Company: OBA
Filing Date: 2025-06-05
Form Type: S-1
Source: 0001213900-25-051650
Chunk: 258

Company: Oxley Bridge Acquisition Ltd
Filing Date: 2025-06-05
Form: S-1
Chunk 258
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 of their shares (including Excess Shares) for or against our initial business combination. Our shareholders’ inability to redeem the Excess Shares will reduce their influence over our ability to complete our initial business combination, and such shareholders could suffer a material loss in their investment if they sell such Excess Shares on the open market. Additionally, such shareholders will not receive redemption distributions with respect to the Excess Shares if we complete our initial business combination. And, as a result, such shareholders will continue to hold that number of shares exceeding 15% and, in order to dispose such shares would be required to sell their shares in open market transactions, potentially at a loss. If we seek shareholder approval in connection with our initial business combination, our sponsor, officers and directors have agreed to vote their founder shares and any public shares purchased during or after this offering (including in open market and privately -negotiatedtransactions, aside from shares they may purchase in compliance with the requirements of Rule 14e -5under the Exchange Act, which would not be voted in favor of approving the business combination transaction) in favor of our initial business combination. If our initial business combination is structured as a statutory merger or consolidation with another company under Cayman Islands law, the approval of our initial business combination will also require a special resolution, which requires the affirmative vote of at least two -thirdsof the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the company. Accordingly, if we seek shareholder approval of our initial business combination, the agreement by our initial shareholders and management team to vote in favor of our initial business combination will increase the likelihood that the requisite shareholder approval for such initial business combination will be obtained. As a result, if all outstanding shares are voted on a resolution to approve our initial business combination, in addition to our initial shareholders’ founder shares, if we would require an ordinary resolution, we would need 8,250,001 public shares, or 37.5% of the 22,000,000 public shares sold in this offering, and if we would require a special resolution, we would need 12,833,334 public shares, or 58.3% of the 22,000,000 public shares sold in this offering, to be voted in favor of an initial business combination in order to have our initial business combination approved, assuming in each case that the over -allotmentoption is not exercised and that the parties