---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-032001"
form_type: "8-K"
ticker: null
cik: "0001856961"
company_name: "Blue Ocean Acquisition Corp"
filed_at: "2024-04-11T23:59:59+00:00"
generated_at: "2026-06-04T00:10:39.025911+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Blue Ocean Acquisition Corp issues $750K promissory note to sponsor for working capital

## Summary
- Unsecured, non-interest-bearing note from Blue Ocean Acquisition Corp to Blue Ocean Sponsor LLC dated April 5, 2024.
- Principal up to $750,000; drawdowns of at least $50,000 each, payable upon business combination or trust liquidation.
- Note includes a 10% fee on outstanding principal payable at consummation of a business combination.
- Funds to be used for costs and expenses related to an initial business combination.

## SEC filing metadata
- accession: 0001213900-24-032001
- form_type: 8-K
- cik: 0001856961
- company_name: Blue Ocean Acquisition Corp
- filed_at: 2024-04-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1856961/000121390024032001/0001213900-24-032001-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856961/000121390024032001/ea0203674-8k_blueocean.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-032001
- JSON: https://secwatch.observer/filing/0001213900-24-032001.json
- Plain text: https://secwatch.observer/filing/0001213900-24-032001.txt

## Key facts
- Material Agreements
  Blue Ocean Acquisition Corp entered into Sponsor Promissory Note with Blue Ocean Sponsor LLC valued at $750,000 (effective 2024-04-05).
  - Action: entry
  - Counterparty: Blue Ocean Sponsor LLC
  - Value: $750,000
  - Effective: 2024-04-05
  source text: On April 5, 2024, Blue Ocean Acquisition Corp (the “ Company ”) issued an unsecured promissory note to Blue Ocean Sponsor LLC (“ Payee ”) with a principal amount equal to $750,000 (the “ Sponsor Promissory Note ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856961/000121390024032001/0001213900-24-032001-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.