• Facilitating Business Combinations: Ocean Capital Acquisition is a blank check company formed with the sole purpose of effecting a merger, acquisition, or similar business combination with one or more target businesses.

Ocean Capital Acquisition (OCAC) is a blank check company, also known as a Special Purpose Acquisition Company (SPAC). Its primary purpose is to raise capital through an initial public offering to acquire an existing private company, thereby taking it public. Based on the provided description, OCAC has not yet completed a business combination or acquired a target company. It does not have any ongoing business operations, products, or services that it sells to customers.

Therefore, Ocean Capital Acquisition (OCAC) does not currently have any major customers, nor does it sell products or services to other companies or individuals.

Kin (Stephen) Sze, Chief Executive Officer and Chairman

Kin (Stephen) Sze previously co-led Proficient Alpha Acquisition from its 2019 initial public offering until it merged with Lion Group Holding (LGHL) in 2020. Mr. Sze also served as Chief Financial Officer of Metal Sky Star Acquisition Corporation from December 20, 2024, to March 18, 2026.

Man Kai (Anthony) Ho, Chief Financial Officer and Director

Man Kai (Anthony) Ho was a former Vice President of the WiFi provider Altai Technologies.

Pok Yu (Augustine) Chow, Independent Director

Pok Yu (Augustine) Chow was appointed to the board of directors of Ocean Capital Acquisition on May 4, 2026. Effective June 10, 2026, he was appointed to the Board's Audit Committee and Compensation Committee.

Hiu Man (Elliott) Cheng, Independent Director

Hiu Man (Elliott) Cheng was appointed to the board of directors of Ocean Capital Acquisition on May 4, 2026. Effective June 10, 2026, he was appointed to the Board's Audit Committee and Compensation Committee, serving as chair for both committees.

Hin Wing (Simon) Wong, Independent Director

Hin Wing (Simon) Wong served as executive director and responsible officer of Silk Road International Capital Limited (formerly known as Legend Capital Partners Inc.). From October 2004 to June 2020, he was an independent non-executive director of Aeon Credit Service (Asia) Co., Ltd (HKEx: 0900). He also served as an independent non-executive director from June 2014 to December 2020. Mr. Wong was appointed to the board of directors of Ocean Capital Acquisition on May 4, 2026, and to the Board's Audit Committee and Compensation Committee effective June 10, 2026.

1. The inability to identify and complete an initial business combination within the required timeframe, which would lead to the company's liquidation and potential loss for shareholders.
2. The self-imposed limitation on not undertaking an initial business combination with any PRC entity with a VIE structure, which may limit the pool of available acquisition candidates.

For Ocean Capital Acquisition (OCAC), a blank check company, the expected drivers of future revenue growth over the next 2-3 years are intrinsically linked to its core objective of completing a business combination. As a Special Purpose Acquisition Company (SPAC), OCAC currently does not have operational revenue-generating activities. Therefore, its future revenue growth will depend entirely on the successful acquisition and subsequent performance of a target business. The key drivers include:

1. Successful Completion of an Initial Business Combination: The primary driver of future revenue for OCAC is the successful identification and closing of a merger, share exchange, asset acquisition, or similar business combination with an operating company. Without this de-SPAC transaction, OCAC will not have an underlying business to generate revenue.
2. Acquisition of a High-Growth Target Business: The specific revenue growth will be driven by the inherent growth potential of the business that OCAC ultimately acquires. This includes the target's market position, product offerings, customer base, and industry growth prospects.
3. Strategic Alignment and Synergies with the Acquired Entity: Future revenue growth will be influenced by the strategic fit between OCAC's vision and the acquired company's operations. The realization of synergies, such as enhanced market reach or operational efficiencies, can further accelerate the revenue trajectory of the combined entity.
4. Effective Post-Acquisition Integration and Operational Execution: Once a business combination is completed, the ability to seamlessly integrate the acquired company and execute its growth strategies will be crucial. This includes investing in the target's existing products or services, expanding into new markets, or developing new offerings.
5. Capital Allocation and Funding for Expansion: The capital raised through OCAC's initial public offering and any subsequent financing will provide the necessary resources for the acquired business to fund its expansion initiatives, such as research and development, marketing campaigns, or increased production capacity, thereby driving revenue growth.

Share Issuance

• Ocean Capital Acquisition completed its Initial Public Offering (IPO) in June 2026, raising $115 million through the sale of 11,500,000 units at $10.00 per unit, which included the full exercise of the underwriters' over-allotment option.
• In conjunction with its IPO, the company completed a private placement of 150,000 units at $10.00 per unit, generating an additional $1.5 million in gross proceeds.

Inbound Investments

• The combined gross proceeds of $115 million from the IPO and the private placement were placed into a U.S.-based trust account.