Company: OXBRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023960
Chunk: 24

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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,174,014  
     6,007,868 
  
    Weighted average shares
    - diluted 
     7,442,922  
     6,010,561  
     7,174,014  
     6,007,868 
  
    Loss per share - basic 
    $(0.25) 
     (0.14) 
    $(0.28) 
     (0.29)
  
    Loss per share - diluted 
    $(0.25) 
     (0.14) 
    $(0.28) 
     (0.29)

For
the three-month and six-month periods ended June 30, 2025, 376,250 options to purchase 376,250 ordinary shares were anti-dilutive due
to the net loss during this period.

For
the three-month and six-month periods ended June 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 six-month periods ended June 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 June 30, 2025 and 2024. 

9.
Equity

Ordinary
Shares

There
were 7,442,922 and 6,379,002 ordinary shares outstanding at June 30, 2025 and December 31, 2024, respectively.

For
six months ended June 30, 2025, we have sold 97,715 ordinary shares under the ATM program for gross proceeds of $448,858 at an average
price of $4.59 per share. After deducting commissions related to the ATM offering of $13,465, the net proceeds we received from the transactions
were $435,393. The proceeds from the ATM sales are being used for general corporate purposes.

Subsequent
to June 30, 2025, we have