Company: OXBRW
Filing Date: 2025-04-25
Form Type: S-3
Source: 0001641172-25-006292
Chunk: 29

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-04-25
Form: S-3
Chunk 29
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 members reflects the correct legal position. Further, the Cayman Islands court has the power to order that the register of members maintained by a company be rectified where it considers that such register of members does not reflect the correct legal position. The register of members is not filed with, and it does not need to be approved by, the Cayman Islands authorities. Under Cayman Islands law, every person or entity that acquires our shares must have his, her or its name entered on our register of members in order to be considered a shareholder.

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Warrants

The following is a brief summary of certain terms and provisions of the Warrants pursuant to which 8,230,700 ordinary shares may be issued under this prospectus upon the exercise thereof. This summary is subject to and qualified in its entirety by the form of Warrant Agreement (as amended by Amendment #1 to Warrant Agreement and Amendment #2 to Warrant Agreement), which are filed as Exhibits 4.2, 4.3 and 4.4, respectively, to the registration statement of which this prospectus forms a part.

Each Warrant may be exercised to purchase one ordinary share from us at a purchase price of $7.50 per share. The Warrants can be exercised at any time until March 26, 2029. The Warrants are exercised by surrendering to us the Warrants to be exercised, with an exercise form included therein duly completed and executed and paying to us the exercise price per share in cash or check payable to us. At any time while there is an effective registration statement available for the issuance of shares issuable pursuant to the Warrants, the Warrants may be exercised only with a cash payment. If a registration statement is not available for the issuance of the underlying shares, the Warrants may be exercised on a cashless net-share basis. We are obligated under the Warrants to use our best efforts to maintain an effective registration statement with respect to the issuance of the underlying shares. However, under no circumstances will a holder of Warrants be entitled to settle the Warrants for cash, even in the absence of an effective registration statement.

As long as any Warrants remain outstanding, ordinary shares to be issued upon the exercise of Warrants will be adjusted in the event of one or more stock splits, readjustments or reclassifications. In the event of the foregoing, the remaining number of ordinary shares still subject to the Warrants shall be increased or decreased to reflect proportionately the increase or decrease in