other material
confidence high
sentiment neutral
materiality 0.50
Oceanhawk Acquisition Corp closes SPAC IPO; raises $184M, trust funded with $184.92M
Oceanhawk Acquisition Corp.
- IPO of 18.4M units at $10.00 each; gross proceeds $184,000,000.
- Trust account holds $184,920,000 from IPO, over-allotment, and private placements.
- Private placement of 530,000 units to sponsor and Benchmark for $5.3 million.
- Auditor raises going concern; company lacks liquidity to sustain operations for one year.
- Deadline to complete initial business combination is 15 months from IPO (18 if deal under agreement).