
Oceanhawk Acquisition Corp. (NASDAQ:OHACU) (the &#34;Company&#34;) today announced that the underwriters of its recently announced initial public offering fully exercised their over-allotment option to purchase an additional

<p xmlns="http://www.w3.org/1999/xhtml">
Oceanhawk Acquisition Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/OHACU">OHACU</a>) (the "Company") today announced that the underwriters of its recently announced initial public offering fully exercised their over-allotment option to purchase an additional 2,400,000 units at the public offering price of $10.00 per unit, bringing the total units sold to 18,400,000, resulting in aggregate gross proceeds to the Company of $184,000,000. The closing of the full exercise of the over-allotment option occurred today, May 27, 2026.

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The units began trading on the Nasdaq Stock Market ("Nasdaq") under the ticker symbol "OHACU" on May 21, 2026. Each unit consists of one Class A ordinary share and one right to receive one-fourth of one Class A ordinary share upon the consummation of an initial business combination. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on Nasdaq under the symbols "OHAC" and "OHACR", respectively.

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The Company, which is led by Chief Executive Officer Ernest Miller, is a blank check company incorporated as a Cayman Islands exempted company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses. Mr. Miller has over 25 years of experience in the commodity‑driven energy sector, with a background in financial management, strategic planning and the positioning of complex, capital‑intensive companies. While the Company may pursue an initial business combination in any industry or sector, it intends to focus on high‑potential businesses globally, leveraging the experience and network of the Oceanhawk platform.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Benchmark, a StoneX Company, acted as the sole book-running manager for the offering.

</p><p xmlns="http://www.w3.org/1999/xhtml">
A registration statement on Form S-1 relating to these securities has been filed with the Securities and Exchange Commission ("SEC") and became effective on May 20, 2026. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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<b xmlns="http://www.w3.org/1999/xhtml">About Oceanhawk Acquisition Corp.</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Oceanhawk Acquisition Corp. is a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses. Oceanhawk Acquisition Corp. is sponsored by Oceanhawk Acquisition I Sponsor LLC, an affiliate of Oceanhawk, a private investment firm, and intends to leverage Oceanhawk's experience, network and operating platform in identifying and evaluating potential business combination opportunities.

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<b xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</b>

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This press release includes forward-looking statements. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including the Company's search for an initial business combination, are subject to risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the "Risk Factors" section of the Company's registration statement and final prospectus for the offering filed with the SEC, any of which could cause actual results to differ from such forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260527724365r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260527724365/en/" rel="nofollow">https://www.businesswire.com/news/home/20260527724365/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Ernest B. Miller
<br xmlns="http://www.w3.org/1999/xhtml"></br>Chief Executive Officer
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:info@ohac1.com" shape="rect">info@ohac1.com</a>

</p>

OHACU

Oceanhawk Acquisition Corp. Announces Closing of the Full Exercise of the Over-Allotment Option

Oceanhawk closes over-allotment; raises $184M for initial business combination

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Oceanhawk Acquisition Corp. (NASDAQ:OHACU) (the &amp;#34;Company&amp;#34;) today announced that the underwriters of its recently announced initial public offering fully exercised their over-allotment option to purchase an additional</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Oceanhawk Acquisition Corp. boosted its cash runway by $184 million after fully exercising the over-allotment, bringing total units to 18.4 million. The units began trading on Nasdaq May 21, with separate OHAC and OHACR listings anticipated following a business combination. Led by Ernest Miller, the SPAC intends to pursue high-potential, globally-focused opportunities, particularly in energy-related sectors.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Underwriters fully exercise over-allotment for 2.4M more units.</li><li>Total units sold reach 18.4M; gross proceeds $184M at $10 per unit.</li><li>Nasdaq trading of units began May 21, 2026; OHAC and OHACR to list after split.</li><li>CEO Ernest Miller leads SPAC focused on global, energy-related targets.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Oceanhawk Acquisition Corp. (OHACU)</strong>: Issuer SPAC; raising funds to pursue a business combination; cash runway extended.</li><li><strong>OHAC (OHAC)</strong>: Class A ordinary shares to be listed after the business combination; price reaction tied to deal prospects.</li><li><strong>OHACR (OHACR)</strong>: Rights to receive 1/4 of a share upon consummation; liquidity tied to deal timing and terms.</li><li><strong>Benchmark, a StoneX Company (Benchmark)</strong>: Sole book-running manager for the offering; credibility may influence investor sentiment.</li><li><strong>Ernest B. Miller</strong>: CEO with 25+ years in energy; leadership may shape target selection.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. It reflects a financing milestone and structure changes around a SPAC, with implications for deal timing and valuation depending on subsequent targets.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Proceeds now total $184 million, strengthening cash for a potential business combination.</li><li>Nasdaq will list OHAC and OHACR separately after the split; price sensitivity to deal news.</li><li>Management and sponsor experience in energy could influence target selection.</li><li>Forward-looking risk disclosures may cap upside at times.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Underwriters fully exercised over-allotment option.</li><li>Additional 2,400,000 units were purchased.</li><li>Total units sold: 18,400,000.</li><li>Aggregate gross proceeds: $184,000,000.</li><li>Public offering price: $10.00 per unit.</li><li>Closing of over-allotment occurred May 27, 2026.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>OHACU likely to trend modestly higher near-term on increased cash and clearer funding for a future deal.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
Oceanhawk Acquisition Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/OHACU">OHACU</a>) (the "Company") today announced that the underwriters of its recently announced initial public offering fully exercised their over-allotment option to purchase an additional 2,400,000 units at the public offering price of $10.00 per unit, bringing the total units sold to 18,400,000, resulting in aggregate gross proceeds to the Company of $184,000,000. The closing of the full exercise of the over-allotment option occurred today, May 27, 2026.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The units began trading on the Nasdaq Stock Market ("Nasdaq") under the ticker symbol "OHACU" on May 21, 2026. Each unit consists of one Class A ordinary share and one right to receive one-fourth of one Class A ordinary share upon the consummation of an initial business combination. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on Nasdaq under the symbols "OHAC" and "OHACR", respectively.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The Company, which is led by Chief Executive Officer Ernest Miller, is a blank check company incorporated as a Cayman Islands exempted company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses. Mr. Miller has over 25 years of experience in the commodity‑driven energy sector, with a background in financial management, strategic planning and the positioning of complex, capital‑intensive companies. While the Company may pursue an initial business combination in any industry or sector, it intends to focus on high‑potential businesses globally, leveraging the experience and network of the Oceanhawk platform.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Benchmark, a StoneX Company, acted as the sole book-running manager for the offering.

</p><p xmlns="http://www.w3.org/1999/xhtml">
A registration statement on Form S-1 relating to these securities has been filed with the Securities and Exchange Commission ("SEC") and became effective on May 20, 2026. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Oceanhawk Acquisition Corp.</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Oceanhawk Acquisition Corp. is a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses. Oceanhawk Acquisition Corp. is sponsored by Oceanhawk Acquisition I Sponsor LLC, an affiliate of Oceanhawk, a private investment firm, and intends to leverage Oceanhawk's experience, network and operating platform in identifying and evaluating potential business combination opportunities.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
This press release includes forward-looking statements. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including the Company's search for an initial business combination, are subject to risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the "Risk Factors" section of the Company's registration statement and final prospectus for the offering filed with the SEC, any of which could cause actual results to differ from such forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260527724365r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260527724365/en/" rel="nofollow">https://www.businesswire.com/news/home/20260527724365/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Ernest B. Miller
<br xmlns="http://www.w3.org/1999/xhtml"></br>Chief Executive Officer
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:info@ohac1.com" shape="rect">info@ohac1.com</a>

</p>

Oceanhawk Acquisition Corp. boosted its cash runway by $184 million after fully exercising the over-allotment, bringing total units to 18.4 million. The units began trading on Nasdaq May 21, with separate OHAC and OHACR listings anticipated following a business combination. Led by Ernest Miller, the SPAC intends to pursue high-potential, globally-focused opportunities, particularly in energy-related sectors.

Oceanhawk Acquisition Corp. Announces Closing of the Full Exercise of the Over-Allotment Option

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News