New York, NY, July 15, 2022 (GLOBE NEWSWIRE) — OCA Acquisition Corp. (NASDAQ: OCAXU) (the “Company”) announced today that its board of directors has elected to extend the date by which the Company has to consummate a business combination from July 20, 2022 to January 20, 2023 (the “Extension”), as permitted under the Company’s Amended and Restated Certificate of Incorporation. In connection with the Extension, the Company’s sponsor, OCA Acquisition Holdings LLC, has notified the Company that it intends to deposit an aggregate of $747,500 (representing $0.05 per public share) into the Company’s trust account on or before July 20, 2022. The Extension provides the Company with additional time to complete its initial business combination.
About OCA Acquisition Corp.
OCA Acquisition Corp. is a newly formed special purpose acquisition company incorporated for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an acquisition opportunity in any industry or geographic region, it intends to focus on a U.S. business in the technology-enabled business services (including healthcare and education) or financial services sectors. The majority member of OCA’s sponsor is Olympus Capital Asia V, L.P., the fifth pan-Asia private equity fund advised by Olympus Capital Asia, one of the longest standing middle…
