Ocean Capital Acquisition net loss narrows 80% to $38,761 for year ended June 30, 2026
Bitget2026/09/28 20:02- Ocean Capital Acquisition reported FY26 net loss of USD 38,761, narrowing from USD 189,492 a year earlier.
- General and administrative expenses rose to USD 265,286, while interest earned on marketable securities in the Trust Account totaled USD 226,525.
- Completed its initial public offering of 11,500,000 Units at USD 10.00, raising USD 115 million in gross proceeds.
- Deposited USD 115 million into the Trust Account; cash held outside the Trust Account was USD 171,379 at June 30, 2026.
- Must complete an initial business combination by June 10, 2027, and flagged substantial doubt about its ability to continue as a going concern.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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