Blue Ocean Acquisition Corp
BOCNW
NASDAQ Global Select0.02
USD
- -
- -
CIK
0001856961
ISIN
KYG1330L1216
CUSIP
G1330L121
Return %
Stock
S&P500
1Y
13.88
18.21
3Y
-89.92
64.38
5Y
-89.92
72.43
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
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 2 Wisconsin Circle Chevy Chase MD United States of America 20815
- CIK
- 0001856961
- Website
- boacquisition.com
- Similar Companies
- Business
- Blue Ocean Acquisition Corp (BOCNW) is a blank check company incorporated in the Cayman Islands in 2021 and headquartered at 2 Wisconsin Circle, 7th Floor, Chevy Chase, Maryland; it has no significant operations and focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company targets high-growth opportunities in the internet and digital media sector, including online marketplaces, content and subscription management, education and training, advertising technology, and direct-to-consumer e-commerce businesses, with an emphasis on large-population emerging regions in Asia and Latin America as well as North America. In December 2024, Blue Ocean completed a reverse merger transaction whereby it was acquired by TNL Mediagene, a leading Asian digital-media company, pursuant to a business combination agreement originally dated June 6, 2023 and amended in May and October 2024; shareholders approved the merger on November 25, 2024, with Blue Ocean surviving as a wholly-owned subsidiary of TNL Mediagene, whose ordinary shares commenced trading on Nasdaq under the ticker TNMG on December 6, 2024, while Blue Ocean's Class A ordinary shares, warrants (BOCNW), and units (BOCNU) were suspended from trading. The transaction valued TNL Mediagene at a pre-money enterprise value of approximately $275 million and was supported by financing arrangements including $4.355 million in subordinated unsecured convertible promissory notes to third-party investors that convert into TNL Mediagene ordinary shares, up to $11.944 million in convertible notes, and an equity line of credit of up to $30 million. Leadership includes Chairman Marcus Brauchli, formerly executive editor of The Wall Street Journal and The Washington Post, CEO Richard Leggett, and CFO Matt Lasov, with a board and advisors experienced in media, technology, and global investments from firms such as News Corp, Gannett, Bloomberg, and Goldman Sachs.