning on the effective date of the IPO Registration Statement. In addition, Cantor may participate in a “piggy-back”
registration only during the seven-year period beginning on the effective date of the IPO Registration Statement. We will bear the expenses
incurred in connection with the filing of any such registration statements.

Letter Agreement

Our Sponsor, directors and officers have entered
into the Letter Agreement with us, pursuant to