OCA Acquisition Corp. (OCAXU) Prices $130M IPO

SPAC pricing

OCA Acquisition Corp. (OCAXU) Prices $130M IPO

OCA Acquisition Corp. announced the pricing of its $130 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “OCAXU” Friday, January 15.

The new company aims to combine with a technology-enabled business services target valued at $750 million to $1 billion. OCA is led by CEO and President David Shen alongside CFO, Secretary and Treasurer Jeffrey Glat.

Total SPAC deal count for 2021 year-to-date is now 48 with $12.7 billion in gross proceeds raised. This offering is expected to close on Wednesday, January 20.

Stifel, Nicolaus & Company Inc. and Nomura Securities International are acting as joint book-running managers for this offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with DLA Piper LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.