Oceanhawk (OHACU) sponsor discloses Class A, Class B and rights stake
Rhea-AI Filing Summary
Oceanhawk Acquisition I Sponsor, LLC filed an initial ownership report for Oceanhawk Acquisition Corp. showing significant sponsor holdings but no new buy or sell transactions. The sponsor directly owns 300,000 Class A ordinary shares held as part of 300,000 private placement units purchased at $10.00 per unit.
The sponsor also holds 5,750,000 Class B ordinary shares, including up to 750,000 shares that are subject to adjustment depending on whether the underwriters’ over-allotment option is exercised. In addition, it holds 75,000 rights, each entitling the holder to receive one-fourth of one Class A ordinary share upon consummation of an initial business combination without additional payment.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Oceanhawk Acquisition I Sponsor, LLC
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Rights | -- | -- | -- |
| holding | Class B Ordinary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Rights — 75,000 shares (Direct);
Class B Ordinary Shares — 5,750,000 shares (Direct);
Class A Ordinary Shares — 300,000 shares (Direct)
Footnotes (6)
- F1. Upon Completion of initial business combination.
- F2. Upon liquidation if no business combination is completed.
- F3. Includes up to 750,000 Class B ordinary shares subject to the extent the underwriters' over-allotment option is not exercised in full.
- F4. The Class A Ordinary Shares are held as part of 300,000 private placement units purchased by Oceanhawk Acquisition I Sponsor, LLC at $10.00 per unit.
- F5. Each right entitles the holder to receive one-fourth (1/4) of one Class A ordinary share upon consummation of an initial business combination.
- F6. Each right entitles the holder to receive one-fourth (1/4) of one Class A ordinary share upon consummation of an initial business combination, without the payment of any additional consideration.
Key Figures
Class A shares held: 300,000 shares
Class B shares held: 5,750,000 shares
Rights held: 75,000 rights
+3 more
6 metrics
Class A shares held
300,000 shares
Class A ordinary shares held directly by sponsor
Class B shares held
5,750,000 shares
Class B ordinary shares held directly by sponsor
Rights held
75,000 rights
Rights linked to Class A ordinary shares
Private placement unit price
$10.00 per unit
300,000 private placement units purchased by sponsor
Underlying Class A shares from rights
75,000 underlying shares
Underlying Class A ordinary shares for rights position
Exercise price of rights
$0.0000
No additional consideration to receive Class A shares
Key Terms
initial business combination, over-allotment option, private placement units, rights, +1 more
5 terms
initial business combination financial
"Each right entitles the holder to receive one-fourth (1/4) of one Class A ordinary share upon consummation of an initial business combination."
An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.
over-allotment option financial
"Includes up to 750,000 Class B ordinary shares subject to the extent the underwriters' over-allotment option is not exercised in full."
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.
private placement units financial
"The Class A Ordinary Shares are held as part of 300,000 private placement units purchased by Oceanhawk Acquisition I Sponsor, LLC at $10.00 per unit."
rights financial
"Each right entitles the holder to receive one-fourth (1/4) of one Class A ordinary share upon consummation of an initial business combination."
Rights are special privileges that give existing shareholders the opportunity to buy additional shares of a company's stock before they are offered to the public. They help investors maintain their ownership percentage and can be seen as a way to protect their investment stake. Think of rights like a VIP pass allowing current investors to purchase new shares first, ensuring they can preserve their influence in the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What ownership does Oceanhawk Acquisition I Sponsor, LLC report in Oceanhawk Acquisition Corp. (OHACU)?
Oceanhawk Acquisition I Sponsor, LLC reports direct holdings of Class A and Class B ordinary shares plus rights. It owns 300,000 Class A shares via private placement units, 5,750,000 Class B shares, and 75,000 rights linked to future Class A shares.
When do the rights reported by the Oceanhawk sponsor become exercisable?
Footnotes explain that each right becomes effective upon completion of an initial business combination. At that time, each right entitles the holder to receive one-fourth of one Class A ordinary share without additional cash consideration, aligning value with a successful business combination.