Oceanhawk Acquisition (OHAC)
Market Price (8/5/2026): $9.94 | Market Cap: $-Sector: Financials | Industry: Multi-Sector Holdings
Oceanhawk Acquisition (OHAC)
Market Price (8/5/2026): $9.94Market Cap: $-Sector: FinancialsIndustry: Multi-Sector Holdings
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Low stock price volatilityVol 12M is 1.2% | Trading close to highsDist 52W High is -0.1%, Dist 3Y High is -0.1% Weak multi-year price returns2Y Excs Rtn is -42%, 3Y Excs Rtn is -68% | Key risksOHAC key risks include [1] having not yet selected a business combination target or engaged in substantive discussions, Show more. |
| Low stock price volatilityVol 12M is 1.2% |
| Trading close to highsDist 52W High is -0.1%, Dist 3Y High is -0.1% |
| Weak multi-year price returns2Y Excs Rtn is -42%, 3Y Excs Rtn is -68% |
| Key risksOHAC key risks include [1] having not yet selected a business combination target or engaged in substantive discussions, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Oceanhawk Acquisition (OHAC) stock has remained largely at the same level since it went public on 6/8/2026 because of the following key factors:
1. Oceanhawk Acquisition (OHAC) operates as a blank check company and has not yet announced a definitive business combination.
As a Special Purpose Acquisition Company (SPAC), OHAC's primary purpose is to merge with or acquire an existing private company. Since its IPO in May 2026 and throughout fiscal Q3 2026 (July 1 - September 30, 2026), the company has not publicly identified a target or entered into a definitive merger agreement, leaving it without underlying business operations or revenue to drive significant stock movement.
2. The stock price remains near its IPO offering price due to funds held in a trust account.
OHAC units were initially priced at $10.00 each, with the proceeds from the offering placed into a trust account. This structure provides a baseline for the stock's value, as the company's assets are primarily the cash and investments within this trust, typically held until a business combination is completed or the SPAC liquidates.
Show more
Oceanhawk Acquisition (OHAC) stock has remained largely at the same level since it went public on 6/8/2026 because of the following key factors:
1. Oceanhawk Acquisition (OHAC) operates as a blank check company and has not yet announced a definitive business combination.
As a Special Purpose Acquisition Company (SPAC), OHAC's primary purpose is to merge with or acquire an existing private company. Since its IPO in May 2026 and throughout fiscal Q3 2026 (July 1 - September 30, 2026), the company has not publicly identified a target or entered into a definitive merger agreement, leaving it without underlying business operations or revenue to drive significant stock movement.
2. The stock price remains near its IPO offering price due to funds held in a trust account.
OHAC units were initially priced at $10.00 each, with the proceeds from the offering placed into a trust account. This structure provides a baseline for the stock's value, as the company's assets are primarily the cash and investments within this trust, typically held until a business combination is completed or the SPAC liquidates.
3. Investor redemption rights provide a floor for the stock price.
A key feature of SPACs is the ability for public shareholders to redeem their shares for a pro-rata portion of the trust account, typically around $10.00 per share plus accrued interest, if they do not approve an announced business combination or if the SPAC fails to complete a merger within its designated timeframe. This right limits downside risk and helps to keep the share price anchored close to the trust value in the pre-merger phase.
4. Lack of company-specific news and operational performance limits catalysts for price appreciation.
In the period since its IPO on June 8, 2026, and extending into fiscal Q3 2026, OHAC, as a non-operating entity, has not generated financial results or operational news that would typically influence stock valuation. Prior to a business combination announcement, SPACs often experience minimal price fluctuation, as investor interest is largely speculative regarding potential future deals rather than current performance.
Show less
Stock Movement Drivers
Fundamental Drivers
nullnull
Market Drivers
4/30/2026 to 8/4/2026| Return | Correlation | |
|---|---|---|
| OHAC | ||
| Market (SPY) | 7.3% | 21.8% |
| Sector (XLF) | 11.0% | 10.0% |
Fundamental Drivers
nullnull
Market Drivers
1/31/2026 to 8/4/2026| Return | Correlation | |
|---|---|---|
| OHAC | ||
| Market (SPY) | 11.8% | 21.8% |
| Sector (XLF) | 8.9% | 10.0% |
Fundamental Drivers
nullnull
Market Drivers
7/31/2025 to 8/4/2026| Return | Correlation | |
|---|---|---|
| OHAC | ||
| Market (SPY) | 23.1% | 21.8% |
| Sector (XLF) | 11.8% | 10.0% |
Fundamental Drivers
nullnull
Market Drivers
7/31/2023 to 8/4/2026| Return | Correlation | |
|---|---|---|
| OHAC | ||
| Market (SPY) | 74.4% | 21.8% |
| Sector (XLF) | 71.2% | 10.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| OHAC Return | - | - | - | - | - | 1% | 1% |
| Peers Return | -1% | -1% | |||||
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 102% |
Monthly Win Rates [3] | |||||||
| OHAC Win Rate | - | - | - | - | - | 67% | |
| Peers Win Rate | 0% | ||||||
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| OHAC Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | |||||||
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: KEYY.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/4/2026 (YTD)
How Low Can It Go
OHAC has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.5% | -18.8% |
| % Gain to Breakeven | 18.4% | 23.1% |
| Time to Breakeven | 80 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -10.7% | -9.5% |
| % Gain to Breakeven | 12.0% | 10.5% |
| Time to Breakeven | 26 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -16.1% | -6.7% |
| % Gain to Breakeven | 19.1% | 7.1% |
| Time to Breakeven | 270 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -19.7% | -19.2% |
| % Gain to Breakeven | 24.5% | 23.8% |
| Time to Breakeven | 123 days | 105 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
OHAC has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -21.4% | -12.2% |
| % Gain to Breakeven | 27.3% | 13.9% |
| Time to Breakeven | 272 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -26.1% | -17.9% |
| % Gain to Breakeven | 35.3% | 21.8% |
| Time to Breakeven | 162 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -78.3% | -53.4% |
| % Gain to Breakeven | 359.8% | 114.4% |
| Time to Breakeven | 2329 days | 1085 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Oceanhawk Acquisition (OHAC)
Oceanhawk Acquisition (OHAC) is a Special Purpose Acquisition Company (SPAC), also known as a blank check company. Its sole business objective is to seek out and merge with, acquire, or otherwise combine with one or more existing private operating businesses. This process, referred to as an "initial business combination," transforms the private entity into a publicly traded company. OHAC currently generates no revenue and will not do so until it successfully completes such an acquisition.
The company does not have traditional products or services; rather, its offering is a public listing vehicle for a private company. Oceanhawk Acquisition has not yet identified a specific target business, maintaining a broad search scope that is not limited by industry, sector, or geographical region.
The primary market for Oceanhawk Acquisition is private companies that are looking to access the public markets. OHAC aims to utilize its management team's established global relationships, sector expertise, and active management experience to identify a suitable acquisition candidate that can benefit from these strengths and grow as a public company.
AI Analysis | Feedback
AI Analysis | Feedback
- Initial Business Combination: Oceanhawk Acquisition's primary service is to identify and complete a merger, share exchange, asset acquisition, share purchase, or similar business combination with one or more private operating businesses.
AI Analysis | Feedback
Oceanhawk Acquisition (OHAC) is a Special Purpose Acquisition Company (SPAC). As described in the background, it is a blank check company whose business purpose is to effect a merger or similar business combination with one or more businesses. The company has not yet selected a specific business combination target and has generated no revenues to date.
Therefore, Oceanhawk Acquisition (OHAC) currently does not have any major customers, nor does it sell products or services to other companies or individuals.
AI Analysis | Feedback
AI Analysis | Feedback
AI Analysis | Feedback
The primary key risk to Oceanhawk Acquisition is the inability to complete an initial business combination. As a blank check company, Oceanhawk Acquisition's sole business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company has not yet selected any specific business combination target, nor has it engaged in substantive discussions with any potential target. It has generated no revenues to date and does not expect to do so until an initial business combination is consummated. Therefore, the failure to successfully identify and complete such a transaction within the required timeframe would mean the company cannot achieve its fundamental objective, likely leading to its liquidation and the return of funds to shareholders without the realization of any operating business.
AI Analysis | Feedback
AI Analysis | Feedback
AI Analysis | Feedback
AI Analysis | Feedback
Share Issuance
- Oceanhawk Acquisition Corp. issued 16 million units at $10.00 per unit in its initial public offering (IPO), raising gross proceeds of $160 million.
- The underwriter fully exercised its over-allotment option, leading to the issuance of an additional 2.4 million units, bringing the total gross proceeds from the IPO to $184 million.
- The company also sold 500,000 private placement units at $10.00 each, generating an additional $5 million.
Inbound Investments
- Oceanhawk Acquisition Corp. raised $184 million in gross proceeds from its initial public offering, which included the full exercise of the over-allotment option.
- An additional $5 million was raised through the sale of private placement units.
- A total of $160,800,000 in net proceeds from the IPO and private placement was deposited into a U.S. trust account, specifically designated to fund a future business combination.
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 9.90 |
| Mkt Cap | - |
| Rev LTM | - |
| Op Inc LTM | - |
| FCF LTM | - |
| FCF 3Y Avg | - |
| CFO LTM | - |
| CFO 3Y Avg | - |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | - |
| Rev Chg 3Y Avg | - |
| Rev Chg Q | - |
| QoQ Delta Rev Chg LTM | - |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | - |
| CFO/Rev 3Y Avg | - |
| FCF/Rev LTM | - |
| FCF/Rev 3Y Avg | - |
Price Behavior
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.02 | -0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Up Beta | 0.03 | -0.05 | -0.01 | -0.02 | -0.00 | 0.07 |
| Down Beta | 0.01 | 0.01 | -0.02 | -0.00 | 0.01 | 0.02 |
| Up Capture | 4% | 3% | 2% | 1% | 0% | 0% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 5 | 10 | 10 | 10 | 10 | 10 |
| Down Capture | -1% | -0% | -0% | -0% | -0% | -0% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 3 | 5 | 5 | 5 | 5 | 5 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OHAC | |
|---|---|---|---|---|
| OHAC | 0.4% | 1.4% | -0.56 | - |
| Sector ETF (XLF) | 14.0% | 14.7% | 0.68 | 5.1% |
| Equity (SPY) | 25.2% | 12.9% | 1.47 | 28.7% |
| Gold (GLD) | 21.1% | 28.1% | 0.67 | 9.1% |
| Commodities (DBC) | 28.3% | 19.8% | 1.14 | 3.2% |
| Real Estate (VNQ) | 15.6% | 13.8% | 0.81 | -21.3% |
| Bitcoin (BTCUSD) | -44.2% | 43.0% | -1.23 | 16.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OHAC | |
|---|---|---|---|---|
| OHAC | 0.1% | 1.4% | -0.56 | - |
| Sector ETF (XLF) | 11.5% | 18.4% | 0.48 | 5.1% |
| Equity (SPY) | 13.4% | 17.2% | 0.60 | 28.7% |
| Gold (GLD) | 17.3% | 18.5% | 0.76 | 9.1% |
| Commodities (DBC) | 8.1% | 19.6% | 0.31 | 3.2% |
| Real Estate (VNQ) | 2.4% | 18.9% | 0.02 | -21.3% |
| Bitcoin (BTCUSD) | 10.0% | 53.0% | 0.38 | 16.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OHAC | |
|---|---|---|---|---|
| OHAC | 0.0% | 1.4% | -0.56 | - |
| Sector ETF (XLF) | 13.7% | 22.1% | 0.57 | 5.1% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 28.7% |
| Gold (GLD) | 11.6% | 16.1% | 0.58 | 9.1% |
| Commodities (DBC) | 7.0% | 18.0% | 0.31 | 3.2% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.20 | -21.3% |
| Bitcoin (BTCUSD) | 58.0% | 66.2% | 0.98 | 16.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 6/7/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Multi-Sector Holdings Resources |
| McKinsey & Company Insights |
| Harvard Business Review |
| ValueWalk |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.