Oceanhawk Acquisition Corp. filed its first 10-Q covering the quarter ended June 30, 2026.
The May 22 IPO of 16,000,000 units at $10.00 generated $160M gross. Over-allotment of 2,400,000 units closed May 27 for an additional $24M. Private placement of 530,000 units added $5.3M.
$184.92M was deposited into the trust account. Balance stood at $185,557,136 ($10.08 per share) for 18,400,000 Class A shares subject to redemption as of June 30.
18,930,000 Class A shares and 6,133,333 Class B shares were issued and outstanding on August 13, 2026. No business combination target has been selected.
The company has until 15 months from the May 22 closing to complete a combination, or 18 months if an agreement is signed within the first 15 months. Net loss for the six months was $379,767.
Pulse Impact
- Previous Pulse: 52
- New Pulse: 51
- Change: –1
- Driver: 10-Q read as a slower or weaker beat, so Pulse fell.
Oceanhawk Acquisition Corp Form 10-Q (2026-08-14)
Not investment advice. Facts taken from the company’s Form 10-Q.