PSI purports to terminate merger with OCA; OCA disputes, claims PSI in breach

OCA Acquisition Corp.

Director Alec Ellison resigned effective Nov 21, 2024, no disagreement with OCA.
On Nov 15, 2024, PSI sent letter terminating merger agreement citing failure to close by Oct 31, 2024.
OCA contends PSI is in material breach causing the delay, so termination is invalid under the agreement.
Merger parties: OCA, POWR Merger Sub, and Powermers Smart Industries (PSI).
OCA securities trade OTC: units OCAXU, common OCAX, warrants OCAXW.

item 5.02 item 8.01

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Departed

Alec Ellison

Director

OCA Acquisition Corp.

Effective: 2024-11-21
Filed: November 21, 2024, 6:59 PM ET

On November 21, 2024, Alec Ellison notified OCA Acquisition Corp. (“ OCA ”) of his decision to resign as a director of OCA’s board of directors (the “ Board ”), effective as of November 21, 2024.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Alec Ellison resigned as Director at OCA Acquisition Corp..

Action: resigned
Role: Director

Exact text from the filing

On November 21, 2024, Alec Ellison notified OCA Acquisition Corp. (“ OCA ”) of his decision to resign as a director of OCA’s board of directors (the “ Board ”), effective as of November 21, 2024.

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Source: SEC EDGAR

accession 0001213900-24-101074

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