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OCA Acquisition Corp. (OCAXU) is a newly formed special purpose acquisition company that aims to facilitate accelerated growth for partners expanding into Asia. While open to opportunities in any industry or region, OCA focuses on US businesses in technology-enabled services or financial sectors. With Olympus Capital Asia V, L.P. as its sponsor, OCA seeks acquisitions benefiting from Olympus Capital's experience in expanding businesses in Asia.
OCA Acquisition Corp. is a blank check company actively seeking a suitable merger, stock exchange, or similar business combination to enhance its portfolio.
OCA Acquisition Corp. (NASDAQ: OCAXU) has announced an extension for its business combination deadline from July 20, 2022, to January 20, 2023. This extension will allow the company more time to finalize a suitable acquisition. As part of this process, OCA's sponsor, OCA Acquisition Holdings LLC, will deposit $747,500, equivalent to $0.05 per public share, into the trust account by the original deadline. OCA aims to focus acquisitions within technology-enabled business services and financial services sectors, leveraging its sponsor’s extensive experience in Asia.
OCA Acquisition Corp. (NASDAQ: OCAXU) announced that beginning March 8, 2021, holders of its initial public offering units can separate and trade shares of Class A common stock and warrants. After the separation, Class A common stock will trade under the symbol 'OCAX' and warrants under 'OCAXW.' Units that remain intact will continue trading as 'OCAXU.' The company seeks to pursue business combinations in technology-enabled services and financial sectors, leveraging the expertise of its sponsor, Olympus Capital Asia.
OCA Acquisition Corp. successfully closed its initial public offering (IPO) on January 20, 2021, raising $149.5 million by issuing 14,950,000 units at $10.00 each. The IPO included a full exercise of the underwriters' over-allotment option for 1,950,000 units. Each unit consists of one share of Class A common stock and one-half of a redeemable warrant, with warrants priced at $11.50 for conversion. Proceeds will be placed in a trust account, amounting to $151.7 million. The Company aims to pursue acquisitions within technology-enabled services or financial sectors.
OCA Acquisition Corp. announced the pricing of its initial public offering (IPO) of 13,000,000 units at $10.00 per unit, with shares set to trade on Nasdaq under the ticker symbol 'OCAXU' starting January 15, 2021. Each unit comprises one share of Class A common stock and one-half of a redeemable warrant, with full warrants priced at $11.50 per share. The offering is expected to close on January 20, 2021, and includes an over-allotment option of up to 1,950,000 additional units. The Company aims to pursue a business combination primarily in technology-enabled business services or financial services sectors.
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