Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 420

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1A
Chunk 420
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, clearing houses and
other financial intermediaries and guarantors may default on their obligations to us due to bankruptcy, insolvency, lack of liquidity,
adverse economic conditions, operational failure, fraud or other reasons. Such defaults could have a significant and negative effect
on our results of operations, financial condition and cash flows.

Risks
Relating to our Securities

Provisions
of our Third Amended and Restated Memorandum and Articles of Association (“Articles”) could adversely affect the value of
our securities.

Our
Articles permit our Board of Directors to allot, issue, grant options over or otherwise dispose of further shares (including fractions
of such share) with or without preferred, deferred or other rights or restrictions, whether in regard to dividend or other distribution,
voting, return of capital or otherwise and to such persons, at such times and on such other terms as they consider appropriate. Accordingly,
our Board of Directors may authorize the issuance of preferred shares with terms and conditions and under circumstances that could have
an effect of discouraging a takeover or other transaction, deny shareholders the receipt of a premium on their ordinary shares in the
event of a tender or other offer for ordinary shares and have a depressive effect on the value of our ordinary shares.

Provisions
of the Companies Law of the Cayman Islands could prevent a merger or takeover of our company.

As
compared to mergers under corporate law in the United States, it may be more difficult to consummate a merger of two or more companies
in the Cayman Islands or the merger of one or more Cayman Islands companies with one or more overseas companies, even if such transaction
would be beneficial to our shareholders. The Companies Law of the Cayman Islands, as amended (the “Companies Law”), permits
mergers and consolidations between Cayman Islands companies and between Cayman Islands companies and non-Cayman Islands companies. For
these purposes, (a) “merger” means the merging of two or more constituent companies and the vesting of their undertaking,
property and liabilities in one of such companies as the surviving company and (b) a “consolidation” means the combination
of two or more constituent companies into a combined company and the vesting of the undertaking, property and liabilities of such companies
to the consolidated company. In order to effect such a merger or consolidation, the directors of each constituent company must approve
a written plan of merger or consolidation, which must then be authorized by (a) a special resolution of the shareholders