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Allan Martin, a ten percent owner of OXBRIDGE RE HOLDINGS (NASDAQ:OXBR), reported selling shares of the company in two transactions, totaling $6894. The sales occurred on July 17 and July 18, 2025. The transactions come as the small-cap reinsurance company, with a market capitalization of $17.32 million, has seen its stock decline by roughly 47% over the past six months. According to InvestingPro analysis, OXBR’s stock typically exhibits high price volatility, and the company currently shows a WEAK overall financial health score.
On July 17, Martin sold 1,000 ordinary shares at a price of $2.2725 per share. The following day, July 18, he sold 2,000 ordinary shares at $2.3109 per share. With the company’s next earnings report scheduled for August 18, 2025, InvestingPro subscribers can access 11 additional exclusive tips and comprehensive analysis through the Pro Research Report, helping investors make more informed decisions about OXBR’s outlook.
Following these transactions, Martin directly holds 236,131 ordinary shares jointly with his wife, Marie Martin. He also indirectly holds 68,770 shares through Fleur de Lis Partners, LLLP, and 102,223 shares through the Martin Family Foundation, Inc.
In other recent news, Oxbridge Re Holdings Ltd announced it has entered into an Equity Distribution Agreement with Maxim Group LLC to offer and sell up to $5 million of its ordinary shares. The agreement allows the company to sell shares periodically through Maxim Group, acting as its sales agent. According to a filing with the Securities and Exchange Commission, the agreement will remain active until all shares are sold or either party terminates it with 30 days’ notice. Oxbridge Re Holdings will pay Maxim Group a commission of 3.0% of the gross proceeds from any shares sold. This new agreement replaces a prior sales agreement with Maxim Group, under which the company sold $4.6 million in shares. The company plans to use the net proceeds for general corporate purposes, including funding its reinsurance operations. Pending use, proceeds may be invested in short-term, investment-grade, interest-bearing instruments or held as cash. Oxbridge Re Holdings has registered up to $517,745 in ordinary shares under its existing shelf registration statement for this offering. Legal counsel Maples and Calder (Cayman) LLP has provided a legal opinion related to the shares.
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