**Oxbridge Re Holdings Limited Announces Commencement of Private Placement Offering****

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Oxbridge Re Holdings Limited (NASDAQ: OXBR) and its subsidiary, SurancePlus Holdings Ltd., revealed the initiation of an offering on January 13, 2025. SP Holdings, a Cayman Islands exempted company, plans to offer up to $5,000,000 worth of its ordinary shares. The investors participating in this offering will receive private placement warrants to acquire a total of 625,000 ordinary shares of Oxbridge Re, with a four-year term and an exercise price equivalent to the Nasdaq “minimum price” for Oxbridge Re’s ordinary shares at the closure of the private placement offering.

The proceeds from the offering, as outlined by SP Holdings, are intended for general corporate purposes. This may encompass working capital, liquidity requirements, expansion of SP Holdings’ Web-3 segment, and related ventures in alignment with its business strategy.

It’s important to note that the Securities (ordinary shares of SP Holdings and warrants to purchase ordinary shares of Oxbridge Re) associated with the private placement offering have not been registered under the Securities Act of 1933 or any state securities laws. Consequently, these Securities cannot be vended in the United States without an effective registration statement or an exemption from registration mandates. The offering will be conducted in a manner exempt from registration under the Securities Act, available solely to accredited investors in the U.S. under SEC Rule 506(c), and to non-U.S. individuals outside the U.S. in accordance with Regulation S under the Securities Act.

The current report clarifies that it should not be regarded as an offer to sell or a solicitation to purchase the Securities. It also highlights that the offering’s completion is not guaranteed. The report’s details are intended for informational purposes and are not meant to be incorporated by reference into any filings under the Securities Exchange Act of 1934 or the Securities Act, except as explicitly indicated.

Furthermore, the report includes forward-looking statements that fall under the safe harbor provisions for forward-looking statements. These statements involve inherent risks and uncertainties that could cause actual results to differ from those forecasted. The Company pledges to update or modify the forward-looking statements in accordance with applicable laws as situations evolve.

In compliance with financial reporting requirements, the Form 8-K includes only one exhibit – the Cover Page Interactive Data File.

It’s worth noting that the signed report was authorized by Wrendon Timothy, the Chief Financial Officer and Secretary of Oxbridge Re Holdings Limited, and represents an official submission to the Securities and Exchange Commission.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Oxbridge Re’s 8K filing here.

Oxbridge Re Company Profile

Oxbridge Re Holdings Limited, through its subsidiaries, provides specialty property and casualty reinsurance solutions. The company underwrites collateralized reinsurance contracts primarily for property and casualty insurance companies in the Gulf Coast region of the United States. It also issues reinsurance contracts through digital securities by blockchain technology.