Oxley Bridge Acquisition Limited Announces the Pricing of $220,000,000 Initial Public Offering

Rhea-AI Summary

Oxley Bridge Acquisition Limited (NASDAQ: OBA) has announced the pricing of its $220 million initial public offering, consisting of 22 million units at $10.00 per unit. Each unit includes one Class A ordinary share and one-half redeemable warrant, with whole warrants exercisable at $11.50 per share.

Trading will commence on June 25, 2025 under symbol "OBAWU" on Nasdaq, with the shares and warrants later trading separately as "OBA" and "OBAWW". The company is a blank check company targeting global consumer and technology sectors with disruptive growth potential in Asia (excluding China, Hong Kong, and Macau).

The IPO, managed by Cantor Fitzgerald & Co., includes a 45-day over-allotment option for an additional 3.3 million units.

Positive

• Substantial IPO size of $220 million demonstrates strong initial capital base
• Strategic focus on high-growth Asian markets excluding China
• Experienced management team with regional expertise
• 45-day over-allotment option could increase total proceeds by $33 million

Negative

• No specific target business identified yet
• Blank check company structure carries inherent investment risks
• Warrants may cause future dilution for shareholders

Insights

SPAC and IPO Specialist

Oxley Bridge's $220M SPAC IPO brings a new Asia-focused acquisition vehicle to market with standard SPAC terms but faces a challenging environment.

Oxley Bridge Acquisition Limited has priced its SPAC IPO at $220 million, with units priced at the standard $10.00 each. The offering follows the typical SPAC structure with each unit comprising one Class A ordinary share and one-half warrant exercisable at $11.50. The entire $10.00 per unit will be placed in trust, which is the standard arrangement for investor protection.

The company's focus on "global consumer and technology sectors with disruptive growth potential through the use of technology that can benefit from operations in Asia" indicates a targeted approach rather than a broad mandate. Notably, they've explicitly excluded China, Hong Kong, and Macau from their target geography, likely responding to increased regulatory concerns and investor wariness around Chinese assets.

The management team appears to have Asian business connections, with CEO Jonathan Lin leading a team that includes members with diverse backgrounds. Cantor Fitzgerald serving as the sole book-runner suggests a more streamlined underwriting approach than SPACs with multiple banks involved.

The 45-day over-allotment option of $33 million (3.3 million additional units) is standard practice, giving underwriters flexibility based on market demand. With trading set to begin June 25th under "OBAWU" and the separate trading of shares ("OBA") and warrants ("OBAWW") to follow, this SPAC enters a market that has seen diminished enthusiasm compared to the 2020-2021 SPAC boom. The timeline from pricing to closing is typical at two days, suggesting no unusual complications in the offering process.

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 prospectus@cantor.com,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
jonathan.lin@l2capm.com
(778)-653-3584

FAQ

What is the IPO price and size for Oxley Bridge Acquisition (OBA)?

Oxley Bridge Acquisition priced its IPO at $10.00 per unit for a total of $220 million, consisting of 22 million units.

When will OBA stock start trading on Nasdaq?

OBA units will begin trading on June 25, 2025 under symbol 'OBAWU'. The Class A shares and warrants will later trade separately as 'OBA' and 'OBAWW'.

What is included in each OBA IPO unit?

Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant allows purchase of one Class A share at $11.50 per share.

What is Oxley Bridge Acquisition's business focus?

OBA is a blank check company targeting businesses in global consumer and technology sectors with disruptive growth potential, focusing on Asian markets (excluding China, Hong Kong, and Macau).

Who are the key executives leading Oxley Bridge Acquisition?

The company is led by Jonathan Lin as CEO and Chairman, and Gary Chan as CFO, with board members including Norma Chu, Enrique Gonzalez, Gan Wee Leong, and Jack Cho.