Company: OBA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075674
Chunk: 31

Company: Oxley Bridge Acquisition Ltd
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 target,
debt issued to bank or other lenders or the owners of the target, or a combination of the foregoing.

On June 26, 2025, we consummated our Initial Public
Offering of 25,300,000 Units, which includes the full exercise of the Over-Allotment Option in the amount of 3,300,000 Option Units, at
$10.00 per Unit, generating gross proceeds of $230,000,000. Simultaneously with the closing of the Initial Public Offering, we consummated
the sale of 6,400,000 Private Placement Warrants, in the Private Placement to the Sponsor and Cantor at a price of $1.00 per Private Placement
Warrant, generating gross proceeds of $6,400,000.

We incurred offering costs of $16,987,383, consisting
of $4,400,000 of cash underwriting fee, $12,045,000 of Deferred Fee, and $542,383 of other offering costs.

Upon the closing of the Initial Public Offering
and the Private Placement, approximately $253,000,000 ($10.00 per Unit) of the net proceeds of the Initial Public Offering and certain
of the proceeds of the Private Placement were placed in the Trust Account, located in the United States with Continental acting as trustee,
and will be invested only in United States “government securities” within the meaning of Section 2(a)(16) of the Investment
Company Act, having a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 promulgated
under the Investment Company Act which invests only in direct U.S. government treasury obligations, as determined by us, until the earlier
of: (i) the completion of a Business Combination and (ii) the distribution of the Trust Account as described below.

We may seek to extend the Combination Period consistent
with applicable laws, regulations and stock exchange rules by amending our Amended and Restated Articles. Any such amendment would require
the approval of our Public Shareholders, who will be provided the opportunity to redeem all or a portion of their Public Shares in connection
with the vote on such approval. Such redemptions will decrease the amount held in our Trust Account and our capitalization, and may affect
our ability to maintain our listing on Nasdaq. In addition, the Nasdaq Rules currently require SPACs (such as us) to complete their