secwatch.observer — SEC 8-K summary
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Issuer:     OXBRIDGE RE HOLDINGS Ltd (OXBR)
CIK:        0001584831
Form:       8-K
Filed at:   2023-06-28T23:59:59+00:00
Accession:  0001493152-23-022690
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1584831/000149315223022690/0001493152-23-022690-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1584831/000149315223022690/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-022690

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