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Allan Martin, a ten percent owner of OXBRIDGE RE HOLDINGS Ltd (NASDAQ:OXBR), a company with a market capitalization of $16.9 million, sold 2,000 ordinary shares on July 14, 2025. The shares were sold at $2.4478, slightly above the current trading price of $2.30. According to InvestingPro, OXBR stock has shown significant price volatility, with a 44% decline over the past six months despite recent positive momentum.
Following the transaction, Martin directly owns 237,131 ordinary shares jointly with his wife, Marie Martin. He also indirectly holds 68,770 shares through Fleur de Lis Partners, LLLP, where he serves as the general partner, and 104,223 shares through the Martin Family Foundation, Inc., where he is a director. He disclaims beneficial ownership of these indirectly held shares except to the extent of his pecuniary interest. InvestingPro analysis reveals 12 additional investment tips and comprehensive financial metrics for OXBR, helping investors make more informed decisions.
In other recent news, Oxbridge Re Holdings Ltd has entered into an Equity Distribution Agreement with Maxim Group LLC to offer and sell up to $5 million of its ordinary shares. This agreement allows the company to sell shares periodically through Maxim Group, acting as its sales agent. According to a Securities and Exchange Commission filing, the agreement will remain active until all $5 million in shares are sold or either party terminates it with a 30-day notice. Oxbridge Re Holdings will pay Maxim Group a commission of 3.0% of the gross proceeds from any shares sold under this agreement. The sales are classified as "at-the-market" offerings under SEC rules, which include transactions on the Nasdaq Capital Market. The company is not obligated to sell shares and will control the timing, price, and amount of shares sold. This new agreement replaces a previous one with Maxim Group, under which $4.6 million in shares were sold. Oxbridge Re Holdings plans to use the net proceeds for general corporate purposes, including funding its reinsurance operations.
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