Company: OBA
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109993
Chunk: 77

Company: Oxley Bridge Acquisition Ltd
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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-7 of the Investment Company Act, or (iii) as cash or cash items (including
in demand deposit accounts) at a bank as determined by us, until the earlier of: (x) the completion of the Business Combination and
(y) the distribution of the Trust Account, as described below.

20

We have until June 26, 2027 (24 months from the
closing of the Initial Public Offering), or until such earlier liquidation date as our Board may approve or such later date as our shareholders
may approve pursuant to the Amended and Restated Articles, to consummate the Business Combination. If we are unable to complete the Business
Combination by the end of the Combination Period, we will (i) cease all operations except for the purpose of winding up, (ii) as promptly
as reasonably possible, but not more than ten business days thereafter, redeem the Public Shares, at a per-share price, payable in cash,
equal to the aggregate amount then on deposit in the Trust Account including interest earned on the funds held in the Trust Account and
not previously released to us to pay taxes, if any, divided by the number of then outstanding Public Shares, which redemption will completely
extinguish Public Shareholders’ rights as shareholders (including the right to receive further liquidating distributions, if any),
subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of our remaining
shareholders and our Board, dissolve and liquidate, subject, in each case, to our obligations under Cayman Islands law to provide for
claims of creditors and the requirements of other applicable law.

We may seek to extend the Combination Period consistent
with applicable laws, regulations and stock exchange rules by amending our Amended and Restated Articles. Any such amendment would require
the approval of our Public Shareholders, who will be provided the opportunity to redeem all or a portion of their Public Shares in connection
with the vote on such approval. Such redemptions will decrease the amount held in our Trust Account and our capitalization, and may affect
our ability to maintain our listing on Nasdaq. In addition, the Nasdaq Rules currently require SPACs (such as us) to complete their initial
Business Combination in accordance with the Nasdaq 36-Month Requirement. If we do not meet the Nasdaq 36-Month Requirement, our securities
will likely be subject to a suspension of trading and delisting from Nasdaq. Our Sponsor