OCA Acquisition Corp.
OCAX
Other OTC11.60
USD
- -
- -
OCA Acquisition Corp.
OCAX
(Other OTC)
Recent
price
11.60
P/E
ratio
- -
div
yld
- -
ROIC.AI
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.- Similar Companies
- Business
- OCA Acquisition Corp is a special purpose acquisition company (SPAC) primarily focused on effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations. Founded in 2020 and headquartered in New York, the company targets partnering with fast-growing U.S. companies to accelerate their expansion into and across Asia, leveraging its sponsor Olympus Capital Asia’s extensive investment experience and regional network. OCA prioritizes acquisitions in technology-enabled business services (including healthcare and education), food technology, and financial services sectors, specifically targeting companies with enterprise values between $750 million and $1 billion or more. OCA Acquisition’s core activity is facilitating business combinations that enable private companies to become publicly listed, acting as a financial vehicle for growth and cross-border expansion. Its sponsor, Olympus Capital Asia, is an Asia-focused private equity fund with over 20 years of experience investing in middle-market companies across the region. OCA also provides operational and strategic support to acquired companies to mitigate risks and accelerate growth in Asian markets. In recent major developments, OCA Acquisition announced a proposed business combination with Powermers Smart Industries, Inc., a global green-powered solutions company, anticipated to close in 2024 subject to customary closing conditions. This combination targets a pro forma equity value of approximately $2 billion and is expected to result in Powermers’ listing on Nasdaq under a new ticker. The transaction represents a strategic expansion into the sustainable technology sector. OCA has faced extensions and negotiations relating to business combination deadlines and financing arrangements in the past two years but remains focused on completing transformational deals that enhance shareholder value and support cross-border growth initiatives. The company’s operations span the United States and Asia, emphasizing cross-border transaction expertise within the private equity and technology-enabled services landscapes. OCA Acquisition Corp holds a significant role as a public market facilitator in Asian growth strategies, leveraging its sponsor’s connections and operational knowledge to support technology-enabled and sustainable business models expanding across the Asia-Pacific region. Its business model is built around creating public market access for innovative companies with high growth potential in targeted sectors and geographies.
Sea Otter Advisors LLC Acquires Stake in KnightSwan Acquisition Corp
Sea Otter Advisors LLC Acquires Stake in BlueRiver Acquisition Corp