Ocean Capital Acquisition Corp

S-1/A amended

S-1/A amended

Ocean Capital Acquisition Corp's S-1/A filing reflects an updated registration statement for its IPO, focusing on structural details of the offering, including redemption terms, underwriting arrangements, and financial projections. The filing emphasizes the company's SPAC structure and its intent to merge with a target company, with adjustments to offering terms and risk disclosures.

S-1/A amended

Ocean Capital Acquisition Corporation, a blank check company incorporated in the British Virgin Islands, is conducting an IPO of 10,000,000 units at $10.00 per unit. Each unit includes one ordinary share and a right to receive 1/7 of an ordinary share upon a business combination. The company has 18 months to complete a business combination, with potential extensions. Public shareholders have redemption rights subject to limitations, and the company may liquidate if it fails to complete a combination within the timeframe. The sponsor, SB Capital Holding Corporation, holds insider shares with potential forfeiture clauses.

S-1/A amended

Price $10.00 · 10,000,000 shares · Gross proceeds $100,000,000

Ocean Capital Acquisition Corp, a blank check company incorporated in the British Virgin Islands, is conducting an initial public offering (IPO) of 10,000,000 units at $10.00 per unit, raising $100 million. Each unit includes one ordinary share and a right to receive 1/7 of an ordinary share upon a business combination. The company has granted underwriters an option to purchase additional units to cover over-allotments. The sponsor, SB Capital Holding Corporation, has committed to a private placement of 143,250 units. The filing outlines redemption rights for public shareholders, potential extensions to the business combination timeline, and restrictions on transactions with entities from the People's Republic of China (PRC) with VIE structures.

S-1/A amended

Price $10.00 · 6,000,000 shares · Gross proceeds $60,000,000

Ocean Capital Acquisition Corp. is a blank check company incorporated in the British Virgin Islands, aiming to merge with a target business. The current S-1/A filing details an IPO of 6,000,000 units at $10.00 each, with redemption rights for public shareholders and a 18-month deadline (extendable) to complete a business combination. The company excludes targets with PRC VIE structures and outlines terms for insider shares, private placements, and trust account distributions.

S-1/A amended

Price $10.00 · 6,000,000 shares · Gross proceeds $60,000,000

Ocean Capital Acquisition Corporation, a blank check company incorporated in the British Virgin Islands, is conducting an initial public offering (IPO) of 6,000,000 units at $10.00 per unit. Each unit includes one ordinary share and a right to receive 1/9 of a share upon a business combination. The company has not identified a target business and is prohibited from acquiring entities in China with VIE structures. Redemption rights for public shareholders are subject to limitations, and the company has 12 months (extendable to 36 months) to complete a business combination. The sponsor has committed to purchasing private units and providing loans for offering expenses.

S-1/A amended

Price $10.00 · 6,000,000 shares · Gross proceeds $60,000,000

Ocean Capital Acquisition Corporation, a blank check company incorporated in the British Virgin Islands, is conducting an initial public offering (IPO) of 6,000,000 units at $10.00 per unit. Each unit includes one ordinary share and a right to receive 1/10 of an ordinary share upon a business combination. The company has 18 months to complete a merger, acquisition, or similar transaction, with potential extensions requiring shareholder approval. Redemption rights for public shareholders are tied to trust account balances, and insider shares are subject to lock-up restrictions. The filing includes details on underwriter over-allotment options, sponsor commitments, and risk factors related to timing, liquidity, and conflicts of interest.

S-1 filed

Price $10.00 · Range $10.00 to $10.00 · 6,000,000 shares · Gross proceeds $60,000,000

Ocean Capital Acquisition Corp, a blank check company incorporated in the British Virgin Islands, is conducting an initial public offering (IPO) of 6,000,000 units at $10.00 per unit. Each unit includes one ordinary share and a right to receive 1/10 of an ordinary share upon a business combination. The company has not selected a target business and aims to complete a merger, acquisition, or similar transaction within 18 months. It includes redemption rights for public shareholders and restrictions on insider shares, which are subject to a lock-up period. The sponsor, SB Capital Holding Corporation, has committed to purchasing private units and provided a loan to cover offering expenses.

RW withdrawn

Ocean Capital Acquisition Corp has requested the withdrawal of its previously filed Registration Statement on Form S-1, citing no intention to proceed with the contemplated public offering. The company states it has not sold any securities under the registration and seeks to credit fees paid to the SEC. The withdrawal becomes effective upon filing unless the SEC objects within 15 days.

S-1/A amended

Price $10.00 · 6,000,000 shares · Gross proceeds $60,000,000

Ocean Capital Acquisition Corporation, a blank check company incorporated in the British Virgin Islands, is conducting an IPO to raise $60 million through the sale of 6,000,000 units. Each unit includes one ordinary share, a redeemable warrant, and a right to receive a fraction of a share upon a business combination. The company has nine months (extendable to 21 months) to complete a business combination, with no target selected yet. It will not pursue PRC entities with VIE structures. The filing includes updated disclosures on PRC regulatory risks, PCAOB inspections, and legal counsel details.

S-1/A amended

Price $10.00 · 6,000,000 shares · Gross proceeds $60,000,000

Ocean Capital Acquisition Corporation, a blank check company incorporated in the British Virgin Islands, is conducting an initial public offering (IPO) of 6,000,000 units at $10.00 per unit. Each unit includes one ordinary share, one-half of a redeemable warrant, and a right to receive one-tenth of an ordinary share upon a business combination. The company aims to merge with a target business, potentially in the PRC or Hong Kong, and faces risks related to regulatory scrutiny, geopolitical tensions, and compliance with U.S. laws like the HFCAA. The filing includes details on redemption rights, trust account management, and potential challenges in acquiring non-PRC/Hong Kong targets.

S-1/A amended

Price $10.00 · 6,000,000 shares · Gross proceeds $60,000,000

Ocean Capital Acquisition Corporation, a blank check company incorporated in the British Virgin Islands, is conducting an IPO to raise $60 million through the sale of 6,000,000 units. Each unit includes one ordinary share, a redeemable warrant, and a right to receive a fraction of a share upon a business combination. The company aims to acquire a target business, with a focus on potential PRC or Hong Kong-based entities, while disclosing risks related to regulatory scrutiny, U.S.-PRC tensions, and operational uncertainties.

S-1 filed

Price $10.00 · Range $10.00 to $10.00 · 6,000,000 shares · Gross proceeds $60,000,000

Ocean Capital Acquisition Corporation is a blank check company incorporated in the British Virgin Islands, formed to effect a merger, acquisition, or business combination with one or more businesses. The company is offering 6,000,000 units at $10.00 per unit, each consisting of one ordinary share, one-half of a redeemable warrant, and a right to receive 1/10 of an ordinary share upon a business combination. The offering includes a 45-day over-allotment option for 900,000 additional units. The company has nine months (extendable to 21 months) to complete a business combination, with funds held in a trust account. If unsuccessful, funds will be distributed to public shareholders. The sponsor, SB Capital Holding Corporation, has committed to purchasing private units. The company is an emerging growth company with significant risks related to its blank check structure, lack of operating history, and dependence on the sponsor and underwriters.