Oxley Acquisition Corp I is a SPAC (blank check company) incorporated in the Cayman Islands in August 2024. Oxley raised $253M in its June 2025 IPO and is searching for a single acquisition target in the consumer and technology sectors, with a focus on businesses operating in or growing into Asia (excluding China, Hong Kong, and Macau). The management team, led by CEO Jonathan Lin through sponsor Oxley Bridge Holdings, is targeting companies with enterprise values of roughly $500M to $1B. IPO proceeds are held in a trust account, which had grown to approximately $258M as of December 31, 2025. Oxley has until June 26, 2027 to complete a business combination, or it must liquidate and return trust funds to public shareholders. The sponsor received Founder Shares at a nominal price representing approximately 20% of post-IPO equity — the standard SPAC promote structure — meaning the sponsor only profits if a deal closes. Public shareholders who bought units at $10.00 can redeem shares at approximately $10.21 (trust value per share) if they dislike the proposed deal or if no deal closes. Each unit also included one-half of a public warrant exercisable at $11.50 per share, providing upside if the post-merger stock trades above that level. As of the filing date, no acquisition target has been identified.
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