Oceanhawk Acquisition funds $184.9 million trust after over-allotment exercise
Oceanhawk Acquisition Corp. said underwriters fully exercised their over-allotment option on May 27, 2026, buying 2,400,000 additional units at $10.00 each for $24 million, bringing total units sold to 18,400,000. A total of $184,920,000 from the IPO, the option and private placement sales was placed in a segregated trust account. The trust funds and the Rights in each unit, which convert into Class A ordinary shares upon completion of an initial business combination, are the key terms for shareholders as the company seeks a business combination.
Key points
- Over-allotment option exercised in full on May 27, 2026: 2,400,000 additional units at $10.00 per unit, or $24,000,000
- Total units sold after the option exercise: 18,400,000
- 30,000 additional private placement units sold to The Benchmark Company, LLC for approximately $300,000
- $184,920,000 placed in a trust account with Odyssey Transfer & Trust Company as trustee
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.