Company: OXBRW
Filing Date: 2025-02-26
Form Type: 424B5
Source: 0001493152-25-008248
Chunk: 13

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-02-26
Form: 424B5
Chunk 13
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If you purchase ordinary shares in this offering, you will experience immediate and substantial dilution to the extent of the difference between the combined offering price per ordinary share and accompanying warrant and the adjusted net tangible book value per share of our ordinary shares as of September 30, 2024.

Our net tangible book value as of September 30, 2024 was $3.65 million, or $0.59 per ordinary share. Net tangible book value per share is determined by dividing our total tangible assets, less total liabilities, by the number of ordinary shares outstanding as of September 30, 2024.

As adjusted net tangible book value is our net tangible book value, after giving effect to the sale by us of 705,884 ordinary shares in this offering at a combined offering price of $4.25 per ordinary share and accompany ordinary share warrants and after deducting estimated placement agent’s fees and estimated offering expenses payable by us, our as adjusted net tangible book value as of September 30, 3024, would have been approximately $6.37 million, or approximately $0.93 per share, which excludes the ordinary share warrants. This represents an immediate increase in net tangible book value of approximately $0.34 per share to existing shareholders and an immediate dilution of approximately $3.32 per share to new investors purchasing ordinary shares in this offering. The following table illustrates this per share dilution:

| Combined offering price                                                     |     |   |      |     | $ | 4.25 |
| Net tangible book value per share as of September 30, 2024                  |     | $ | 0.59 |     |   |      |
| Increase in net tangible book value per share attributable to this offering |     | $ | 0.34 |     |   |      |
| As adjusted net tangible book value per share as of September 30, 2024      |     |   |      |     | $ | 0.93 |
| Dilution per share to new investors in the offering                         |     |   |      |     | $ | 3.32 |

The number of our ordinary shares that will be outstanding immediately after this offering as shown above is based on 6,150,556 shares outstanding as of September 30, 2024. The number of shares outstanding as of September 30, 2024, unless otherwise indicated, excludes:

| ● | 846,250                                                                                           
 ordinary shares issuable upon the exercise of options outstanding