secwatch.observer — SEC 8-K summary
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Issuer:     OXBRIDGE RE HOLDINGS Ltd (OXBR)
CIK:        0001584831
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0001493152-24-010215
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oxbridge Re subsidiary SurancePlus launches offering of up to 1M Participation Shares at $10 each via digital tokens
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1584831/000149315224010215/0001493152-24-010215-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1584831/000149315224010215/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-010215

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