Blue Ocean Acquisition Corp.
BOCN
NASDAQ Global Market10.72
USD
- -
- -
CIK
0001856961
ISIN
KYG1330L1059
CUSIP
G1330L105
Return %
Stock
S&P500
1Y
-1.34
26.53
3Y
8.89
76.60
5Y
8.89
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Richard Leggett
- Full Time Employees
- 4
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 2 Wisconsin Circle Chevy Chase MD United States of America 20815
- IPO Date
- Feb 22, 2022
- CIK
- 0001856961
- Website
- boacquisition.com
- Similar Companies
- Business
- Blue Ocean Acquisition Corp (BOCN) is a blank check company, or special purpose acquisition company, that does not engage in significant operations other than identifying and executing a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more target businesses; it focuses primarily on high-growth opportunities in the consumer internet sector, including online marketplaces, education and advertising technology, content and subscription management, and direct-to-consumer e-commerce businesses, with emphasis on emerging regions in Asia and Latin America as well as North America. Incorporated in 2021 and headquartered in Chevy Chase, Maryland, the company operates as a subsidiary of Blue Ocean Sponsor LLC and targets platforms for growth in digital media, advertising, and adjacent industries globally. In its most significant recent development, Blue Ocean completed a reverse merger business combination with TNL Mediagene, effective December 5, 2024, valuing the pro forma entity at approximately $266 million in enterprise value; this transaction, originally announced in June 2023 and amended multiple times including in October 2024 to adjust financial thresholds, resulted in the suspension of BOCN's Class A ordinary shares, warrants, and units from Nasdaq trading, with the combined entity's shares listing under a new ticker on the Nasdaq Capital Market. Prior to closing, leadership changes included the appointment of Richard Leggett as CEO in place of interim leadership under Chairman Marcus Brauchli, bolstering expertise from sectors like News Corp., Gannett, and Bloomberg. The sponsor committed earnout shares subject to time and operational milestones, alongside a minimum net cash condition of $20 million, marking the culmination of Blue Ocean's SPAC lifecycle.