secwatch.observer — SEC 8-K summary
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Issuer:     OXBRIDGE RE HOLDINGS Ltd (OXBR)
CIK:        0001584831
Form:       8-K
Filed at:   2025-02-26T23:59:59+00:00
Accession:  0001493152-25-008296
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oxbridge Re raises $3.0M via registered direct offering and warrants issuance
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- Sold 705,884 ordinary shares, 529,413 Series A warrants, and 882,355 Series B warrants at $4.25 combined effective price.
- Net proceeds expected ~$2.7M after placement agent fee of 6% and estimated offering expenses.
- Series A warrants immediately exercisable at $4.25 for 2 years; Series B warrants exercisable after shareholder approval or 6 months at lower of $5.00 or $4.25 for 5 years.
- Company to hold shareholder meeting by June 30, 2025 to approve issuance of Series B warrant shares per Nasdaq rules.
- 60-day lock-up on further equity issuances and variable rate transactions after closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1584831/000149315225008296/0001493152-25-008296-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1584831/000149315225008296/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-008296

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