OCA Acquisition’s board of directors elected to extend the SPAC’s merger deadline from July 20 to Jan. 20, 2023. In return, the SPAC’s sponsor, OCA Acquisition Holdings, intends to deposit $747,500 (5 cents a share) into the trust account by July 20.
OCA raised $130 million in a January 2021 IPO. The SPAC is targeting U.S. businesses in the technology-enabled business services, including healthcare and education, or financial services sectors, with an enterprise value of $750 million to $1 billion. Read more.
