Oceanhawk Acquisition Corp. — Form 8-K
Filed October 6, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Oceanhawk Acquisition Corp. issued a convertible promissory note to its sponsor (Oceanhawk Acquisition I Sponsor, LLC) for $1,550,000 dated September 30, 2026. The note converts automatically into private placement units (1 share + 0.25 warrant per $10 principal) upon business combination closing, or the sponsor may elect cash repayment. Principal is due only at business combination closing; no interest accrues. The note is unsecured and the sponsor waives claims on IPO trust account proceeds.
Why this rating
Routine sponsor financing for SPAC operations. $1.55M is ~0.8% of $186M asset base—immaterial for company scale. Standard SPAC capital structure.
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