Company: OBA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075674
Chunk: 134

Company: Oxley Bridge Acquisition Ltd
Filing Date: 2025-08-13
Form: 10-Q
Item: Part II, Item 1A
Chunk 134
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ated our Initial Public Offering of 25,300,000 Units, including 3,300,000 Option Units issued pursuant to the full exercise of
the Over-Allotment Option. Each Unit consists of one Public Share and one-half of one Public Warrant, with each whole Public Warrant entitling
the holder thereof to purchase one Class A Ordinary Share for $11.50 per share, subject to adjustment.

The Units were sold at
a price of $10.00 per Unit, generating gross proceeds to us of $253,000,000. Cantor acted as sole book runner and representative of the
underwriters. On June 26, 2025, simultaneously with the consummation of our Initial Public Offering and pursuant to the Private Placement
Warrants Purchase Agreements, we completed the private sale of an aggregate of 6,400,000 Private Placement Warrants at a purchase price
of $1.00 per Private Placement Warrant, to our Sponsor, and Cantor generating gross proceeds of $6,400,000.

Following the closing of our Initial Public Offering
on June 26, 2025, a total of $253,000,000 comprised of $248,600,000 of the proceeds from the Initial Public Offering (which amount includes
$12,045,000 of the Deferred Fee) and $4,400,000 of the proceeds from the Private Placement, was placed in a U.S.-based trust account maintained
by Continental, acting as trustee. The proceeds held in the Trust Account may be invested by the trustee only in U.S. government securities
with a maturity of 185 days or less or in money market funds investing solely in U.S. government treasury obligations and meeting certain
conditions under Rule 2a-7 under the Investment Company Act. To mitigate the risk that we might be deemed to be an investment company
for purposes of the Investment Company Act, which risk increases the longer that we hold investments in the Trust Account, we may, at
any time (based on the Management Team’s ongoing assessment of all factors related to the potential status under the Investment
Company Act), instruct the trustee to liquidate the investments held in the Trust Account and instead to hold the funds in the Trust Account
in cash or in an interest-bearing demand deposit account at a bank.

The remaining proceeds from the Initial Public
Offering and the Private Placement are held outside the Trust Account. Such funds are being used primarily to enable us to identify a