This is a routine board refresh for a SPAC with no immediate trading catalyst. Monitor for any future 8-K regarding a definitive business combination agreement, which would be the primary value-driving event for OCAC units, shares, rights, and warrants.
Price Chart
Executive Summary
Ocean Capital Acquisition Corp (OCAC), a SPAC, announced the resignations of two directors, Hin Wing (Simon) Wong and Hiu Man (Elliott) Cheng, effective August 14, 2026, with no stated disagreement. The board simultaneously appointed two new independent directors, Wei-Chieh Hao (effective Aug 16) and Richard T. Betts (effective Aug 18), to fill the vacancies and chair key committees. This is a routine board refresh for a pre-business-combination SPAC with no material financial impact or change in strategic direction.
Key Facts
- Two directors (Hin Wing Wong and Hiu Man Cheng) resigned effective August 14, 2026, with no disagreement disclosed.
- Two new independent directors appointed: Wei-Chieh Hao (Aug 16) as Chair of Governance/Nominating and Compensation Committees, and Richard T. Betts (Aug 18) as Chair of the Audit Committee.
- Mr. Hao receives no cash or equity compensation pre-business combination; Mr. Betts is entitled to an indirect economic interest in 20,000 insider shares from the Sponsor, contingent on deal closing.
- The appointments fill vacancies created by the resignations, maintaining a full board for a SPAC seeking a business combination.
Financial Impact
No material financial impact. Director compensation for Betts is contingent on a future business combination and is an indirect interest in 20,000 insider shares held by the Sponsor.
Risk Factors
- SPACs face inherent risk of failing to consummate a business combination within the required timeframe, leading to liquidation.
- New directors have no disclosed prior relationship with the target or sponsor, adding uncertainty to the deal process.
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-039125 |
| Exhibit: ex10-2.htm | 0001493152-26-039125 |
| Exhibit: ex10-1.htm | 0001493152-26-039125 |
| Document: 0001493152-26-039125-index-headers.html | 0001493152-26-039125 |
| Document: 0001493152-26-039125-index.html | 0001493152-26-039125 |
| Document: 0001493152-26-039125.txt | 0001493152-26-039125 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 21, 2026 5w ago | 8-K | $9.98 $9.98 | · 0.00% | ▲ +0.91% | $9.99 (+0.10%) |
Sep 11, 2026 6w ago | 8-K | $9.98 $9.99 | ▲ +0.10% | ▼ −1.77% | $9.99 (+0.10%) |
Aug 31, 2026 8w ago | 8-K | $9.97 $9.99 | ▼ −0.20% | ▼ −0.39% | $9.99 (−0.20%) |
Aug 19, 2026 9w ago | 8-K | $9.92 $9.98 | ▲ +0.60% | ▲ +2.56% | $9.99 (+0.71%) |
Jul 29, 2026 12w ago | 8-K | — | awaiting T+20 | — | — |
Jun 16, 2026 18w ago | 8-K | — | awaiting T+20 | — | — |
Jun 10, 2026 19w ago | 424B4 | $10.19 $10.24 | ▲ +0.54% | ▼ −3.35% | $9.99 (−1.91%) |
Jun 9, 2026 19w ago | EFFECT | — | awaiting T+20 | — | — |
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