Oak Woods extends SPAC deadline to Mar 28, 2026; $42,998.37/month
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Rhea-AI Filing Summary
Oak Woods Acquisition Corporation reported that shareholders approved an amendment on October 8, 2025 allowing up to six one‑month extensions to complete its initial business combination, moving the outside deadline to March 28, 2026, provided the Sponsor deposits $42,998.37 into the Trust Account for each month.
The Sponsor has already deposited the September 2025 extension fee, which cleared on September 16, 2025, extending the deadline to October 28, 2025. This is the first of six permitted extensions. The company’s securities continue to trade on Nasdaq as Units (OAKUU), Class A Ordinary Shares (OAKU), Rights (OAKUR), and Warrants (OAKUW).
Insights
Shareholders approved monthly extensions; runway now through Mar 28, 2026.
The approval permits up to six one‑month extensions, each contingent on a Sponsor deposit of $42,998.37 into the Trust Account. The first deposit for September cleared on September 16, 2025, pushing the near-term deadline to October 28, 2025.
This action preserves time to finalize a business combination without altering deal terms. Impact on shareholders hinges on completing a transaction within the extended window; actual activity will depend on subsequent company disclosures.
8-K Event Classification
FAQ
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