Monitor for any target announcement or definitive agreement, which will drive the next significant price move. The SPAC has 18-24 months to complete a business combination; no target identified yet.
Price Chart
Executive Summary
Ocean Capital Acquisition Corporation, a blank-check SPAC, priced its IPO of 10,000,000 units at $10.00 per unit, raising $100 million (before over-allotments). Each unit consists of one ordinary share, one redeemable warrant (strike $11.50), and one right to receive an ordinary share upon a business combination. The units begin trading on NYSE under 'OCACU' on June 9, 2026. This is a routine SPAC IPO with no target identified yet.
Key Financial Metrics
Key Facts
- IPO of 10,000,000 units at $10.00 per unit, gross proceeds $100 million.
- Each unit: one ordinary share + one redeemable warrant ($11.50 strike) + one right to receive one ordinary share upon initial business combination.
- Units trade on NYSE under 'OCACU' starting June 9, 2026; separate trading of shares ('OCAC'), warrants ('OCACW'), and rights ('OCACR') expected later.
- A.G.P./Alliance Global Partners is sole book-runner; Brookline Capital Markets is co-manager.
- Underwriters have a 45-day option to purchase up to 1,500,000 additional units for over-allotments.
- Registration statement on Form S-1 (File No. 333-282462) declared effective June 8, 2026.
- Company is a blank-check SPAC targeting any industry for a business combination.
- IPO expected to close June 10, 2026.
Financial Impact
Gross proceeds of $100 million from IPO; up to $115 million if over-allotment fully exercised.
Risk Factors
- No target identified — risk of failing to complete a business combination within the required timeframe.
- Dilution from warrants and rights upon exercise/conversion.
- SPAC market conditions and regulatory environment could affect ability to close a deal.
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3308500 |
US Market Status
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