secwatch.observer — SEC 8-K summary
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Issuer:     OCA Acquisition Corp. (—)
CIK:        0001820175
Form:       8-K
Filed at:   2024-03-22T23:59:59+00:00
Accession:  0001213900-24-025154
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

OCA Acquisition draws $90K from sponsor note to extend business combination deadline to April 20, 2024
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- Board approved $90,000 draw under promissory note from sponsor OCA Acquisition Holdings LLC.
- Funds deposited into trust account March 20, 2024 extending deadline from March 20 to April 20, 2024.
- Second of eleven possible one-month extensions under amended certificate of incorporation.
- Note is non-interest bearing, matures at closing of initial business combination; converts to warrants at $1.00 per warrant upon closing of PSI deal.
- If no business combination, note repaid only from funds outside trust or forfeited.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820175/000121390024025154/0001213900-24-025154-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820175/000121390024025154/ea0202352-8k425_ocaacq.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-025154

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