CHEVY CHASE, Md., Jan. 21, 2022 /PRNewswire/ -- Blue Ocean
Acquisition Corp (NASDAQ: BOCNU) ("Blue Ocean" or the "Company")
announced today that, commencing January 24,
2022, holders of the units (the "Units") sold in the
Company's initial public offering ("IPO") may elect to separately
trade the Class A ordinary shares, par value $0.0001 per share (the "Class A ordinary
shares"), and redeemable warrants included in the Units. Each Unit
consists of one Class A ordinary share and one-half of one
redeemable warrant. Each whole warrant entitles its holder to
purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment. Any
Units not separated will continue to trade on the NASDAQ Global
Market ("NASDAQ") under the symbol "BOCNU". Any underlying Class A
ordinary shares and warrants that are separated will trade on the
NASDAQ under the symbols "BOCN" and "BOCNW," respectively. No
fractional warrants will be issued upon separation of the Units,
and only whole warrants will trade. Holders of Units will need to
have their brokers contact the Company's transfer agent,
Continental Stock Transfer & Trust Company, in order to
separate the holders' Units into Class A ordinary shares and
warrants.
The Units were initially offered by the Company in an
underwritten offering. Needham & Company acted as Sole
Book-Running Manager for the offering.
A registration statement relating to the securities was filed
with the Securities and Exchange Commission ("SEC") and was
declared effective on December 2,
2021.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the securities of the Company, nor
shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation, or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Blue Ocean Acquisition Corp
The Company is a blank-check company sponsored by an affiliate
of North Base Media, a global venture-capital firm specialized in
media and formed for the purpose of entering into a merger, capital
stock exchange, asset acquisition, stock purchase, reorganization
or similar business combination with one or more businesses or
entities.
Cautionary Note Concerning Forward-Looking Statements
This press release may include statements that constitute
"forward-looking statements," within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934. All statements other than
statements of historical fact included in this press release are
forward-looking statements. Forward-looking statements are subject
to numerous conditions, risks and changes in circumstances, 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 as amended from time to time, and prospectus for the
Company's offering filed with the SEC. Such
forward-looking statements include separate trading of the
Company's Class A ordinary shares and redeemable warrants.
The Company expressly disclaims any obligations or undertakings to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in the Company's
expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based.
View original
content:https://www.prnewswire.com/news-releases/blue-ocean-acquisition-corp-announces-the-separate-trading-of-its-class-a-ordinary-shares-and-redeemable-warrants-commencing-january-24-2022-301465890.html
SOURCE Blue Ocean Acquisition Corp.