Ocean Capital Acquisition Corporation Announces Closing of $115 Million Initial Public Offering Including Full Exercise of Underwriters’ Over-Allotment Option

Ocean Capital Acquisition (NYSE:OCAC) closed its $115 million IPO, including full exercise of the underwriters’ over-allotment option.

Rhea-AI Summary

Ocean Capital Acquisition (NYSE:OCAC) closed its $115 million IPO, including full exercise of the underwriters’ over-allotment option. The company sold 10,000,000 units at $10.00 each, with each unit including one ordinary share, one redeemable warrant and one right.

The units trade on the NYSE as OCACU, with shares, warrants and rights expected to trade separately as OCAC, OCACW and OCACR.

Positive

• $115 million gross proceeds from IPO including over-allotment option
• Sale of 10,000,000 units at $10.00 per unit
• Listing of units on NYSE under ticker OCACU
• Future separate trading of shares, warrants and rights as OCAC, OCACW, OCACR
• Each warrant exercisable at $11.50 per share, adding potential future capital

Negative

• None.

Key Figures

IPO size: $115 million Units offered: 10,000,000 units Unit price: $10.00 per Unit +5 more

IPO size

$115 million

Initial public offering headline amount

Units offered

10,000,000 units

Total Units in IPO

Unit price

$10.00 per Unit

IPO offering price

Warrant exercise price

$11.50 per share

Price per share for redeemable warrant

Ticker (Units)

OCACU

NYSE trading symbol for Units

Trading start date

June 9, 2026

NYSE trading commencement for Units

Registration effective date

June 8, 2026

Form S-1 declared effective by SEC

Registration file number

File No. 333-282462

SEC registration statement identifier

Key Terms

blank check company, redeemable warrant, over-allotment option, registration statement, +2 more

6 terms

blank check company financial

"Ocean Capital Acquisition Corporation, a blank check company incorporated..."

A blank check company is a publicly listed shell that raises money from investors before naming a specific business to buy or merge with, similar to handing a cashier a signed check and asking them to fill in the payee later. It matters to investors because it offers a faster, often cheaper path for private firms to become public, but carries extra risk since returns depend on the organizers’ ability to find a good deal and on limited information about the future business.

redeemable warrant financial

"Each Unit consists of one ordinary share, one redeemable warrant, and one right..."

A redeemable warrant is a financial tool that gives its holder the right to buy shares of a company at a fixed price within a certain period. If the holder chooses to do so, the company can buy back or cancel the warrant before it expires, often to encourage investment or manage share issuance. For investors, it provides an option to potentially buy shares at a favorable price while offering some flexibility for the issuing company.

over-allotment option financial

"Initial Public Offering Including Full Exercise of Underwriters’ Over-Allotment Option"

An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.

registration statement regulatory

"A registration statement on Form S-1 relating to the securities..."

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

form s-1 regulatory

"A registration statement on Form S-1 relating to the securities..."

A Form S-1 is the registration filing a company submits to the U.S. Securities and Exchange Commission when it plans to offer stock to the public, most commonly for an initial public offering. Think of it as the company’s full disclosure packet or blueprint: it contains audited financials, business description, management background, risk factors and details of the offering, giving investors the information needed to judge the company’s financial health and potential risks before buying shares.

prospectus regulatory

"This Offering was made only by means of a prospectus forming part..."

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

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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 prospectus@allianceg.com.

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: stephen@poseidonocean.net

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Ocean Capital Acquisition (NYSE:OCAC) announce about its June 2026 IPO closing?

Ocean Capital Acquisition announced the closing of its initial public offering, raising $115 million including the full over-allotment option. According to the company, 10,000,000 units were sold at $10.00 each, completing the IPO process on June 11, 2026.

How many units did Ocean Capital Acquisition (OCAC) sell in its IPO and at what price?

Ocean Capital Acquisition sold 10,000,000 units in its IPO at $10.00 per unit. According to the company, each unit includes one ordinary share, one redeemable warrant and one right to receive one ordinary share after a business combination.

On which NYSE tickers do Ocean Capital Acquisition IPO securities trade?

Ocean Capital Acquisition units trade on the NYSE under the ticker OCACU. According to the company, once separated, the ordinary shares, warrants and rights are expected to trade under the symbols OCAC, OCACW and OCACR, respectively, providing distinct liquidity for each security type.

What are the terms of the Ocean Capital Acquisition (OCAC) redeemable warrants from the IPO?

Each Ocean Capital Acquisition redeemable warrant allows purchase of one ordinary share at $11.50. According to the company, these warrants are subject to certain adjustments and form part of each unit sold in the IPO alongside one share and one right.

What does the right included in Ocean Capital Acquisition (OCAC) IPO units provide investors?

Each right in the Ocean Capital Acquisition IPO units entitles holders to receive one ordinary share. According to the company, this share is deliverable upon the consummation of the SPAC’s initial business combination, offering additional equity exposure beyond the original unit share.

Who managed the Ocean Capital Acquisition (OCAC) IPO underwriting and legal advisory?

A.G.P./Alliance Global Partners acted as sole book-running manager, with Brookline Capital Markets as co-manager. According to the company, Sichenzia Ross Ference Carmel LLP served as its counsel, while Ortoli Rosenstadt LLP represented the underwriters during the offering process.