Welcome to our dedicated page for Oak Woods Acquisition Corporation news (Ticker: OAKUU), a resource for investors and traders seeking the latest updates and insights on Oak Woods Acquisition Corporation stock.
Oak Woods Acquisition Corporation (OAKUU) is a blank check company whose public updates and disclosures are closely tied to its progress toward completing an initial business combination. As a Cayman Islands exempted company listed on The Nasdaq Stock Market LLC, its news flow centers on capital markets activity, proposed mergers and extensions of the time allowed to complete a transaction.
News about Oak Woods Acquisition Corporation has included the pricing and closing of its initial public offering of units on Nasdaq, the exercise of the underwriters’ over-allotment option, and details of the structure of its units, Class A ordinary shares, rights and warrants. These announcements explain how each unit is composed and how the separate securities trade under the symbols OAKU, OAKUR and OAKUW.
A key focus of the company’s news has been its Merger Agreement and Plan of Reorganization with Huajin (China) Holdings Limited and related parties. Updates describe the proposed merger structure, under which a merger subsidiary would combine with Huajin, leaving Huajin as a wholly owned subsidiary of Oak Woods Acquisition Corporation, subject to specified conditions and shareholder approval.
Additional announcements describe extensions of the completion window for the initial business combination, including a three-month extension supported by deposits from the sponsor into the trust account and later shareholder-approved one-month extensions tied to monthly sponsor contributions. These items help readers track how much time the company has to complete its business combination and the conditions attached to those extensions.
Visitors to this news page can review company press releases and related disclosures to follow developments in the proposed business combination, trust account funding, shareholder votes on extensions, and other events that affect the status of Oak Woods Acquisition Corporation and its Nasdaq-listed securities.
Oak Woods Acquisition Corporation has received a deficiency notification from Nasdaq due to delayed filing of its Annual Report (Form 10-K) for the period ending December 31, 2024. The notification, received on April 24, 2025, indicates non-compliance with Nasdaq Listing Rule 5250(c)(1).
The company has been granted 60 calendar days to submit a compliance plan. If Nasdaq accepts the plan, they may extend the compliance period up to 180 calendar days from the original due date, until October 13, 2025. Currently, this notification does not affect the company's listing status on The Nasdaq Capital Market.
Oak Woods is in the final stages of completing its financial audit and working with independent auditors to complete remaining procedures. The company emphasizes that the delay is not due to any disagreement with auditors and expects to file the Form 10-K promptly upon audit completion.
Oak Woods Acquisition announced an extension of its initial business combination deadline to September 28, 2024. The original deadline was June 28, 2024. This extension was made possible by a timely deposit of $575,000 by the Company's sponsor, Whale Bay International Company , into the Company's trust account. This amounts to $0.10 per Unit as additional interest. The Company's stockholders are not entitled to vote on or redeem their shares regarding this extension.
Summary not available.
Oak Woods Acquisition Corporation recently completed its initial public offering (IPO) of 5,750,000 units priced at $10.00 per unit, including the full exercise of an over-allotment option for 750,000 units. The IPO units began trading on Nasdaq under the ticker symbol OAKUU on March 24, 2023. Each unit comprises one Class A ordinary share, one redeemable warrant, and a right to receive one-sixth of a Class A share upon a business combination. The company aims to pursue mergers or acquisitions in the technology-enabled healthcare services sector within the Asia-Pacific region.
Oak Woods Acquisition Corporation has priced its initial public offering of 5,000,000 units at $10.00 per unit, set to begin trading on Nasdaq under the ticker symbol OAKUU starting March 24, 2023. Each unit includes one Class A ordinary share, one redeemable warrant, and a right to receive one-sixth of a Class A ordinary share upon a successful business combination. EF Hutton is the sole book-running manager for the offering, with a 45-day option for the underwriter to buy an additional 750,000 units. The offering is expected to close on March 28, 2023, subject to customary conditions.