---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-026420"
form_type: "8-K"
ticker: null
cik: "0001945422"
company_name: "Oak Woods Acquisition Corp"
filed_at: "2023-04-03T23:59:59+00:00"
generated_at: "2026-06-17T07:20:26.676125+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Oak Woods Acquisition closes $57.5M SPAC IPO, $58.5M in trust

## Summary
- IPO of 5,750,000 units at $10.00/unit, including full over-allotment exercise by underwriters.
- Gross proceeds of $57.5M from IPO; $3.4M private placement from sponsor Whale Bay International.
- Total of $58,506,250 deposited into trust account for public stockholders.
- Units trade on Nasdaq under OAKUU; shares, rights, warrants will trade under OAKU, OAKUR, OAKUW.
- SPAC targets tech-enabled healthcare services in Asia-Pacific; led by CEO Lixin Zheng.

## SEC filing metadata
- accession: 0001213900-23-026420
- form_type: 8-K
- cik: 0001945422
- company_name: Oak Woods Acquisition Corp
- filed_at: 2023-04-03T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1945422/000121390023026420/0001213900-23-026420-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1945422/000121390023026420/ea176318-8k_oakwoodsacq.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-026420
- JSON: https://secwatch.observer/filing/0001213900-23-026420.json
- Plain text: https://secwatch.observer/filing/0001213900-23-026420.txt

## Key facts
- Governance Changes
  Oak Woods Acquisition Corp: Filed Amended and Restated Memorandum and Articles of Association in connection with IPO (effective 2023-03-27).
  - Change: charter amendment
  - Effective: 2023-03-27
  source text: On March 27, 2023 in connection with the IPO, the Company filed its Amended and Restated Memorandum and Articles of Association in the Cayman Islands, effective the same day.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1945422/000121390023026420/0001213900-23-026420-index.htm
- Material Agreements
  Oak Woods Acquisition Corp entered into Underwriting Agreement with EF Hutton, division of Benchmark Investments, LLC valued at Gross proceeds from IPO: $57,500,000; net proceeds deposited in trust: $58,506,250 (effective 2023-03-23).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: EF Hutton, division of Benchmark Investments, LLC
  - Value: Gross proceeds from IPO: $57,500,000; net proceeds deposited in trust: $58,506,250
  - Effective: 2023-03-23
  source text: Item 1.01. Entry into a Material Definitive Agreement. On March 23, 2023, the registration statement (File No. 333-269862) (the “Registration Statement”) relating to the initial public offering (“IPO”) of Oak Woods Acquisition Corporation (the “Company”) was declared effective by the Securities and Exchange Commission. In connection therewith, the Company entered into the following agreements: ■ An Underwriting Agreement, dated March 23, 2023, by and between the Company and EF Hutton, division of Benchmark Investments, LLC (“EF Hutton”), as representative of the underwriters;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1945422/000121390023026420/0001213900-23-026420-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.