secwatch.observer — SEC 8-K summary
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Issuer:     Oceanhawk Acquisition Corp. (OHAC)
CIK:        0002090787
Form:       8-K
Filed at:   2026-10-06T20:42:23+00:00
Accession:  0001193125-26-415679
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Oceanhawk Acquisition issues $1.55M convertible note to sponsor; converts to units at $10.00 on deal close
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- Unsecured convertible promissory note of $1,550,000 dated September 30, 2026 issued to Oceanhawk Acquisition I Sponsor, LLC; no interest accrues.
- Note automatically converts into private placement units at $10.00 per unit upon closing of the initial business combination, unless payee elects cash at least two business days prior.
- Each unit consists of one ordinary share plus one right to receive one-fourth of one ordinary share; no fractional units issued, cash paid instead.
- Repayable in full at the business combination; if none is completed, repaid only from funds outside the IPO trust account, which payee waives all claims to.
- Default events include 5-business-day payment failure, bankruptcy, cross-default and breach; certain defaults automatically accelerate the unpaid balance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2090787/000119312526415679/0001193125-26-415679-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2090787/000119312526415679/d42114d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-415679

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