secwatch.observer — SEC 8-K summary
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Issuer:     OCA Acquisition Corp. (—)
CIK:        0001820175
Form:       8-K
Filed at:   2024-11-21T23:59:59+00:00
Accession:  0001213900-24-101074
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 5.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820175/000121390024101074/0001213900-24-101074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820175/000121390024101074/ea0222162-8k425_ocaacq.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-101074

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