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Ocean Capital sponsor now 100% owned by Lee

All equity in the sponsor of Ocean Capital Acquisition Corp was transferred to a new owner, while the sponsor’s role and holdings in OCAC remain unchanged.

(Very High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Ocean Capital Acquisition Corp (OCAC) reports a change in ownership of its sponsor entity. On September 17, 2026, Poseidon Ocean Corporation and four individual holders transferred a total of 3,833,333 ordinary shares of SB Capital Holding Corporation, the sponsor of Ocean Capital Acquisition Corp, to Chi-Ping Cindy Lee. These shares represent 100% of the issued and outstanding equity interests in the sponsor. The sponsor continues to serve in its same role for Ocean Capital Acquisition Corp, remains the record holder of the same number of the company’s securities as before the transfers, and its existing rights and obligations under agreements related to the initial public offering remain unchanged.

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Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Shares of sponsor transferred by Poseidon Ocean Corporation 3,813,333 shares Ordinary shares of SB Capital Holding Corporation transferred on September 17, 2026
Shares of sponsor transferred by each individual holder 5,000 shares Ordinary shares of SB Capital Holding Corporation transferred by each of four individuals
Total sponsor shares transferred 3,833,333 shares Aggregate ordinary shares of the sponsor transferred to Chi-Ping Cindy Lee
Sponsor ownership after transfers 100% Percentage of issued and outstanding equity interests in the sponsor owned by Chi-Ping Cindy Lee after the transfers
sponsor financial
"SB Capital Holding Corporation, the sponsor of Ocean Capital Acquisition Corporation"
business combination financial
"Rights, each entitling the holder to receive one ordinary share upon the consummation of a business combination"
A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

FAQ

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

What ownership change in the sponsor of OCAC was announced?

Ocean Capital Acquisition Corp disclosed that 3,833,333 ordinary shares of its sponsor, SB Capital Holding Corporation, were transferred to Chi-Ping Cindy Lee, resulting in the transferee owning 100% of the sponsor’s equity interests.

Does the sponsor still hold the same OCAC securities after this transaction?

Yes. The filing states that the sponsor remains the record holder of the same number of Ocean Capital Acquisition Corp securities it held immediately before the transfers.

Who transferred shares of the OCAC sponsor to Chi-Ping Cindy Lee?

The filing reports that Poseidon Ocean Corporation transferred 3,813,333 ordinary shares of the sponsor, and each of Hin Wing Wong, Hiu Man Cheng, Pok Yu Augustine Chow, and Man Kai Anthony Ho transferred 5,000 shares to Chi-Ping Cindy Lee.

What percentage of the sponsor does Chi-Ping Cindy Lee now own?

Following the transfers, Chi-Ping Cindy Lee owns 100% of the issued and outstanding equity interests in SB Capital Holding Corporation, the sponsor of Ocean Capital Acquisition Corp (OCAC).

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): September 17, 2026

 

Ocean Capital Acquisition Corporation

(Exact name of registrant as specified in its charter)

 

British Virgin Islands   001-43334   N/A

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

1209 Orange Street

Wilmington, DE 19801

(Address of principal executive offices, including zip code)

 

Registrant’s telephone number, including area code: (323) 242-0766

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Units, each consisting of one ordinary share, one right, and one redeemable warrant   OCACU   New York Stock Exchange
Ordinary shares, par value $0.0001 per share   OCAC   New York Stock Exchange
Rights, each entitling the holder to receive one ordinary share upon the consummation of a business combination   OCACR   New York Stock Exchange
Warrants, each exercisable for one ordinary share   OCACW   New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 
 

 

Item 8.01 Other Events.

 

On September 17, 2026, pursuant to separate share transfer instruments, Poseidon Ocean Corporation transferred 3,813,333 ordinary shares of SB Capital Holding Corporation, the sponsor of Ocean Capital Acquisition Corporation (the “Company”) (the “Sponsor”), to Chi-Ping Cindy Lee (the “Transferee”). In addition, each of Hin Wing Wong, Hiu Man Cheng, Pok Yu Augustine Chow and Man Kai Anthony Ho transferred 5,000 ordinary shares of the Sponsor to the Transferee. The foregoing transfers comprised an aggregate of 3,833,333 ordinary shares of the Sponsor, representing all of the issued and outstanding equity interests in the Sponsor (collectively, the “Transfers”). Following the completion of the Transfers, the Transferee owns 100% of the issued and outstanding equity interests in the Sponsor.

 

The Sponsor continues to serve as the sponsor of the Company and remains the record holder of the same number of securities of the Company as it held immediately prior to the Transfers. The Sponsor’s existing rights and obligations under the agreements entered into in connection with the Company’s initial public offering remain unchanged.

 

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  OCEAN CAPITAL ACQUISITION CORPORATION
     
Date: September 21, 2026 By: /s/ Kin (Stephen) Sze
  Name: Kin (Stephen) Sze
  Title: Chief Executive Officer

 

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