Company: OBA
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109993
Chunk: 36

Company: Oxley Bridge Acquisition Ltd
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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 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.

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 September 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 generate any operating
revenues until after completion of our initial Business Combination. We have generated non-operating income in the form of interest income
on investments held in the Trust Account after the Initial Public Offering. We expect to incur increased expenses as a result of being
a public company (for legal, financial reporting, accounting and auditing compliance, among other things), as well as for due diligence
expenses.

For the three months ended September 30, 2025, we had net income of $2,434,270, which consisted of income on investments held in the Trust
Account of $2,644,418 and dividend income of $8,926, offset by formation, general and administrative expenses of $181,574 and administrative
expenses – related party of $37,500.

For the nine months ended September 30, 2025, we had net income of $2,443,288, which consisted of income on investments held in the Trust
Account of $2,759,767 and dividend income of $8,926, offset by formation, general and administrative expenses of $285,822 and administrative
expenses – related party of $39,583. For the period from August 6, 2024 (inception) through September 30, 2024, we had net loss
of $45,412, which consisted of formation, general and administrative expenses.

Liquidity, Capital Resources and Going Concern

Following the Initial Public Offering, including
the full exercise of the Over-Allotment Option, and the Private Placement, a total of $253,000,000 was initially placed in the Trust Account.
We incurred fees of $16,987,383, consisting of $4,400,000 of cash underwriting fee, the Deferred Fee of $12,045,000 and $542,383 of other
offering costs.

For the nine months ended