Corporate ActionJun 22, 2026, 05:31 PM
Oxbridge Re Enters At-the-Market Sales Agreement with Chardan
AI Summary
Oxbridge Re Holdings Limited has entered into a new At-the-Market Sales Agreement with Chardan Capital Markets LLC, allowing the company to sell ordinary shares periodically. This agreement replaces a previous one with Maxim Group LLC. The company plans to use the net proceeds for general corporate purposes, including funding its reinsurance operations.
Key Highlights
- Oxbridge Re Holdings Limited entered into an At-the-Market Sales Agreement with Chardan Capital Markets LLC.
- The agreement allows the company to offer and sell ordinary shares from time to time through the Sales Agent.
- The Company will pay the Sales Agent a commission equal to 3.0% of the gross proceeds from sales.
- The Company will reimburse the Sales Agent for legal counsel fees up to $20,000.
- This new agreement replaces a prior sales agreement with Maxim Group LLC, terminated on June 20, 2026.
- Net proceeds from the offering are intended for general corporate purposes, including funding reinsurance operations.
- Ordinary Shares with an aggregate offering price of up to $1,678,301 were registered under Form S-3.
Price Impact
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