Ocean Capital Acquisition Corp

S-1/A amended

S-1/A amended

S-1/A amended

S-1/A amended

S-1 filed

RW withdrawn

S-1/A amended

S-1/A amended

S-1/A amended

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

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.