Oceanhawk Acquisition issues $1.55 million unsecured promissory note to sponsor

OHAC•2026-10-06

Oceanhawk Acquisition issued its sponsor a $1.55 million unsecured, non-interest-bearing note on Sept. 30, 2026, repayable in full upon completion of its initial business combination.

1. Note repayment terms

The note is repayable in full upon completion of Oceanhawk Acquisition’s initial business combination. If the company does not complete a deal, it must repay the note using funds outside the IPO trust account; customary events of default trigger immediate acceleration of all amounts due.