Monitor for any announcement of a target business combination, as the company has 12 months to complete a deal. The stock will trade based on the probability of a successful merger and the value of the trust account. Watch for any extension votes or redemption activity.
Price Chart
Executive Summary
Ocean Capital Acquisition Corp (OCAC) filed an 8-K reporting the consummation of its initial public offering (IPO) on June 10, 2026. The company sold 11,500,000 units at $10.00 per unit, including full exercise of the over-allotment option, generating gross proceeds of $115,000,000, with an additional $1,500,000 from a private placement to the sponsor. The net proceeds were placed in a trust account, and the filing includes an audited balance sheet reflecting the IPO closing.
Key Facts
- IPO of 11,500,000 units at $10.00/unit, gross proceeds of $115,000,000
- Full exercise of underwriter over-allotment option of 1,500,000 units
- Private placement of 150,000 units to sponsor for $1,500,000
- $115,000,000 placed in trust account ($10.00 per unit)
- Audited balance sheet as of June 10, 2026 shows $115,320,557 in total assets
- Company has 12 months (extendable to 36 months) to complete a business combination
- Going concern qualification noted due to risk of not completing a business combination
Financial Impact
IPO raised $115,000,000 gross; private placement raised $1,500,000; trust account holds $115,000,007
Risk Factors
- Failure to complete a business combination within 12-36 months would trigger liquidation and redemption of public shares at ~$10.00 per share
- Shareholder redemptions could reduce trust account balance below $10.00 per share
- Warrants and rights expire worthless if no business combination is completed
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-028972 |
| Document: form8-k.htm | 0001493152-26-028972 |
| Document: 0001493152-26-028972-index-headers.html | 0001493152-26-028972 |
| Document: 0001493152-26-028972-index.html | 0001493152-26-028972 |
| Document: 0001493152-26-028972.txt | 0001493152-26-028972 |
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 | — | — |
US Market Status
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