Company: OXBRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023960
Chunk: 133

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 133
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, we entered into an “at the market” (ATM) sales agreement with Maxim Group LLC as our sales agent, under
which we may offer and sell from time to time up to $6.3 million of ordinary shares in negotiated transactions or transactions that are
deemed to be an ATM offering. On July 9, 2025, this sales agreement was replaced by a new sales agreement with our sales agent, under which we may offer and sell from
time to time up to $5 million of ordinary shares in negotiated transactions or transactions that are deemed to be an ATM offering.

During
the six months ended June 30, 2025, we sold 97,715 ordinary shares under the ATM program for gross proceeds of $448,858 at an average
price of $4.59 per share. After deducting commissions related to the ATM offering of $13,465, the net proceeds we received from the transactions
were $435,393. Additionally, during the quarter, the Company raised $2.7 million net of expenses from its registered direct offering.
The proceeds from the ATM sales and registered direct offering are being used for general corporate purposes.

Subsequent
to June 30, 2025, we have sold 50,000 ordinary shares under the ATM program for gross proceeds of $117,778 at an average price of $2.36
per share. After deducting commissions related to the ATM offering of $3,533, the net proceeds we received from the transactions were
$114,245. The proceeds from the ATM sales are being used for general corporate purposes.

Item
3. Defaults Upon Senior Securities

None.

Item
4. Mine Safety Disclosures

Not
applicable.

Item
5. Other Information

None.

35

Item
6. Exhibits

The
following exhibits are filed herewith:

    Exhibit
    No.
     
    Document

    31.1
     
    Certifications of the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act and Rule 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934.

    31.2
     
    Certifications of the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act and Rule 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934.

    32