Liquidation: OCA Acquisition Corp.
Form Type: 8-K
Filing Date: 2025-01-21
Corporate Action: Liquidation
Type: New
Accession Number: 000121390025004817
Filing Summary: OCA Acquisition Corp. intends to redeem all outstanding shares of Class A common stock due to the failure to consummate an initial business combination within the required timeframe. The decision to redeem shares arises after a termination letter from Powermers Smart Industries, Inc. regarding the Merger Agreement, which the Company believes was improperly terminated due to PSI's material breach of the agreement. The redemption is planned for on or about January 22, 2025, with shareholders receiving a pro rata portion of the trust account funds, including interest, adjusted for certain expenses related to dissolution.
Additional details:
Redemption Date: 2025-01-22
Merger Agreement Date: 2023-12-21
Termination Letter Sender: Powermers Smart Industries, Inc.
Termination Validity: invalid
Exercise Price Redeemable Warrant: 11.50
Cfo Name: Jeffrey Glat
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