Company: OBA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075674
Chunk: 77

Company: Oxley Bridge Acquisition Ltd
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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 Combination. These
conditions raise substantial doubt about our ability to continue as a going concern for a period of time within one year from the date
that the unaudited condensed financial statements and the notes thereto included in this Report under “Item 1. Financial Statements”
are issued.

Contractual Obligations

We do not have any long-term debt, capital lease
obligations, operating lease obligations or long-term liabilities as of June 30, 2025.

IPO Promissory Note

The Sponsor agreed to loan us an aggregate of
up to $300,000 to be used for a portion of the expenses of the Initial Public Offering pursuant to the IPO Promissory Note. The IPO Promissory
Note was non-interest bearing, unsecured and due at the earlier of December 31, 2025 or the closing of the Initial Public Offering. As
of June 26, 2025, we had borrowed $242,318 under the IPO Promissory Note. On June 26, 2025, we paid $267,627 to the Sponsor, resulting
in an overpayment of $25,309 that is recorded as a related party receivable. The IPO Promissory Note was non-interest bearing and no amounts
are outstanding as of June 30, 2025. Borrowings under the IPO Promissory Note are no longer available.

Administrative Services Agreement

Commencing on the June 26, 2025, we entered into
the “Administrative Services Agreement with an affiliate of the Sponsor to pay an aggregate of $12,500 per month for office space,
utilities, and secretarial and administrative support. Upon completion of the initial Business Combination or our liquidation, we will
cease paying the $12,500 per month fee.

As of June 30, 2025 and December 31, 2024, there
was $2,083 and $0, respectively, due to related party pursuant to the Administrative Services Agreement. We incurred $2,083 for the three
and six months ended June 30, 2025.

Underwriting Agreement

We granted the underwriters of the Initial Public
Offering 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