Ocean Capital Acquisition Corporation filed a Form 8-K on September 21, 2026, disclosing that on September 17, 2026, all issued and outstanding equity interests in its sponsor, SB Capital Holding Corporation, were transferred to Chi-Ping Cindy Lee.

Key Highlights

  • Aggregate transfer: 3,833,333 ordinary shares of SB Capital Holding Corporation (the Sponsor) changed hands in total across separate share transfer instruments.
  • Primary transferor: Poseidon Ocean Corporation transferred 3,813,333 ordinary shares of the Sponsor to Chi-Ping Cindy Lee.
  • Additional transferors: Each of Hin Wing Wong, Hiu Man Cheng, Pok Yu Augustine Chow, and Man Kai Anthony Ho transferred 5,000 ordinary shares of the Sponsor to the same transferee.
  • Full ownership: Following the transfers, Chi-Ping Cindy Lee owns 100% of the issued and outstanding equity interests in the Sponsor, according to the filing.
  • Company securities unchanged: The Sponsor continues to hold the same number of securities of Ocean Capital Acquisition Corporation as it held immediately before the transfers.
  • Sponsor obligations unchanged: The filing states the Sponsor's "existing rights and obligations under the agreements entered into in connection with the Company's initial public offering remain unchanged."

Sponsor Equity Transferred in Full to Single Individual at Ocean Capital Acquisition

Ocean Capital Acquisition Corporation, an emerging growth company incorporated in the British Virgin Islands and listed on the New York Stock Exchange under ticker NYSE:OCAC, disclosed the transfer of all equity in its sponsor entity on September 17, 2026. According to the filing, the transfers were carried out pursuant to separate share transfer instruments on that date.

Poseidon Ocean Corporation, which held the largest stake, transferred 3,813,333 ordinary shares of SB Capital Holding Corporation to Chi-Ping Cindy Lee. Separately, four individuals, identified in the filing as Hin Wing Wong, Hiu Man Cheng, Pok Yu Augustine Chow, and Man Kai Anthony Ho, each transferred 5,000 ordinary shares of the Sponsor to the same recipient, bringing the combined total to 3,833,333 ordinary shares, which the filing describes as representing all of the issued and outstanding equity interests in the Sponsor.

The filing emphasizes that the Sponsor continues to serve in its role and that no change occurred in the number or type of Company securities held by the Sponsor. The Company's ordinary shares, rights, warrants, and units all remain listed on the New York Stock Exchange under their respective symbols OCAC, OCACR, OCACW, and OCACU. The 8-K was signed by Chief Executive Officer Kin (Stephen) Sze on September 21, 2026.

What Was Disclosed

The filing reported a completed transfer of 3,833,333 sponsor equity shares to Chi-Ping Cindy Lee, resulting in 100% ownership of SB Capital Holding Corporation by the transferee, with no change to the Sponsor's holdings in or obligations to Ocean Capital Acquisition Corporation.