OBAMEDIUM SIGNALFINANCIAL10-Q

OBA completed a share capitalization in May 2025, issuing 575,000 additional Founder Shares and retroactively restating all share-related amounts in its Q3 filing.

As a SPAC (blank check company) incorporated in August 2024, OBA's share capitalization represents a routine pre-IPO adjustment to optimize its capital structure ahead of its public offering that became effective in June 2025. The retroactive restatement of share amounts indicates proper accounting treatment but requires investors to interpret historical comparisons carefully given the adjusted share base.

Comparing 2025-11-13 vs 2025-08-13View on EDGAR →
FINANCIAL ANALYSIS

OBA's balance sheet shows current assets declining modestly from $1.4M to $1.2M, reflecting typical cash utilization for a newly public SPAC managing operating expenses while searching for acquisition targets. The financial picture remains consistent with a recently launched blank check company in its early operational phase, with the primary focus on capital deployment rather than operational cash generation.

FINANCIAL STATEMENT CHANGES
Current Assets
Balance Sheet
-14.3%
$1.4M→$1.2M

Current assets declined 14.3% — monitor working capital adequacy and short-term liquidity.

LANGUAGE CHANGES
NEW — 2025-11-13
PRIOR — 2025-08-13
ADDED
oba-20250930 http://fasb.org/srt/2025#ChiefFinancialOfficerMember 98-0181002 0002034313 false Q3 --12-31 In May 2025, the Company effected a share capitalization pursuant to which the Company issued an additional 575,000 Founder Shares resulting in an aggregate of 6,325,000 Founder Shares outstanding to the Sponsor.
All shares and associated amounts have been retroactively restated to reflect the share capitalization (Note 5 and 7).
All shares and associated amounts have been retroactively restated to reflect the share capitalization (Note 5 and 7).
(2) Includes up to 825,000 Class B Ordinary Shares subject to forfeiture if the Over-Allotment Option was not exercised in full or in part by the Underwriters (Note 7).
The accompanying notes are an integral part of these unaudited condensed financial statements.
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REMOVED
1 Condensed Balance Sheets as of June 30, 2025 (Unaudited) and December 31, 2024 (Audited) 1 Unaudited Condensed Statements of Operations for the Three and Six Months Ended June 30, 2025 2 Unaudited Condensed Statements of Changes in Shareholders Deficit for the Three and Six Months Ended June 30, 2025 3 Unaudited Condensed Statement of Cash Flows for the Six Months Ended June 30, 2025 4 Notes to Unaudited Condensed Financial Statements 5 Item 2.
4 OXLEY BRIDGE ACQUISITION LIMITED NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS JUNE 30, 2025 Note 1 Description of Organization, Business Operations and Liquidity and Capital Resources Oxley Bridge Acquisition Limited (the Company ) is a blank check company incorporated as a Cayman Islands exempted company on August 6, 2024.
As of June 30, 2025, the Company has not commenced any operations.
All activity for the period from August 6, 2024 (inception) through June 30, 2025 relates to the Company s formation and the Initial Public Offering (as defined below), and following the Initial Public Offering, the search for an initial Business Combination.
333-287816), was declared effective on June24, 2025 (the IPO Registration Statement ).
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