secwatch.observer — SEC 8-K summary
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Issuer:     OCA Acquisition Corp. (—)
CIK:        0001820175
Form:       8-K
Filed at:   2023-11-21T23:59:59+00:00
Accession:  0001213900-23-089271
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

OCA Acquisition Corp. draws $90k for eighth one-month extension to Dec. 20, 2023
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- Board approved $90,000 draw under promissory note to trust account on Nov. 16, 2023.
- Extension moves business combination deadline from Nov. 20 to Dec. 20, 2023 (eighth of nine allowed).
- Note bears no interest, matures upon business combination; repayment limited to funds outside trust if no deal.
- Up to $1,080,000 principal may convert into warrants at $1.00 each; $990,000 outstanding as of Nov. 21.
- Extension provides additional time to complete initial business combination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820175/000121390023089271/0001213900-23-089271-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820175/000121390023089271/ea188826-8k_ocaacq.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-089271

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