secwatch.observer — SEC 8-K summary
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Issuer:     OXBRIDGE RE HOLDINGS Ltd (OXBR)
CIK:        0001584831
Form:       8-K
Filed at:   2023-05-12T23:59:59+00:00
Accession:  0001493152-23-016652
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oxbridge Re posts Q1 net income of $142k; launches SurancePlus token offering
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- Q1 2023 net income $142k ($0.02 per share) vs net loss $387k ($0.07 loss) in Q1 2022.
- Net premiums earned nil vs $210k in prior year; no losses incurred in either period.
- Launched Web3 subsidiary SurancePlus Inc offering tokenized securitized tokens targeting 42% annual return.
- Oxbridge Acquisition Corp (OXAC) agreed to combine with Jet.AI; expected close mid-July 2023.
- Cash and equivalents $3.6M at Mar 31, 2023 vs $3.9M at Dec 31, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1584831/000149315223016652/0001493152-23-016652-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1584831/000149315223016652/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-016652

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