Ocean Capital Acquisition Corporation closes its IPO, offering 10 million units at $10.00 each on the NYSE.
Quiver AI Summary
Ocean Capital Acquisition Corporation has successfully closed its initial public offering (IPO) by offering 10 million units at $10.00 each, which began trading on the New York Stock Exchange under the ticker symbol "OCACU" on June 9, 2026. Each unit includes one ordinary share, a redeemable warrant allowing the purchase of an ordinary share at $11.50, and a right to receive one ordinary share upon completing a business combination. A.G.P./Alliance Global Partners served as the sole manager for the offering, with Brookline Capital Markets as co-manager, and legal counsel provided by Sichenzia Ross Ference Carmel LLP and Ortoli Rosenstadt LLP. The announcement also includes a disclaimer noting that this press release does not offer to sell any securities and that forward-looking statements about the IPO should be regarded cautiously.
Potential Positives
- Successfully closed initial public offering (IPO) of 10,000,000 units, indicating strong market interest and investor confidence.
- Units began trading on the New York Stock Exchange (NYSE) under the ticker symbol “OCACU,” enhancing the company's visibility and accessibility to investors.
- Offering structured to include redeemable warrants and rights to boost investment appeal, providing potential value to investors.
Potential Negatives
- The company is classified as a blank check company, which inherently carries risks as it has no established operations or revenues at this stage.
- The press release contains numerous forward-looking statements that are uncertain and may not materialize, indicating potential volatility and uncertainty for investors.
FAQ
What is Ocean Capital Acquisition Corporation?
Ocean Capital Acquisition Corporation is a blank check company based in the British Virgin Islands, focused on business combinations.
When did Ocean Capital complete its IPO?
Ocean Capital completed its IPO on June 11, 2026.
How many units were offered in the IPO?
The IPO offered 10,000,000 units at an offering price of $10.00 per Unit.
Where can I find the final prospectus for the offering?
The final prospectus is available on the SEC’s website at www.sec.gov.
What are the trading symbols for Ocean Capital's securities?
The trading symbols are OCACU for units, OCAC for ordinary shares, OCACW for warrants, and OCACR for rights.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
New York, New York, June 11, 2026 (GLOBE NEWSWIRE) -- Ocean Capital Acquisition Corporation, a blank check company incorporated in the British Virgin Islands as an exempted company with limited liability (the “Company”), today announced the closing of its previously announced initial public offering (the “IPO” or this “Offering”) of 10,000,000 units (the “Units”) at an offering price of $10.00 per Unit. Each Unit consists of one ordinary share, one redeemable warrant, and one right to receive one ordinary share upon the consummation of an initial business combination. Each redeemable warrant entitles the holder thereof to purchase one ordinary share of the Company at a price of $11.50 per share, subject to certain adjustments.
The Units are listed on the New York Stock Exchange (“NYSE”) and commenced trading under the ticker symbol “OCACU” on June 9, 2026. Once the securities comprising the Units begin separate trading, the ordinary shares, warrants, and the rights are expected to be traded on the NYSE under the symbols “OCAC”, “OCACW,” and “OCACR,” respectively.
A.G.P./Alliance Global Partners (“A.G.P.”) acted as the sole book-running manager for the offering.
Brookline Capital Markets, a division of Arcadia Securities, LLC, acted as the co-manager for the offering.
Sichenzia Ross Ference Carmel LLP (“SRFC”) acted as counsel to the Company in connection with the offering. Ortoli Rosenstadt LLP acted as counsel to the underwriters in connection with the offering.
A registration statement on Form S-1 relating to the securities, as amended (File No. 333-282462) was previously filed with the U.S. Securities and Exchange Commission ("SEC") and declared effective on June 8, 2026. This Offering was made only by means of a prospectus forming part of the effective registration statement. Copies of the final prospectus are available on the SEC’s website at www.sec.gov . Electronic copies of the prospectus may be obtained from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, by telephone at (212) 624-2060, or by email at [email protected] .
This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. No securities regulatory authority has either approved or disapproved of the contents of this press release.
About Ocean Capital Acquisition Corporation
The Company is a blank check company incorporated in the British Virgin Islands as an exempted company with limited liability for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The Company intends to conduct a search for target businesses without being limited to a particular industry.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the IPO and search for an initial business combination. No assurance can be given that the Offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the Offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the IPO filed with the SEC. Copies are available on the SEC’s website at www.sec.gov . The Company undertakes no obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.
Contact:
Ocean Capital Acquisition Corporation
Attn: Stephen Sze
E-mail:
[email protected]
