OXSQGMEDIUM SIGNALFINANCIAL10-K

OXSQG completed a systematic debt reduction strategy by fully redeeming $44.8 million in 6.25% Unsecured Notes through three separate transactions during fiscal 2025.

The company demonstrated strong capital allocation discipline by eliminating its entire 6.25% note obligation through staged redemptions, which should reduce future interest expenses and improve financial flexibility. The delisting of these notes from NASDAQ following the final redemption confirms the complete retirement of this debt instrument.

Comparing 2026-03-06 vs 2025-03-05View on EDGAR →
FINANCIAL ANALYSIS

The balance sheet reflects improved liquidity with cash and equivalents growing meaningfully to $51.9 million from $34.9 million, providing enhanced financial cushion. Total liabilities increased modestly by 16% to $161.3 million, though this appears temporary given the systematic debt reduction activities described in the filing. The overall financial picture suggests active liability management with strengthened cash reserves supporting operational flexibility.

FINANCIAL STATEMENT CHANGES
Cash & Equivalents
Balance Sheet
+48.7%
$34.9M→$51.9M

Cash position surged 48.7% — strong cash generation or capital raise providing significant financial cushion.

Total Liabilities
Balance Sheet
+16%
$139.1M→$161.3M

Liabilities increased 16% — monitor debt-to-equity ratio and interest coverage.

LANGUAGE CHANGES
NEW — 2026-03-06
PRIOR — 2025-03-05
ADDED
There were 87,510,727 shares of the Registrant s common stock outstanding as of March 2, 2026.
The 6.25% Unsecured Notes would have matured on April 30, 2026, and could have been redeemed in whole or in part at any time or from time to time at our option (on or after April 30, 2022).
On June 13, 2025, the Company redeemed $10.0 million in aggregate principal amount of the 6.25% Unsecured Notes.
On July 18, 2025, the Company redeemed $10.0 million in aggregate principal amount of the 6.25% Unsecured Notes.
On September 19, 2025, the Company redeemed the remaining $24.8 million in aggregate principal amount of the 6.25% Unsecured Notes.
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REMOVED
There were 69,789,527 shares of the Registrant s common stock outstanding as of February 27, 2025.
6.50% Unsecured Notes On April 12, 2017, we completed an underwritten public offering of approximately $64.4 million in aggregate principal amount of our 6.50% unsecured notes due 2024, or the 6.50% Unsecured Notes.
On July 24, 2023, the Company redeemed $40.0 million in aggregate principal amount of the 6.50% Unsecured Notes.
On September 11, 2023, the Company redeemed $10.0 million in aggregate principal amount of the 6.50% Unsecured Notes.
On November 3, 2023, the Company redeemed $7.0 million in aggregate principal amount of the 6.50% Unsecured Notes.
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