Oxbridge Re Holdings Limited Announces Securities Purchase Agreement
Feb. 24, 2025: Oxbridge Re Holdings Limited, a Nasdaq-listed company specializing in tokenized Real-World Assets (RWAs) and reinsurance solutions for property and casualty insurers in the Gulf Coast region of the United States, recently announced a significant development. The company entered into a securities purchase agreement with a single institutional investor.
Registered Direct Offering and Concurrent Private Placements
Under the terms of the agreement, Oxbridge Re will sell 705,884 ordinary shares in a registered direct offering. Additionally, in two separate concurrent private placements, the company will issue and sell:
- Unregistered Series A Warrants to purchase up to an aggregate of 529,413 ordinary shares;
- Unregistered Series B Warrants to purchase up to an aggregate of 882,355 ordinary shares.
The combined effective offering price for each ordinary share and the accompanying Series A Warrants and Series B Warrants is $4.25.
Exercise Terms for the Warrants
The Series A Warrants will be immediately exercisable and will expire two years from the initial exercise date. They will have an exercise price of $4.25 per share.
The Series B Warrants will be exercisable on the earlier of shareholder approval or six months from issuance. They will expire five years from the initial exercise date and will have an exercise price equal to the lower of:
- The Nasdaq minimum price;
- From and after the date the Company receives shareholder approval, $4.25 per share.
Impact on Individuals
As an individual investor, this announcement may not have a direct impact on you, as this offering is specifically geared towards institutional investors. However, the success of Oxbridge Re’s fundraising efforts could potentially lead to increased market interest in the company and its tokenized reinsurance securities.
Impact on the World
The securities purchase agreement and the issuance of warrants could have several implications for the world of finance:
- Increased adoption of tokenized securities: Oxbridge Re’s use of tokenized securities for its offerings further highlights the potential for this innovative financial instrument in the market.
- Expansion of reinsurance solutions: The company’s focus on providing reinsurance solutions to Gulf Coast insurers could lead to improved risk management and financial stability in the region.
- Continued growth of the tokenized asset market: The success of this offering could encourage other companies to explore tokenized securities as a means of raising capital.
Conclusion
Oxbridge Re Holdings Limited’s securities purchase agreement with a single institutional investor represents an important step forward for the company and the tokenized asset market. The issuance of both registered and unregistered warrants could lead to increased market interest in the company and its offerings, and may contribute to the expansion of reinsurance solutions for Gulf Coast insurers. As always, it is essential for investors to carefully consider their investment strategies and consult with a financial advisor before making any decisions.
For more information about Oxbridge Re Holdings Limited and its tokenized reinsurance securities, please visit the company’s website or consult with a financial professional.
