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.