secwatch.observer — SEC 8-K summary
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Issuer:     OXBRIDGE RE HOLDINGS Ltd (OXBR)
CIK:        0001584831
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001493152-23-028385
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oxbridge Re Q2 net loss $85k; SurancePlus token offering raises $2.45M; SPAC merger closed
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- Q2 2023 net loss of $85,000 ($0.01 per share) vs net income of $77,000 ($0.01 per share) in Q2 2022.
- H1 2023 net profit of $57,000 ($0.01 per share) vs net loss of $310,000 ($0.05 per share) in H1 2022; no losses incurred.
- SurancePlus private placement of digital tokens raised $2.45M gross; includes ~$1.17M from Oxbridge, tokens represent fractional reinsurance interests.
- Oxbridge Acquisition Corp. (OXAC) closed business combination with Jet.AI Inc.; now trades as JTAI on Nasdaq.
- Cash and equivalents $3.5M at June 30, 2023 vs $3.9M at Dec 31, 2022; no debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1584831/000149315223028385/0001493152-23-028385-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1584831/000149315223028385/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-028385

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