Ocean Capital Acquisition Corporation (OCACU) has announced the pricing of its initial public offering of 10 million units at $10 per unit. Each unit consists of a share, a redeemable warrant, and a right to receive one share upon the consummation of an initial business combination.
Each redeemable warrant entitles the holder thereof to purchase a share at $11.50 per share.
The units are expected to trade on the New York Stock Exchange under the ticker symbol "OCACU" from June 9. Ocean Capital expects the IPO to close on June 10.
Once the securities comprising the Units begin separate trading, the shares, warrants, and the rights are expected to be traded on the NYSE under the symbols "OCAC", "OCACW," and "OCACR," respectively.
Alliance Global Partners is the sole book-running manager for the offering. Ocean Capital has granted Alliance Global Partners a 45-day option to purchase up to an additional 1.500 million units to cover over-allotments.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.