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Tag: Oxbridge

  • Oxbridge (OXBR) Stock Climbs After-Market On Strong Q3 Progress

    Oxbridge (OXBR) Stock Climbs After-Market On Strong Q3 Progress

    Oxbridge Re Holdings Limited (NASDAQ: OXBR) saw a notable stock increase following its third-quarter 2024 results, business updates, and progress on its Real-World Assets (RWA) tokenized securities initiative. The company’s shares rose by 7.34% to $2.78 in after-hours trading, signaling market confidence in its strategic advances and future growth potential.

    Expanding in Tokenized Reinsurance Through SurancePlus

    Oxbridge Re (OXBR), along with its subsidiaries, is pioneering the RWA space by offering tokenized reinsurance securities primarily targeted at property and casualty insurers along the U.S. Gulf Coast. At the heart of this innovation is SurancePlus, its Web3 subsidiary, which operates on the Avalanche blockchain and delivers securities backed by reinsurance contracts. SurancePlus combines blockchain technology with SEC regulatory compliance, enabling transparent, accessible investment opportunities for a broader audience traditionally excluded due to high financial thresholds.

    Future Growth with High-Yield Tokenized Securities

    To further capitalize on its blockchain-based reinsurance model, Oxbridge has outlined plans to launch two new tranches of tokenized securities. The high-yield token aims for a 42% return, while a balanced-yield token targets 22%. These initiatives are supported by a strategic partnership with Zoniqx, a firm that has enabled over $4 billion in on-chain assets. With a solid, debt-free foundation, OXBR is optimistic that these offerings will drive substantial growth in the RWA market as it moves into its second year of tokenized security issuances.

    Financial Performance Highlights

    Compared to the $7.3 million loss, or $1.24 per share, in the same period previous year, Oxbridge’s net loss of $540,000, or $0.09 per share, was a considerable improvement. This reduction in losses reflects decreased unrealized losses on other investments. Additionally, the company recorded $595,000 in net premiums, up from $549,000 in the prior-year period, attributed to active reinsurance contracts.

    Engagement with Industry Leaders Through Global Events

    As part of its outreach and growth strategy, Oxbridge actively engages with the fintech and blockchain community. Recent event participation includes high-profile gatherings like RWA Day in Salt Lake City, Token 2049 in Singapore, Ripple Swell in Miami, and the Singapore FinTech Festival, where CEO Jay Madhu shared insights as a featured speaker. This engagement underscores OXBR’s commitment to expanding its influence and fostering partnerships within the rapidly evolving RWA landscape.

  • Oxbridge Re Holdings Ltd. (OXBR) Stock Continues Downward Spiral Despite Filing of SPAC Registration Statement

    Oxbridge Re Holdings Ltd. (OXBR) Stock Continues Downward Spiral Despite Filing of SPAC Registration Statement

    Oxbridge Re Holdings Ltd. (OXBR) stock prices were down by 2.52% as of the market closing on July 19th, 2021, bringing the price per share down to USD$3.48 at the end of the trading day. Subsequent premarket fluctuations have seen the stock fall by another 7.47%, bringing it down to USD$3.22.

    Registration Statement Filed

    July 19th, 2021 saw the company’s SPAC and indirect subsidiary, Oxbridge Acquisition, file a Registration Statement on Form S-1 with the Securities and Exchange Commission. The Registration Statement submitted to the SEC was in regard to a proposed initial public offering of the company’s units. The lead investor in Oxbridge Acquisition’s sponsor is the company’s wholly-owned licensed reinsurance subsidiary, Oxbridge Reinsurance Ltd.

    Oxbridge Expansion

    The investment is being made as a part of Oxbridge’s reinsurance business plan, wherein Oxbridge Reinsurance anticipates investing in SPACs that are sponsored and/or managed by OXBR management. The aim of these investments is to facilitate capital growth and surplus of Oxbridge Reinsurance over the long term. Following this move, Oxbridge Acquisitions plans to allocate resources towards the disruptive technology market, with a focus in the insurance technology (InsurTech), blockchain, and AI technology sectors.

    Details of the Offering

    As per the filing of Form S-1, the proposed public offering is anticipated to have a base offering size of USD$100 million, which could be bumped up to USD$115 million in the event of underwriters exercising the over-allotment option in full. With Oxbridge Acquisitions being directly initially owned by OAC sponsor, organized and initiated by the company’s executive officers, OAC is set to own 20% of the common stock issued upon the consummation of the offering.

    Improved Financials

    The quarter ended March 31st, 2021 saw the company report having generated net income in the amount of USD$28,000, representing breaking even on a per basic and diluted common share basis. This is a significant improvement from the USD$264,000 net loss reported for the same quarter of the prior year, which represented a net loss of USD$0.06 per basic and diluted common share. The year-over-year improvement was largely driven by a positive change in the fair value of the company’s equity securities, as compared to the financial markets having been devastated by the onset of the Covid-19 pandemic in the prior-year quarter.

    Future Outlook for OXBR

    Armed with confidence-inspiring improvements in its financials, OXBR is set to expand its foray into burgeoning key sectors such as cryptocurrency and insurance technology. The company is keen to expand its network of acquisitions to usher in significant and sustained growth over the long term.