Oxbridge Re Holdings (OXBR) has released an update to notify the public and investors about a material modification to rights of security holders.
Oxbridge Re Holdings Limited extended the expiration date of its outstanding Warrants to March 26, 2029, or an earlier cancellation date if certain trading conditions are met. This was accomplished through Amendment #2 to the original Warrant Agreement. The Warrants, which allow holders to purchase shares of the company at $7.50 each, were initially issued during the April 2014 initial public offering and were set to expire in March 2019.
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For a comprehensive understanding of the announcement, you can read the full document here.
