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Ipos overview

Ocean Capital Acquisition Corp (OCACU)


Company Overview

Proposed Symbol OCACU
Company Name Ocean Capital Acquisition Corp
Exchange
Share Price $
Employees 2 (as of 10/02/2024)
Status
Shares Offered
Offer amount $69,000,000
Shares Over Alloted
Company Address UNITS 1005-1006, 10/F CHINA MERCHANT TOWER, SHUN TAK CENTRE 168-200 CONNAUGHT ROAD CENTRAL 999077
Company Phone 852 39985110
Company Website www.septerna.com
CEO Kin (Stephen) Sze
State of Inc
Fiscal Year End 12-31
Total Offering Expense $505,000.00
Shareholder Shares Offered
Shares Outstanding 7,753,000
Lockup Period (days) 180
Lockup Expiration
Quiet Period Expiration
CIK 0001926314
DealId 1220720-111630

Company Description

We are a blank check company incorporated in the British Virgin Islands on August 20, 2021 as a business company with limited liability (meaning that our public shareholders have no liability, as shareholders of our company, for the liabilities of our company over and above the amount paid for their shares). We were formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, which we refer to as a “target business.” Our efforts to identify a prospective target business will not be limited to a particular industry or geographic location. However, we will not undertake our initial business combination with any PRC entity with a VIE structure. As a result, this may limit the pool of acquisition candidates we may acquire in the PRC, in particular, due to the relevant PRC laws and regulations against foreign ownership of and investment in certain assets and industries, known as restricted industries, which include but are not limited to, value-added telecommunications services (inclusive of internet content providers). We do not have any specific business combination under consideration and we have not (nor has anyone on our behalf), directly or indirectly, contacted any prospective target business or had any substantive discussions, formal or otherwise, with respect to such a transaction. Additionally, we have not engaged or retained any agent or other representative to identify or locate any suitable acquisition candidate, to conduct any research or take any measures, directly or indirectly, to locate or contact a target business. --- Our efforts to identify a prospective target business will not be limited to a particular industry or geographic location. However, we will not undertake our initial business combination with any PRC entity with a VIE structure. As a result, this may limit the pool of acquisition candidates we may acquire in the PRC, in particular, due to the relevant PRC laws and regulations against foreign ownership of and investment in certain assets and industries, known as restricted industries, which include but are not limited to, value-added telecommunications services (inclusive of internet content providers). Currently, we do not have any specific business combination under consideration or contemplation, and we have not, nor has anyone on our behalf, contacted any prospective target business or had any discussions, formal or otherwise, with respect to such a transaction. We do not have any specific business combination under consideration and we have not (nor has anyone on our behalf), directly or indirectly, contacted any prospective target business or had any substantive discussions, formal or otherwise, with respect to such a transaction. --- Our principal executive office is located at 136 Madison Avenue, 5th & 6th Floors, New York, New York 10016 and our telephone number is +1 (646) 722-3300.