secwatch.observer — SEC 8-K summary
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Issuer:     OCA Acquisition Corp. (—)
CIK:        0001820175
Form:       8-K
Filed at:   2023-05-19T23:59:59+00:00
Accession:  0001213900-23-041295
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

OCA Acquisition Corp. draws $90,000 to extend business combination deadline to June 20, 2023
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- Board of directors approved draw of $90,000 from Promissory Note with OCA Acquisition Holdings LLC on May 16, 2023.
- Funds deposited into trust account on May 18, 2023, extending the deadline from May 20, 2023 to June 20, 2023.
- Extension is the second of nine permitted monthly extensions under the company's amended charter.
- Note is non-interest bearing, matures upon closing of initial business combination, and up to $1,080,000 can be converted into warrants at $1.00 each.
- If no business combination consummated, note repaid only from funds outside trust account or forgiven.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820175/000121390023041295/0001213900-23-041295-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820175/000121390023041295/ea178841-8k_ocaacq.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-041295

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