Oxley Bridge Acquisition Ltd
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Oxley Bridge Acquisition Ltd AI Insights
Informational only. Not investment advice.Snapshot
- Zero revenue SPAC with $257M total assets held in trust. Net income of $2.4M TTM driven entirely by $2.7M gain on sale of securities - no operating business.[Total Revenue / Gain on Sale of Security]
- Cash of $1.1M vs $257M assets - 99.6% of assets in trust, only $1.2M current assets available for operations against $140K current liabilities.[Cash and Equivalents / Total Assets]
- Operating loss of -$219K TTM with G&A of $219K - minimal burn rate but no path to profitability without acquisition target.[Operating Income / G&A Expense]
Watch Triggers
- Total Revenue: Any revenue recognition — Would signal completed acquisition and transition to operating company - fundamental thesis change.
- Cash and Equivalents: Significant increase from $1.1M — Trust redemption or deal closing would materially change cash position and capital structure.
- Volume: Spike above 100K daily — Unusual volume often precedes deal announcements or material news in SPACs.
Bull Case
Trust value of ~$257M provides downside protection near NAV (~$10/share). Shareholders can redeem at trust value if deal is unattractive.
Minimal operating burn (-$219K/yr G&A) preserves trust value while searching for target. Clean balance sheet with zero debt.
Bear Case
No announced target with typical 18-24mo SPAC deadline approaching. Liquidation returns trust value minus expenses - opportunity cost vs alternatives.
Volume of 23K shares/day signals illiquidity risk. Spread costs and exit difficulty could erode any premium to NAV.
Bull vs Bear Balance
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Forward Thesis
SPAC value hinges entirely on deal announcement - binary outcome with no operating fundamentals to analyze.
- Zero revenue operating entity
- Trust value ~$257M sets floor
- Redemption rights protect downside
Valuation Context
Caveats
OBA Fundamentals
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
Beta 5Y (Monthly) | unknown | — |
OBA Dividend History
OBA Stock Splits
OBA SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
05/19/26 | 03/31/26 | 10-Q | |
03/30/26 | 12/31/25 | 10-K | |
11/13/25 | 09/30/25 | 10-Q | |
08/13/25 | 06/30/25 | 10-Q | |
06/25/25 | 03/31/25 | 424B4 | |
09/30/24 | 09/30/24 | DRS/A |