OCA Acquisition Corp.: debt financing — OCA Acquisition draws $90K to extend SPAC deadline to August 20, 2023

OCA Acquisition Corp.

Fourth of nine possible one-month extensions; new deadline August 20, 2023.
Draw of $90,000 under $1.08M promissory note from OCA Acquisition Holdings LLC.
Note carries no interest; $630,000 outstanding as of July 20, 2023.
Extension funds deposited into trust account for public stockholders.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.98

OCA Acquisition Corp. incurred loan of $90,000 with OCA Acquisition Holdings LLC at does not bear interest maturing upon closing of the Company's initial business combination.

Instrument: loan
Principal: $90,000
Counterparty: OCA Acquisition Holdings LLC
Rate: does not bear interest
Maturity: upon closing of the Company's initial business combination
Event: incurrence

Exact text from the filing

On July 12, 2023, the board of directors of OCA Acquisition Corp., a Delaware corporation (the “ Company ”), approved a draw of an aggregate of $90,000 (the “ Extension Funds ”) pursuant to the Promissory Note, dated as of January 19, 2023, between the Company and OCA Acquisition Holdings LLC (the “ Note ”), which Extension Funds the Company deposited into the Company’s trust account for its public stockholders on July 20, 2023.

View on SEC.gov

Browse all debt financings →

Source: SEC EDGAR

accession 0001213900-23-058522

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.