Company: OXBRW
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001641172-25-009673
Chunk: 5

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 2
Chunk 5
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 Shares having an aggregate offering price equal to $6,300,000, or (ii) the termination of the Offering
Agreement by either the Sales Agent or the Company, in each such party’s sole discretion, upon the provision of thirty (30) days’
written notice. The Company will pay the Sales Agent a commission equal to 3.0% of the gross proceeds of the Ordinary Shares sold by the
Sales Agent pursuant to the Offering Agreement.

Sales of the Ordinary Shares under the Offering Agreement,
if any, may be made in transactions that are deemed to be “at-the-market” offerings as defined in Rule 415 under the Securities
Act of 1933, as amended, including without limitation sales made directly on or through the Nasdaq Capital Market or any other existing
trading market for the Ordinary Shares. The Sales Agent will use commercially reasonable efforts consistent with its normal trading and
sales practices to sell the Ordinary Shares from time to time, based upon instructions from the Company (including any price, time or
amount limits the Company may impose). The Company is not obligated to make any sales under the Offering Agreement.

The Ordinary Shares were registered pursuant to the
Company’s shelf registration statement on Form S-3 (File No. 333-262590), and offerings of the Ordinary Shares will be made only
by means of a prospectus supplement.

For the year ended December 31,
2024, we sold 372,341 ordinary shares under the ATM program for gross proceeds of $1,166,044 at an average price of $3.13 per
share. After deducting commissions related to the ATM offering of $34,981, the net proceeds we received from the transactions were
$1,131,063. The proceeds from the ATM sales are being used for general corporate purposes.

During the period ended March 31, 2025,
we have sold 97,715 ordinary shares under the ATM program for gross proceeds of $448,858 at an average price of $4.59 per share. After
deducting commissions related to the ATM offering of $13,465, the net proceeds we received from the transactions were $435,393. The proceeds
from the ATM sales are being used for general corporate purposes.

Securities Purchase Agreement

On February 24, 2025, the Company and an institutional
investor (the “Investor”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) relating
to the issuance and sale of