Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 502

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1A
Chunk 502
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 not
involving a public offering and/or Rule 506 of Regulation D promulgated thereunder. The Company has agreed to file a registration statement
providing for the resale by the Investors of the ordinary shares issuable upon exercise of the Warrants within 60 days of the date of
the Securities Purchase Agreement.

The
Company has agreed to hold an annual or special meeting on or before June 30, 2025, to have shareholders approve the issuance of the
ordinary shares underlying the Series B Warrants at the combined effective offering price of $4.25 pursuant to applicable Nasdaq rules.

The
Company paid the Placement Agent a cash fee of 6.0% of the gross proceeds from the Offering and reimburse the Placement Agent for its
expenses, including the reimbursement of legal fees up to an aggregate of $45,000.

Launch
of Tokenized Securities

On
February 26, 2025, the Company and its indirect 80%-owned subsidiary SurancePlus Inc. (“SurancePlus”), a British Virgin Islands
Business Company, announced the commencement of an offering by SurancePlus of Participation Shares (the “Securities”) represented
by digital tokens to be issued under a 3-year Participation Share Investment Contract (the “PSIC”). The Participation Shares
are not shares in SurancePlus (or the Company) and shall have no preemptive right or conversion rights. The Participation Shares solely
confer contractual rights against SurancePlus as contained in the PSIC. At the offering’s commencement, up to an aggregate of one
million (1,000,000) Participation Shares will be issued, represented by digital tokens labelled “ZetaCat Re” and “EtaCat
Re”, representing high yield and balanced yield tokens, respectively. The quantity of Participation Shares to be issued in subsequent
years of 2026, and 2027, shall be disclosed prior to their issuances. At the start of the offering, the Participation Shares will be
offered at an initial price of $10.00 per Participation Share, with a 5% and 10% discount per Participation Share for investments above
$50,000 and $100,000, respectively.

The
net proceeds from the offer and sale of the Participation Shares will be used by SurancePlus to purchase one or more participating notes
of Oxbridge Re NS, an affiliated Cayman Islands licensed reinsurance entity, and the proceeds from the sale of such participating notes
will be invested in collateralized