other material
confidence high
sentiment neutral
materiality 0.50
Oxbridge Re extends warrant expiration to March 2029; exercise price $7.50
OXBRIDGE RE HOLDINGS Ltd
- Warrants exercisable for 8,230,700 ordinary shares at $7.50 per share, originally expiring March 26, 2024.
- New expiration date is earlier of March 26, 2029 or a date fixed by the company if OXBR trades above $9.38 for 10 of 20 trading days.
- Amendment #2 to Warrant Agreement, dated January 29, 2024, filed as Exhibit 4.1.
- Press release issued February 2, 2024, summarizing the extension.