Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 324

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1
Chunk 324
---
 corporate records and accounts. Our directors have discretion under our Articles to determine whether or not,
and under what conditions, the corporate records may be inspected by shareholders, but are not obligated to make them available to shareholders.
This fact may make it more difficult for shareholders to obtain the information needed to establish any facts necessary for a shareholder
motion or to solicit proxies from other shareholders in connection with a proxy contest. Finally, subject to limited exceptions, under
Cayman Islands law, a minority shareholder may not bring a derivative action against our Board of Directors.

Provisions
of our Articles may reallocate the voting power of our ordinary shares.

In
certain circumstances, the total voting power of our ordinary shares held by any one person will be reduced to less than 9.9% of the
total voting power of the total issued and outstanding ordinary shares. In the event a holder of our ordinary shares acquires shares
representing 9.9% or more of the total voting power of our total ordinary shares, there will be an effective reallocation of the voting
power of the ordinary shares as described in the Articles.

We
do not currently have an effective registration statement registering the issuance of the shares underlying our publicly traded warrants,
and therefore you may not be able to exercise the warrants in a cash exercise.

For
you to be able to effect a cash exercise of our publicly traded warrants, the sale of the ordinary shares to be issued to you upon exercise
of the warrants must be covered by an effective and current registration statement. We have not maintained a current registration statement
relating to the sale of the shares of common stock underlying the warrants. As a result, you would be unable to exercise the warrants
in a cash exercise and will be required to engage in a cashless exercise in which a number of warrant shares equal to the fair market
value of the exercised shares will be withheld. In those circumstances, we may, but are not required to, redeem the warrants by payment
in cash. Consequently, there is a possibility that you will never be able to exercise the warrants and receive the underlying ordinary
shares. This potential inability to exercise the warrants in a cash exercise, our right to cancel the warrants under certain circumstances,
and the possibility that we may redeem the warrants for nominal value, may have an adverse effect on demand for the warrants and the
prices that can be obtained from reselling them.

Risks
Relating to Taxation

We
may become subject to taxation in the Cayman Islands which would