Oxley Bridge (OBA) notifies late 10-Q filing; Q1 net income $2.12M
Rhea-AI Filing Summary
Oxley Bridge Acquisition Limited notifies the SEC it cannot timely file its Form 10-Q for the quarter ended March 31, 2026 and states it needs additional time to obtain requisite approvals; the company anticipates filing within the five-day grace period provided by Rule 12b-25.
For the three months ended March 31, 2026, the company reports net income of $2,116,110, driven by income on investments held in the Trust Account of $2,270,574 and dividend income of $7,813, partially offset by formation, general and administrative expenses of $124,777 and administrative expenses – related party of $37,500. For the three months ended March 31, 2025, it reported a net loss of $12,962.
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Insights
NT 10-Q cites approval timing; preliminary results disclosed.
The filing explains the registrant could not file its Form 10-Q on time because it requires additional approvals. It states an intent to use the five-day grace period provided by Rule 12b-25, which is a procedural remedy for short delays.
The excerpt discloses preliminary financials: net income $2,116,110 for Q1 2026 versus a net loss $12,962 in Q1 2025. Subsequent filings should confirm these amounts when the Form 10-Q is submitted.
Key Figures
Key Terms
Rule 12b-25 regulatory
Trust Account financial
Form 10-Q regulatory
FAQ
What does Oxley Bridge (OBA) say about the late Form 10-Q filing?
What were Oxley Bridge's reported results for the quarter ended March 31, 2026?
How do the Q1 2026 results compare to Q1 2025 for OBA?
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What cash or investment items are cited in the notification?
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