Oxley Bridge Acquisition Limited announces IPO of 22 million units at $10.00 each, trading begins on June 25, 2025.
Quiver AI Summary
Oxley Bridge Acquisition Limited announced its initial public offering (IPO) of 22 million units, priced at $10.00 per unit, set to begin trading on Nasdaq on June 25, 2025, under the ticker symbol “OBAWU.” Each unit includes one Class A ordinary share and half a redeemable warrant, with each whole warrant allowing the purchase of one additional share at $11.50. The offering is expected to close on June 26, 2025, and includes an option for underwriters to purchase additional units. The company, a blank check entity, seeks to acquire businesses, with a focus on the global consumer and technology sectors, particularly in Asia but not including China, Hong Kong, or Macau. The management team is led by CEO Jonathan Lin and CFO Gary Chan. The IPO is facilitated by Cantor Fitzgerald & Co., and a registration statement has been filed with the SEC.
Potential Positives
- Oxley Bridge Acquisition Limited successfully priced its initial public offering (IPO) at $10.00 per unit, indicating strong investor interest and confidence in the company's potential.
- The units from the IPO are expected to be listed on Nasdaq, which could enhance the company's visibility and credibility in the financial markets.
- The company has a clear acquisition strategy focused on global consumer and technology sectors, suggesting potential for significant growth and value creation post-IPO.
- The grant of a 45-day option for underwriters to purchase additional units demonstrates confidence in the offering and allows for potential expansion of capital raised.
Potential Negatives
- The press release includes a disclaimer that the offering discussed may not be completed on the terms described, or at all, indicating potential uncertainties in the offering process.
- The company is classified as a blank check company, which may raise concerns among investors regarding the lack of a defined business model or target acquisition leading into the IPO.
- The company plans to exclude major markets such as the People’s Republic of China, Hong Kong, and Macau from its focus, which could limit its growth potential in the lucrative Asian market.
FAQ
What is the IPO price for Oxley Bridge Acquisition Limited?
The initial public offering price is set at $10.00 per unit.
When will Oxley Bridge’s units begin trading on Nasdaq?
The units are expected to begin trading on June 25, 2025.
What does each unit consist of in Oxley Bridge’s IPO?
Each unit includes one Class A ordinary share and one-half of one redeemable warrant.
What is the purpose of Oxley Bridge Acquisition Limited?
The company aims to effect a merger or similar business combination with other businesses.
Who is leading the management team of Oxley Bridge?
The management team is led by Jonathan Lin, the CEO, and Gary Chan, the CFO.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
Vancouver, BC, June 24, 2025 (GLOBE NEWSWIRE) -- Oxley Bridge Acquisition Limited (the “Company”) announced today the pricing of its initial public offering of 22,000,000 units at a price of $10.00 per unit. The units are expected to be listed on The Nasdaq Global Stock Market LLC (“Nasdaq”) and begin trading on June 25, 2025, under the ticker symbol “OBAWU.” Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. An amount equal to $10.00 per unit will be deposited into a trust account upon the closing of the offering. Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “OBA” and “OBAWW,” respectively. The offering is expected to close on June 26, 2025, subject to customary closing conditions. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,300,000 units at the initial public offering price to cover over-allotments, if any.
The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution. The Company’s primary focus, however, will be to search globally for a target with operations or prospects focusing on global consumer and technology sectors with disruptive growth potential through the use of technology that can benefit from operations in Asia, excluding the People’s Republic of China, Hong Kong and Macau.
The Company’s management team is led by Jonathan Lin, its Chief Executive Officer and Chairman of the Board of Directors (the “Board”), and Gary Chan, its Chief Financial Officer. The Board also includes Norma Chu, Enrique Gonzalez, Gan Wee Leong, and Jack Cho.
Cantor Fitzgerald & Co. is acting as sole book-running manager for the offering.
The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, New York, New York 10022, or by email at [email protected] ,or by accessing the SEC’s website, www.sec.gov.
A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on June 24, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the expected closing of the proposed initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all.
Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov . The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Investor Contacts
Oxley Bridge Acquisition Limited
Jonathan Lin
[email protected]
(778)-653-3584