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Ocean Capital Acquisition Corporation Announces Closing of $115 Million Initial Public Offering Including Full Exercise of Underwriters’ Over-Allotment Option | The Manila Times
New York, New York, June 11, 2026 (GLOBE NEWSWIRE) -- Ocean Capital Acquisition Corporation, a blank check company incorporated in the British Virgin Islands as an exempted company with limited liability (the 'Company”), today announced the closing of its previously announced initial public offering (the 'IPO” or this 'Offering”) of 10,000,000 units (the 'Units”) at an offering price of $10.00 per Unit. Each Unit consists of one ordinary share, one redeemable warrant, and one right to receive one ordinary share upon the consummation of an initial business combination. Each redeemable warrant entitles the holder thereof to purchase one ordinary share of the Company at a price of $11.50 per share, subject to certain adjustments.
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