Oceanhawk Acquisition prices $160 million IPO at $10 per unit

Oceanhawk Acquisition Corp. (NASDAQ: OHAC) priced its initial public offering of 16 million units at $10 per unit, raising $160 million. The blank check company increased the offering size from an undisclosed smaller amount.

The units will begin trading on the Nasdaq Stock Market under the symbol "OHACU" on May 21, 2026. Each unit contains one Class A ordinary share and one right to receive one-fourth of one Class A ordinary share upon completion of a business combination.

The ordinary shares and rights will trade separately under the symbols "OHAC" and "OHACR" respectively once separate trading begins. The offering is expected to close on May 22, 2026, subject to customary closing conditions.

The Benchmark Company has a 45-day option to purchase up to 2.4 million additional units to cover over-allotments. The Benchmark Company is serving as the sole book-running manager for the offering.

The company is led by Chief Executive Officer Ernest Miller and incorporated in the Cayman Islands. The special purpose acquisition company intends to pursue a merger, acquisition or similar business combination with one or more businesses, with a focus on high-potential businesses globally.

Miller brings more than 25 years of experience in the commodity-driven energy sector, including financial management and strategic planning for capital-intensive companies. The company intends to leverage the experience and network of the Oceanhawk platform in identifying potential business combination opportunities.

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