secwatch.observer — SEC 8-K summary
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Issuer:     OCA Acquisition Corp. (—)
CIK:        0001820175
Form:       8-K
Filed at:   2024-04-22T23:59:59+00:00
Accession:  0001213900-24-034943
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

OCA Acquisition draws $90K from sponsor note to extend business combination deadline to May 20, 2024
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- Board approved $90K draw under Promissory Note with Sponsor OCA Acquisition Holdings LLC to fund one-month extension.
- Extension moves initial business combination deadline from April 20, 2024 to May 20, 2024; third of eleven possible monthly extensions.
- Note is non-interest bearing, matures upon closing of initial business combination, and repayment limited to funds outside trust account if no deal.
- Sponsor agreed to convert outstanding principal into warrants at $1.00 per warrant upon closing of proposed business combination with Powermers Smart Industries (PSI).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820175/000121390024034943/0001213900-24-034943-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820175/000121390024034943/ea0204386-8k425_ocaa.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-034943

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