secwatch.observer — SEC 8-K summary
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Issuer:     OCA Acquisition Corp. (—)
CIK:        0001820175
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001213900-24-016147
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

OCA Acquisition Corp. draws $90K to extend business combination deadline to March 20, 2024
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- Board approved $90,000 draw under promissory note with Sponsor, deposited into trust account to extend deadline by one month.
- Extension from February 20 to March 20, 2024, first of up to eleven monthly extensions permitted under charter.
- Note is non-interest bearing, matures upon closing of initial business combination, and is forgivable if no deal occurs.
- Sponsor agreed to convert outstanding note principal into warrants at $1.00 per warrant upon closing of PSI business combination.
- Company is pursuing a business combination with Powermers Smart Industries, Inc. (PSI).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820175/000121390024016147/0001213900-24-016147-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820175/000121390024016147/ea0200400-8k425_ocaacq.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-016147

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