secwatch.observer — SEC 8-K summary
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Issuer:     Ocean Capital Acquisition Corp (OCAC)
CIK:        0001926314
Form:       8-K
Filed at:   2026-06-17T01:55:20+00:00
Accession:  0001493152-26-028972
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ocean Capital Acquisition Corp closes $115M IPO and $1.5M private placement
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- IPO of 11,500,000 units at $10.00 per unit, gross proceeds $115,000,000, including full exercise of over-allotment.
- Simultaneous private placement of 150,000 units at $10.00 per unit to sponsor SB Capital Holding Corp, gross proceeds $1,500,000.
- $115,000,000 placed in trust account; balance sheet shows $115M in trust, $4.2M liabilities, $3.8M shareholders' deficit.
- Auditor's report includes going concern note: company has 12 months to complete business combination, extendable to 36 months; failure leads to liquidation.
- Units consist of one ordinary share, one right, and one warrant; warrants exercisable at $11.50 per share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1926314/000149315226028972/0001493152-26-028972-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1926314/000149315226028972/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-028972

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