other material
confidence high
sentiment neutral
materiality 0.60
Oxbridge Re subsidiary SurancePlus launches offering of up to 1M Participation Shares at $10 each via digital tokens
OXBRIDGE RE HOLDINGS Ltd
- SurancePlus, Oxbridge Re subsidiary, commenced offering of up to 1,000,000 Participation Shares at $10 per share, represented by digital tokens 'EpsilonCat Re'.
- Net proceeds will fund participating notes of Oxbridge Re NS, a Cayman Islands licensed reinsurer, for investment in collateralized reinsurance contracts.
- Holders receive preferred return equal to initial price plus 20%, then entitled to 80% of any excess proceeds from the participating notes.
- Offering is exempt under SEC Rule 506(c) and Regulation S, limited to accredited investors in the U.S. and non-U.S. persons.