EX-FILING FEES 19 tm2432191d7_ex-filingfees.htm EX-FILING FEES

Exhibit 107

Calculation of Filing Fee Tables

Form S-4

(Form Type)

Ranger Bermuda Topco Ltd

(Exact Name of Registrant as Specified in its Charter)

Table 1: Newly Registered and Carry Forward Securities

Security Type

Security Class Title

Fee Calculation or Carry Forward Rule

Amount Registered

Proposed Maximum Offering Price Per Unit

Maximum Aggregate Offering Price

Fee Rate

Amount of Registration Fee

Carry Forward Form Type

Carry Forward File Number

Carry Forward Initial Effective Date

Filing Fee Previously Paid In Connection with Unsold Securities to be Carried Forward

Newly Registered Securities

Fees to be Paid

Equity

Common Shares, par value $0.01 per share

Rule 457(c) and Rule 457(f)(1)

(1) 148,933,281

N/A

$121,380,624(2)

0.00015310

$18,584

Fees Previously Paid

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Carry Forward Securities

Carry Forward Securities

N/A

Total Offering Amounts

$121,380,624

$18,584

Total Fees Previously Paid

N/A

Total Fee Offsets

N/A

Net Fee Due

$18,584

(1)   Represents the estimated maximum number of common shares, par value $0.01 per share (the “Bermuda NewCo common shares”) of Ranger Bermuda Topco Ltd (the “Registrant”) to be issued upon the completion of the mergers and other transactions contemplated by the Combination Agreement (collectively, the “transaction”), dated as of December 29, 2024, by and among the Registrant, Kestrel Group LLC, the Equityholders of Kestrel Group LLC named therein, Maiden Holdings, Ltd. (“Maiden”), Ranger U.S. NewCo LLC, Ranger Bermuda Merger Sub Ltd and Ranger Merger Sub 2 LLC and is estimated based upon the sum of (i) 143,789,931 Maiden common shares, par value $0.01 per share (“Maiden shares”) outstanding as of March 3, 2025; and (ii) 5,143,350 Maiden shares underlying options and restricted shares of Maiden that will convert into options and restricted shares of the Registrant upon closing of the transaction.

(2)   Estimated solely for purposes of calculating the registration fee required by Section 6(b) of the Securities Act of 1933, as amended (the “Securities Act”), and calculated pursuant to Rules 457(c) and 457(f)(1) under the Securities Act. The proposed maximum aggregate offering price of the Bermuda NewCo common shares was calculated as the product of (i) $0.815, the average of the high and low prices of Maiden shares as of March 4, 2025, which is within five business days prior to the filing of this Registration Statement on Form S-4 and (ii) 148,933,281, the number of Bermuda NewCo common shares that may be issued in exchange for Maiden shares, calculated in accordance with footnote (1) above.