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Allan Martin, a ten percent owner of OXBRIDGE RE HOLDINGS Ltd (NASDAQ:OXBR), sold 1,000 shares of the company’s stock on July 7, 2025, according to a Form 4/A filing with the Securities and Exchange Commission. The shares were sold at a price of $1.94, for a total transaction value of $1940. The sale occurred below the current market price of $2.37, with the stock showing significant volatility over the past six months, declining by ~44%. InvestingPro analysis indicates the company’s overall financial health score is "Fair." Following the transaction, Martin directly owns 239,631 ordinary shares jointly with his wife, Marie Martin. With OXBR’s market capitalization of $17.4 million, Martin’s stake remains significant. For deeper insights into OXBR’s valuation and 12 additional exclusive ProTips, visit InvestingPro.
In other recent news, Oxbridge Re Holdings Ltd has entered into a $5 million Equity Distribution Agreement with Maxim Group LLC. This agreement permits the company to sell its ordinary shares through Maxim Group as its sales agent. The company has stated that the agreement will remain active until all $5 million in shares are sold or either party terminates the agreement with a 30-day notice. Under this arrangement, Maxim Group will receive a commission of 3.0% of the gross proceeds from any shares sold. Oxbridge Re Holdings has indicated that the sales will be conducted as "at-the-market" offerings, which may include transactions on the Nasdaq Capital Market. The company is not required to sell any shares and will direct the sales agent on the specifics of timing, price, and quantity. This new agreement supersedes a previous sales agreement with Maxim Group, under which $4.6 million in shares were sold. The company plans to use the proceeds for general corporate purposes, including funding its reinsurance operations.
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