Company: OXBRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023960
Chunk: 94

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 94
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 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 New Offering Agreement. The New Offering
Agreement replaced our prior sales agreement dated September 30, 2022 with the Sales Agent pursuant to which the Company sold Ordinary
Shares having an aggregate sales price of $4.6 million.

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 were made only by means of a prospectus supplement.

During
the period ended June 30, 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.

Subsequent
to June 30, 2025, we have sold 50,000 ordinary shares under the ATM program for gross proceeds of $117,778 at an average price of $2.36
per share. After deducting commissions related to the ATM offering of $3,533, the net proceeds we received from the transactions were
$114,245. 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