Oxbridge Re subsidiary SurancePlus closes $2.4M private placement of tokenized reinsurance securities

OXBRIDGE RE HOLDINGS Ltd

SurancePlus raised $2,447,760 through sale of 244,776 DeltaCat Re tokens at $10.00 each.
Tokens represent preferred shares of SurancePlus, conferring fractional interests in reinsurance contracts for the 2023-2024 treaty year.
Offering made to accredited US investors under Rule 506(c) and non-US investors under Regulation S.
CEO Jay Madhu states this is the first publicly traded company to raise capital for catastrophe reinsurance via tokenized securities.
Tokens issued on Avalanche blockchain; no underwriting discounts paid.

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