OCA Acquisition Corp.
OCA Acquisition Corp. is a NASDAQ-listed SPAC sponsored by Olympus Capital Asia that raised $149.5 million in its January 2021 IPO to acquire a US-based company for Asia expansion, and announced a ~$2 billion merger with Powermers Smart Industries in December 2023.
- Company typePublic
- Founded2021
- HeadquartersNew York, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
OCA Acquisition Corp. firmographics
Firmographics- Name
- OCA Acquisition Corp.
- Legal name
- OCA Acquisition Corp.
- Website
- https://ocaacquisition.com
- Company type
- Public
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- OCA Acquisition Corp. is a NASDAQ-listed SPAC sponsored by Olympus Capital Asia that raised $149.5 million in its January 2021 IPO to acquire a US-based company for Asia expansion, and announced a ~$2 billion merger with Powermers Smart Industries in December 2023.
- Ownership category
- akta.pro rank
OCA Acquisition Corp. industry classification
Industry- Product category
- Special Purpose Acquisition Company (SPAC) Financial Services
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Finance Services (6199)
- akta.pro primary industry
- Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)
- akta.pro secondary industries
- Corporate M&A / Venture Build-to-Buy Programs (Acqui-hire, option-to-acquire) (FSANAHAG), Corporate Development & Strategic Partnerships Advisory (JVs, Alliances, Carve-outs) (BPAHAOAG)
Keywords
Where OCA Acquisition Corp. is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
OCA Acquisition Corp. business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- SPAC Operations: OCA Acquisition Corp. is a Special Purpose Acquisition Company (SPAC) that raises capital through an initial public offering, then uses the proceeds to acquire a target private company, providing the target with public listing and capital. The company's revenue model is based on completing business combinations and generating returns for shareholders through successful acquisitions.
Go-to-market motion1 record
OCA Acquisition Corp. product offering
Product offeringCore offering
OCA Acquisition Corp. is a Special Purpose Acquisition Company (SPAC) that raised $149.5 million in its January 2021 IPO on NASDAQ (ticker: OCAX) to acquire a fast-growing US-based target company with enterprise value of $750 million to $1.0+ billion and accelerate its expansion into Asian markets. Sponsored by Olympus Capital Asia, the SPAC focuses on targets in technology-enabled business services (including healthcare and education), food tech, and financial services sectors.
Product overview
OCA Acquisition Corp. (NASDAQ: OCAX) is a $149.5 million Special Purpose Acquisition Company (SPAC). It is not a technology product company; rather, it is a financial services vehicle designed to acquire and take public a fast-growing U.S. company to accelerate its expansion into Asian markets. OCA's sponsor is Olympus Capital Asia, an Asia-focused private equity firm with a 20+ year investment track record. The company does not offer a technology product portfolio, modules, or SaaS platform — its sole offering is its SPAC financial instrument focused on acquiring targets in technology-enabled business services, food tech, and financial services sectors with enterprise values of $750 million to $1.0+ billion.
Differentiator
Problem solved
Functional benefit
Products and services
- OCA Acquisition Corp. SPAC Financial Vehicle
Companies that use OCA Acquisition Corp.
Customer profileSegments3 records
Ideal customer profiles1 record
OCA Acquisition Corp. technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
OCA Acquisition Corp. partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Powermers Smart Industries Inc.corePowermers Smart Industries Inc., a global green-powered solutions company, completed a merger with OCA Acquisition Corp. valued at approximately $2 billion in December 2023. The transaction was intended to accelerate smart materials commercialization and enable Powermers to become publicly listed.
Scale indicators9 records
Recent moves6 records
Expansion highlights3 records
OCA Acquisition Corp. competitors and assessment
Company assessmentDirect peers
- dMY Technology Group: Tech-focused SPAC that completed business combinations with multiple technology targets. Comparable to OCA as a sponsor-backed SPAC pursuing differentiated sector theses (tech/Asia-adjacent) with similar deal-size profiles.
- Spartan Acquisition Corp. SPAC sponsored by Spartan Energy, focused on energy transition and sustainability sectors. Comparable to OCA as a sponsor-led SPAC with sector-focused thesis targeting sizeable business combinations.
- Foley Trasimene Acquisition Corp. SPAC sponsored by Trasimene Capital Management. Comparable to OCA as a PE-sponsor-backed SPAC pursuing sizeable business combinations with operational support from its sponsor platform.
- Thoma Bravo Advantage: SPAC sponsored by Thoma Bravo targeting enterprise software companies. Comparable to OCA as a large PE-sponsor-backed SPAC leveraging sponsor platform capabilities for target identification and value creation.
- Altimar Acquisition Corp. SPAC sponsored by Altimar Capital Partners targeting business services and consumer companies. Comparable to OCA as a sponsor-led SPAC with sector-focused thesis and similar target EV ranges.
- Gores Holdings V: SPAC sponsored by Alec Gores targeting middle-market business combinations. Comparable to OCA as a sponsor-led SPAC with multi-sector focus and similar deal-size profile.
- Silver Spike Acquisition Corp. SPAC focused on the cannabis and wellness sectors. Comparable to OCA as a sponsor-backed SPAC pursuing a single business combination with sector-focused value proposition.
- Khosla Ventures Acquisition Co. III: SPAC sponsored by Khosla Ventures targeting technology and innovation companies. Comparable to OCA as a sponsor-backed SPAC with sector focus and platform-driven deal sourcing.
- Social Capital Hedosophia: SPAC platform sponsored by Chamath Palihapitiya and Ian Osborne, completed multiple tech-focused business combinations. Comparable to OCA as a high-profile sponsor-backed SPAC targeting technology-enabled businesses.
- CC Neuberger Principal Holdings II: SPAC sponsored by CC Capital Group targeting financial services and tech-enabled businesses. Comparable to OCA as a sponsor-led SPAC with sector overlap in financial services and similar deal-size profile.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
OCA Acquisition Corp. financial estimates
Financial estimateRevenue estimate
Valuation estimate
OCA Acquisition Corp. leadership team
Management profileNumber of profiles
Profiles9 records
OCA Acquisition Corp. funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
OCA Acquisition Corp. M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about OCA Acquisition Corp.
What does OCA Acquisition Corp. do?
OCA Acquisition Corp. is a Special Purpose Acquisition Company (SPAC) that raised $149.5 million in its January 2021 IPO on NASDAQ (ticker: OCAX) to acquire a fast-growing US-based target company with enterprise value of $750 million to $1.0+ billion and accelerate its expansion into Asian markets. Sponsored by Olympus Capital Asia, the SPAC focuses on targets in technology-enabled business services (including healthcare and education), food tech, and financial services sectors.
Is OCA Acquisition Corp. a public or private company?
OCA Acquisition Corp. is a public company. It is classified as public and is currently operating.
When was OCA Acquisition Corp. founded?
OCA Acquisition Corp. was founded in 2021. It employs 1 to 10 people.
Where is OCA Acquisition Corp. based?
OCA Acquisition Corp. is headquartered in New York, United States, in the North America region.
How does OCA Acquisition Corp. make money?
One revenue line is on record: SPAC Operations.
Who are OCA Acquisition Corp.'s main competitors?
Direct peers on record are dMY Technology Group, Spartan Acquisition Corp., Foley Trasimene Acquisition Corp., Thoma Bravo Advantage, Altimar Acquisition Corp., Gores Holdings V, Silver Spike Acquisition Corp., Khosla Ventures Acquisition Co. III, Social Capital Hedosophia and CC Neuberger Principal Holdings II.
Does OCA Acquisition Corp. have an API?
No public API is recorded for OCA Acquisition Corp..
What industry is OCA Acquisition Corp. in?
OCA Acquisition Corp.'s product category is Special Purpose Acquisition Company (SPAC) Financial Services. Its primary akta.pro industry code is BPAHAOAL, Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory), with a secondary code of FSANAHAG, Corporate M&A / Venture Build-to-Buy Programs (Acqui-hire, option-to-acquire). Its NAICS code is 5231 and its SIC code is 6211.