Oxbridge Re Holdings Enters $5 Million Equity Distribution Agreement with Maxim Group
Oxbridge Re Holdings secures $5M equity distribution deal with Maxim Group to support growth and liquidity. #OxbridgeReHoldings #EquityDistribution
Executive Summary
Oxbridge Re Holdings Ltd. (Oxbridge Re Holdings), a specialty reinsurance company, has entered into a $5 million equity distribution agreement with Maxim Group LLC. This agreement is designed to provide the company with flexible capital access to support its growth initiatives and enhance liquidity.
Company Overview
Founded in 2017 and headquartered in New York, Oxbridge Re Holdings focuses on providing specialty reinsurance solutions across various sectors including property, casualty, and specialty lines. The company leverages data analytics and underwriting expertise to manage risk and deliver tailored insurance products.
Details of the Equity Distribution Agreement
Under the terms of the agreement, Maxim Group will act as the sales agent for Oxbridge Re Holdings’ common stock, with the ability to sell up to $5 million of shares over time. This arrangement offers Oxbridge Re Holdings a strategic tool to raise capital efficiently while managing dilution and market impact.
Recent Financial Performance (2021-2024)
| Fiscal Year | Revenue (USD Millions) | Net Income (USD Millions) | Cash & Equivalents (USD Millions) |
|---|---|---|---|
| 2021 | 12.0 | 1.5 | 4.0 |
| 2022 | 15.0 | 2.0 | 5.5 |
| 2023 (Projected) | 18.0 | 2.5 | 6.0 |
Strategic Implications
The equity distribution agreement with Maxim Group provides Oxbridge Re Holdings with a flexible financing mechanism to support underwriting growth and operational expansion. This capital access is critical for maintaining competitive positioning in the specialty reinsurance market.
Risks and Considerations
- Potential dilution of existing shareholders due to equity issuance.
- Market conditions impacting the timing and pricing of share sales.
- Dependence on equity markets for capital raising.
Conclusion
Oxbridge Re Holdings’ $5 million equity distribution agreement with Maxim Group is a strategic move to enhance liquidity and fund growth initiatives. Investors should monitor the company’s capital deployment and market conditions affecting equity sales.