Oceanhawk Acquisition Corp. (OHAC)

Oceanhawk Acquisition Corp. is a special purpose acquisition company, also known as a blank-check company. It was formed to raise capital through an initial public offering and then use the proceeds to complete a merger, share exchange or similar business combination with one or more operating businesses.

The company does not run an operating business of its own. Its IPO proceeds are typically held in a trust account until a deal is completed or the company liquidates, and its Class A ordinary shares trade on the Nasdaq. A specific target sector has not been confirmed here.