Company: OXBRW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001493152-25-021063
Chunk: 90

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 90
---
 Agent a commission equal
to 3.0% of the gross proceeds of the Ordinary Shares sold by the Sales Agent pursuant to the Offering Agreement.

On
July 9, 2025, the Company entered into a new offering agreement (“New Offering Agreement”) with the Sales Agent, pursuant
to which the Company could offer and sell, from time to time, through the Sales Agent up to $5 million of the Company’s Ordinary
Shares. The expiration date of the New Offering Agreement is the earlier of (i) the issuance and sale of the Ordinary Shares having an
aggregate offering price equal to $5 million, or (ii) the termination of the Offering Agreement by either the Sales Agent or the Company,
in each such party’s sole discretion, upon the provision of thirty (30) days’ written notice. The Company will pay the Sales
Agent a commission equal to 3.0% of the gross proceeds of the Ordinary Shares sold by the Sales Agent pursuant to the New Offering Agreement.
The New Offering Agreement replaced our prior sales agreement dated September 30, 2022 with the Sales Agent pursuant to which the Company
sold Ordinary Shares having an aggregate sales price of $4.6 million.

Sales
of the Ordinary Shares under the Offering Agreement, if any, may be made in transactions that are deemed to be “at-the-market”
offerings as defined in Rule 415 under the Securities Act of 1933, as amended, including without limitation sales made directly on or
through the Nasdaq Capital Market or any other existing trading market for the Ordinary Shares. The Sales Agent will use commercially
reasonable efforts consistent with its normal trading and sales practices to sell the Ordinary Shares from time to time, based upon instructions
from the Company (including any price, time or amount limits the Company may impose). The Company is not obligated to make any sales
under the Offering Agreement.

The
Ordinary Shares were registered pursuant to the Company’s shelf registration statement on Form S-3 (File No. 333-262590), and offerings
of the Ordinary Shares were made only by means of a prospectus supplement.

During
the period ended September 30, 2025, we have sold 287,915 ordinary shares under the ATM program for gross proceeds of $900,531 at an
average price of $3.13 per share. After deducting commissions related to the ATM offering of $27,016, the net proceeds we received from
the transactions were $873,515. The proceeds from the