Published June 11, 2026 · Auto-generated from the S-1/A filing on SEC EDGAR and third-party IPO calendar data.
Ocean Capital Acquisition Corporation (OCAC) IPO: what the S-1/A says
Ocean Capital Acquisition Corporation has a S-1/A filing dated 2026-05-22.
Use of proceeds (from the filing)
- These funds will be repaid out of the proceeds of this offering available to us
- If we determine not to proceed with the offering, such amounts will not be repaid. (2) No discounts or commissions will be paid with respect to the purchase of the private units. (3) The amount of proceeds not held in the trust account will remain constant at $525,000 even if the over-allotment is exercised. (4) These are estimates only
- Our actual expenditures for some or all of these items may differ from the estimates set forth herein
- For example, we may incur greater legal and accounting expenses than our current estimates in connection with negotiating and structuring our initial business combination based upon the level of complexity of that business combination
- Our sponsor has further agreed that if the over-allotment option is exercised by the underwriters, it will purchase from us at a price of $10.00 per private unit an additional number of private units (up to a maximum of 6,750 private units) pro rata with the amount of the over-allotment option exercised so that at least $10.00 per share sold to the public in this offering is held in trust regardle
- These additional private units will be purchased in a private placement that will occur simultaneously with the purchase of units resulting from the exercise of the over-allotment option
Source: S-1/A on SEC EDGAR · Full research: OCAC IPO page (Sharia sector screen, timeline, FAQ).
Research and analysis only — not investment advice, not a recommendation to apply or avoid.