Company: OXBRW
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001641172-25-009673
Chunk: 18

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 2
Chunk 18
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 Proceedings

We are not currently involved
in any litigation or arbitration. We anticipate that, similar to the rest of the insurance and reinsurance industry, we will be subject
to litigation and arbitration in the ordinary course of business.

Item 1A. Risk Factors

There
have been no material changes to our risk factors during the three months ended March 31, 2025. 

Item 2. Unregistered
Sales of Equity Securities and Use of Proceeds

On
September 30, 2022, we entered into an “at the market” (ATM) sales agreement with Maxim Group LLC as our sales agent, under
which we may offer and sell from time to time up to $6.3 million of ordinary shares in negotiated transactions or transactions that are
deemed to be an ATM offering.

During
the three months ended March 31, 2025, we 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. Additionally, during the quarter, the Company raised $2.7
million net of expenses from its registered direct offering. The proceeds from the ATM sales and registered direct offering are being
used for general corporate purposes.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

None.

35

Item 6. Exhibits

The following exhibits are filed herewith:

    Exhibit No.
     
    Document

    31.1
     
    Certifications of the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act and Rule 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934.

    31.2
     
    Certifications of the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act and Rule 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934.

    32
     
    Written Statement of the Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. §1350.

    101
     
    The following materials from Oxbridge Re Holdings Limited’s Quarterly