Company: OBA
Filing Date: 2025-06-05
Form Type: S-1
Source: 0001213900-25-051650
Chunk: 372

Company: Oxley Bridge Acquisition Ltd
Filing Date: 2025-06-05
Form: S-1
Chunk 372
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 The ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The Company adopted ASU 2023 -07on August 6, 2024, the date of its incorporation. In December 2023, the FASB issued Accounting Standards Update 2023 -09, “Improvements to Income Tax Disclosures” (“ASU 2023 -09”), which provides for additional disclosures primarily related to the income tax rate reconciliations and income taxes paid. ASU 2023 -09requires entities to annually disclose the income tax rate reconciliation using both amounts and percentages, considering several categories of reconciling items, including state and local income taxes, foreign tax effects, tax credits and nontaxable or nondeductible items, among others. Disclosure of the reconciling items is subject to a quantitative threshold and disaggregation by nature and jurisdiction. ASU 2023 -09also requires entities to disclose net income taxes paid or received to federal, state and foreign jurisdictions, as well as by individual jurisdiction, subject to a five percent quantitative threshold. ASU 2023 -09may be adopted on a prospective or retrospective basis and is effective for fiscal years beginning after December 15, 2024, and for interim periods for fiscal years beginning after December 15, 2025, with early adoption permitted. The Company is currently assessing the impact, if any, that ASU 2023 -09would have on its financial position, results of operations or cash flows. Note 3 — Proposed Public Offering In the Proposed Public Offering, the Company will offer for sale up to 22,000,000 Units (or 25,300,000 Units if the underwriters’ over -allotmentoption is exercised in full) at a purchase price of $10.00 per Unit. Each Unit that the Company is offering has a price of $10.00 and consists of one Class A ordinary share, and one -halfof one redeemable warrant. Each whole warrant will entitle the holder to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment. Each warrant will become exercisable 30 days after the completion of the initial Business Combination and will expire five years after the completion of the initial Business Combination, or earlier upon redemption or liquidation. Warrants —No warrants are currently outstanding. Each whole warrant entitles the