<?xml version="1.0" encoding="US-ASCII"?>
<!-- Generated by CompSci Transform (tm) - http://www.compsciresources.com -->
<!-- Created: Thu Apr 16 17:20:33 UTC 2026 -->
<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <loc xlink:type="locator" xlink:label="oxsq_CommonStocksMember" xlink:href="oxsq-20260416.xsd#oxsq_CommonStocksMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="oxsq_CommonStocksMember_lbl" xml:lang="en-US">Common Stock [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxsq_CommonStocksMember" xlink:to="oxsq_CommonStocksMember_lbl"/>
    <loc xlink:type="locator" xlink:label="oxsq_InvestmentAssumingWithoutRealizedGainsMember" xlink:href="oxsq-20260416.xsd#oxsq_InvestmentAssumingWithoutRealizedGainsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="oxsq_InvestmentAssumingWithoutRealizedGainsMember_lbl" xml:lang="en-US">Investment, Assuming Without Realized Gains [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxsq_InvestmentAssumingWithoutRealizedGainsMember" xlink:to="oxsq_InvestmentAssumingWithoutRealizedGainsMember_lbl"/>
    <loc xlink:type="locator" xlink:label="oxsq_InvestmentAssumingWithRealizedGainsMember" xlink:href="oxsq-20260416.xsd#oxsq_InvestmentAssumingWithRealizedGainsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="oxsq_InvestmentAssumingWithRealizedGainsMember_lbl" xml:lang="en-US">Investment, Assuming With Realized Gains [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxsq_InvestmentAssumingWithRealizedGainsMember" xlink:to="oxsq_InvestmentAssumingWithRealizedGainsMember_lbl"/>
    <loc xlink:type="locator" xlink:label="oxsq_PreferredStocksMember" xlink:href="oxsq-20260416.xsd#oxsq_PreferredStocksMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="oxsq_PreferredStocksMember_lbl" xml:lang="en-US">Preferred Stock [Member]</label>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxsq_PreferredStocksMember" xlink:to="oxsq_PreferredStocksMember_lbl"/>
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