OCA Acquisition Corp. Announces Pricing of $130 Million Initial Public Offering Thursday, January 14, 2021
14 Janeiro 2021 - 9:47PM
OCA Acquisition Corp. (the "Company" or "OCA"), a special purpose
acquisition company, today announced the pricing of its initial
public offering of 13,000,000 units at a price of $10.00 per unit.
The units will be listed on The Nasdaq Capital Market ("Nasdaq")
and will begin trading on Friday, January 15, 2021, under the
ticker symbol "OCAXU".
Each unit issued in the offering consists of one share of the
Company's Class A common stock and one-half of one redeemable
warrant. Each whole warrant entitles the holder thereof to purchase
one share of Class A common stock at a price of $11.50 per share.
Once the securities comprising the units commence separate trading,
the shares of Class A common stock and redeemable warrants are
expected to be respectively listed on Nasdaq under the symbols
"OCAX" and "OCAXW". No fractional warrants will be issued upon
separation of the units and only whole warrants will trade. The
offering is expected to close on Wednesday, January 20, 2021,
subject to customary closing conditions.
Stifel and Nomura are acting as joint book-running managers for
the offering. The Company has granted the underwriters a 45-day
option from the date of the final prospectus to purchase up to an
additional 1,950,000 units at the initial public offering price to
cover over-allotments, if any.
A registration statement relating to the securities became
effective on January 14, 2021. The offering is being made only by
means of a prospectus, which forms a part of the registration
statement. Copies of the prospectus may be obtained, when
available, for free by visiting EDGAR on the Securities and
Exchange Commission (the "SEC") website at www.sec.gov.
Alternatively, copies may be obtained, when available, from Stifel,
Nicolaus & Company, Incorporated, Attention: Syndicate
Department, One South Street, 15th Floor, Baltimore, Maryland
21202, email: syndprospectus@stifel.com, or by telephone: (855)
300-7136 and Nomura Securities International, Inc., Attention:
Equity Syndicate Department, Worldwide Plaza, 309 West 49th Street,
New York, New York 10019-7316, or by telephone at 212-667-9000, or
by email at equitysyndicateamericas@nomura.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
About OCA Acquisition Corp.OCA Acquisition Corp. is a newly
formed blank check company incorporated for the purpose of
effecting a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination with
one or more businesses (the "Business Combination"). While the
Company may pursue an acquisition opportunity in any industry or
geographic region, it intends to focus on a U.S. business in the
technology-enabled business services (including healthcare and
education) or financial services sectors. OCA’s sponsor is
Olympus Capital Asia V, L.P., the fifth pan-Asia private equity
fund advised by Olympus Capital Asia, one of the longest standing
middle market private equity firms in Asia with a 20+ year history
of investing in the region. OCA intends to acquire a business
which will benefit from Olympus Capital's extensive industry
network and experience helping companies expand in Asia.
Cautionary Statement Concerning Forward-Looking StatementsThis
press release contains statements that constitute "forward-looking
statements," including with respect to the initial public offering
and search for a Business Combination. No assurance can be given
that the offering discussed above will be completed on the terms
described, or at all. Forward-looking statements are subject to
numerous conditions, many of which are beyond the control of the
Company, including those set forth in the "Risk Factors" section of
the Company's registration statement and preliminary prospectus
filed with the SEC. Copies are available on the SEC's website,
www.sec.gov. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
OCA Media Contact:Corliss Ruggles, Communications
Advisercorliss.ruggles@gmail.com
OCA Investor Relations Contact:Humberto Galleno, Corporate &
Business Developmenthgalleno@olympuscap.com
SOURCE: OCA Acquisition Corp.
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