Oceanhawk Acquisition Q2 FY26 net loss widens to $350,952
OHAC•IPO and deal timeline
- The SPAC raised $160 million in its May IPO and added $24 million via full over-allotment exercise.
- It is targeting a deal within 15-18 months.
Quarterly and six-month results
- Oceanhawk Acquisition posted a net loss of $350,952 for the quarter ended June 30, 2026.
- Operating loss totaled $988,274, offset by $637,322 of investment income from the trust account and operating cash.
- For the six months ended June 30, net loss was $379,767 on an operating loss of $1.02 million.
- Cash in the operating account was $223,887 at June 30, with a working capital deficit of $210,981.
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