Ocean Capital Acquisition Corporation (OCAC)

Ocean Capital Acquisition Corporation (OCAC) is a special purpose acquisition company, or blank-check company, whose ordinary shares trade on the New York Stock Exchange. It was formed to raise capital through an initial public offering and to use that capital to complete a merger or other business combination with an operating business.

Until a transaction is completed, the company has no operations of its own, and the proceeds of its offering are held in a trust account. Public shareholders typically may redeem their shares for cash in connection with a proposed business combination or if no deal is completed within the allowed time.