Company: OBA
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109993
Chunk: 76

Company: Oxley Bridge Acquisition Ltd
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 76
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 target with operations or prospects focusing on global consumer and technology sectors with disruptive growth potential through the
use of technology that can benefit from operations in Asia, excluding the People’s Republic of China, Hong Kong and Macau.
We are an early stage and emerging growth company and, as such, we are subject to all of the risks associated with early stage and emerging
growth companies. We expect to incur significant costs in the pursuit of our acquisition plans. There can be no assurance that our plans
to complete a Business Combination will be successful.

Our IPO Registration Statement became effective
on June 26, 2025. On June 26, 2025, we consummated our Initial Public Offering of 25,300,000 Units, including Option Units issued pursuant
to the full exercise of the Over-Allotment Option. Each Unit consists of one Public Share and one-half of one Public Warrant. The Units,
were sold at a price of $10.00 per Unit, generating gross proceeds to us of $253,000,000.

Simultaneously with the closing of the Initial
Public Offering and pursuant to the Private Placement Warrants Purchase Agreements, we completed the sale of an aggregate of 6,400,000
Private Placement Warrants to the Sponsor and Cantor in the Private Placement at a purchase price of $1.00 per Private Placement Warrant,
generating gross proceeds to us of $6,400,000. Of those 6,400,000 Private Placement Warrants, the Sponsor purchased 4,200,000 Private
Placement Warrants and Cantor purchased 2,200,000 Private Placement Warrants. The Private Placement Warrants are identical to the Public
Warrants, except as otherwise disclosed in the IPO Registration Statement.

Following the closing of the Initial Public Offering
and Private Placement, an amount of $253,000,000 from the net proceeds of the Initial Public Offering and the Private Placement was initially
placed in the Trust Account located in the United States with Continental acting as trustee. The Trust Account may be invested only (i)
in U.S. government securities within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of
185 days or less, (ii) in any open-ended investment company that holds itself out as a money market fund selected by us meeting the
conditions of paragraphs (d)(2), (d)(3) and (d)(4) of Rule 2a