Company: OBA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075674
Chunk: 34

Company: Oxley Bridge Acquisition Ltd
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 money market fund that invests in U.S. Treasury securities with a maturity of 185 days or less. We intend to use substantially
all of the funds held in the Trust Account, including any amounts representing interest earned on the Trust Account (less Deferred Fees
and income taxes payable), to complete our initial Business Combination. To the extent that our capital shares or debt is used, in whole
or in part, as consideration to complete our initial Business Combination, the remaining proceeds held in the Trust Account will be used
as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.
To mitigate the risk that we might be deemed to be an investment company for purposes of the Investment Company Act, which risk increases
the longer that we hold investments in the Trust Account, we may, at any time, (based on our Management Team’s ongoing assessment
of all factors related to our potential status under the Investment Company Act) instruct the trustee to liquidate the investments held
in the Trust Account and instead to hold the funds in the Trust Account in cash or in an interest-bearing demand deposit account at a
bank

As of June 30, 2025, we had cash and cash equivalents
of $1,370,958 held outside the Trust Account. We intend to use the funds held outside the Trust Account primarily to identify and evaluate
target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar
locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective
target businesses, and structure, negotiate and complete a Business Combination.

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We may need to raise additional funds in order
to meet the expenditures required for operating our business prior to our initial Business Combination. We expect to incur significant
costs related to identifying a target business, undertaking in-depth due diligence and negotiating an initial Business 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