OCA Acquisition Corp.
OCAXU
Other OTC10.72
USD
- -
- -
CIK
0001820175
ISIN
US6708652036
CUSIP
670865203
Return %
Stock
S&P500
1Y
7.20
18.21
3Y
6.56
64.38
5Y
3.08
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
- David Tao-Wei Shen
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1345 Avenue of the Americas New York City NY United States of America 10105
- IPO Date
- Jan 19, 2021
- CIK
- 0001820175
- Website
- ocaacquisition.com
- Similar Companies
- Business
- OCA Acquisition Corp. OCA Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with a focus on fast-growing U.S. companies in technology-enabled business services including healthcare and education, food tech, and financial services sectors that possess enterprise values of $750 million to $1.0+ billion and potential for accelerated expansion into and across Asia; it offers no current products or services beyond its special purpose acquisition vehicle structure backed by sponsor OCA Acquisition Holdings LLC, a fund of Olympus Capital Asia, and maintains funds in a trust account invested in U.S. government securities or money market funds to finance such transactions. Incorporated in 2020 and headquartered at 1345 Avenue of the Americas, 33rd Floor, New York, New York, the company operates principally in the financial services industry targeting independent or family-owned enterprises as well as portfolio companies of private equity investors, leveraging Olympus Capital's 20+ year pan-Asian investment platform across Greater China, Southeast Asia, Japan/Korea, India and regional markets to provide operational and strategic support for post-combination growth. In December 2023, OCA Acquisition Corp. entered into a business combination agreement with Powermers Smart Industries, Inc., a green-powered innovator in commercial transportation and industrial equipment; the company has extended its initial business combination deadline multiple times via sponsor promissory notes totaling $1,080,000, with the current target date of November 20, 2024, following Nasdaq delisting due to failure to consummate within 36 months, resulting in OTC Pink Marketplace trading, while pursuing a pro forma equity value of approximately $2 billion for the combined entity potentially relisting on Nasdaq.
Powermers Smart Industries, Inc., a Global Green-Powered Solutions Company, to be Publicly Listed through a Business Combination with OCA Acquisition Corp.
OCA Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing March 8, 2021