Company: OXBRW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001493152-25-021063
Chunk: 22

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 basic 
    $(0.02) 
     (0.09) 
    $(0.30) 
     (0.37)
  
    Loss per share - diluted 
    $(0.02) 
     (0.09) 
    $(0.30) 
     (0.37)

For
the three-month and nine-month periods ended September 30, 2025, 451,250 options to purchase 451,250 ordinary shares were anti-dilutive
due to the net loss during this period.

For
the three-month and nine-month periods ended September 30, 2024, 846,250 options to purchase 846,250 ordinary shares were anti-dilutive
due to the net loss during this period.

For
the three-month and nine-month periods ended September 30, 2025 and 2024, 8,230,700 warrants to purchase an aggregate of 8,230,700 ordinary
shares were anti-dilutive due to the net loss during this period.

GAAP
requires the Company to use the two-class method in computing basic loss per share since holders of the Company’s restricted stock
have the right to share in dividends, if declared, equally with common stockholders. These participating securities effect the computation
of both basic and diluted loss per share during the periods ended September 30, 2025 and 2024.

9.
EQUITY

Ordinary
Shares

There
were 7,664,122 and 6,379,002 ordinary shares outstanding at September 30, 2025 and December 31, 2024, respectively.

For
nine-months ending 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 ATM sales are being used for general corporate purposes.

WARRANTS

On
January 29, 2024, the Company extended the expiration date of the warrants (NASDAQ: OXBRW) (the “Warrants”) to 5:00 p.m.
Philadelphia time on the earlier to occur of (a) March 26, 2029 and (b) the date fixed for cancellation by the Company following any
20