Company: OBA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075674
Chunk: 74

Company: Oxley Bridge Acquisition Ltd
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 74
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 may seek to extend the Combination Period consistent
with applicable laws, regulations and stock exchange rules by amending our Amended and Restated Articles. Any such amendment would require
the approval of our Public Shareholders, who will be provided the opportunity to redeem all or a portion of their Public Shares in connection
with the vote on such approval. Such redemptions will decrease the amount held in our Trust Account and our capitalization, and may affect
our ability to maintain our listing on Nasdaq. In addition, the Nasdaq Rules currently require SPACs (such as us) to complete their initial
Business Combination in accordance with the Nasdaq 36-Month Requirement. If we do not meet the Nasdaq 36-Month Requirement, our securities
will likely be subject to a suspension of trading and delisting from Nasdaq. Our Sponsor may also, in its discretion, consider selling
its interest in our Company to another sponsor entity, which may result in a change to our Management Team.

Recent Developments

On July 1, 2025, the Sponsor paid us $25,309.
As a result, the related party receivable has been reduced to $0.

On July 28, 2025, we appointed Jingjing (Jessie)
Yan as the President of our Company. In connection with the appointment, Ms. Yan signed a joinder to the Letter Agreement pursuant to
which, among other things, Ms. Yan agreed to waive certain redemption rights and to vote any Ordinary Shares she holds in favor of an
initial Business Combination. Ms. Yan also signed a joinder to the Registration Rights Agreement, pursuant to which, among other things,
Ms. Yan was granted certain demand and “piggyback” registration rights, which will be subject to customary conditions and
limitations. Ms. Yan also entered into a standard director indemnity agreement with our Company, a form of which was filed as Exhibit
10.6 to our Current Report on Form 8-K, as filed with the SEC on June 26, 2025.

18

Results of Operations

We have neither engaged
in any operations nor generated any revenues to date. Our only activities since August 6, 2024 (inception) through June 30, 2025 have
been (i) organizational activities and (ii) activities relating to (x) the Initial Public Offering and (y) identifying and evaluating
prospective acquisition candidates and activities in connection with the initial Business Combination. We will not