Oceanhawk Acquisition Corp. filed its quarterly report on Form 10-Q for the period ended September 30, 2026, with the SEC on November 13, 2026, disclosing its first full quarter of post-IPO financial results as a blank-check company.

Key Highlights

  • Trust Account: Cash and investments held in Trust Account totaled $187,231,955 as of September 30, 2026, with 18,400,000 Class A ordinary shares subject to possible redemption at $10.18 per share.
  • Net Income: The company reported net income of $698,611 for the three months ended September 30, 2026, and net income of $318,844 for the nine months ended September 30, 2026.
  • Trust Interest: Interest and dividends earned on cash and investments held in the Trust Account were $1,674,819 for the three months ended September 30, 2026, and $2,311,955 for the nine months ended September 30, 2026.
  • Shareholders' Deficit: Total shareholders' deficit was $(7,562,524) as of September 30, 2026, compared to $(23,692) as of December 31, 2025, reflecting accumulated deficit of $(7,563,190).
  • Shares Outstanding: As of November 13, 2026, there were 18,930,000 Class A ordinary shares and 6,133,333 Class B ordinary shares issued and outstanding.
  • Working Capital Loan: A Working Capital Loan of $1,350,000 was outstanding as of September 30, 2026, with no such balance as of December 31, 2025.
  • Deferred Underwriting Commissions: Non-current liabilities included deferred underwriting commissions of $6,440,000 as of September 30, 2026.

Oceanhawk Acquisition Corp. Post-IPO Financial Position for Q3 2026

Oceanhawk Acquisition Corp. (NASDAQ:OHAC), a Cayman Islands blank-check company incorporated on September 12, 2025, filed its Form 10-Q for the quarterly period ended September 30, 2026. According to the filing, total assets as of September 30, 2026 were $188,626,702, the overwhelming majority of which consisted of $187,231,955 held in a Trust Account, up from total assets of $372,420 as of December 31, 2025. The company is classified as a smaller reporting company, non-accelerated filer, and emerging growth company, and is identified as a shell company under Rule 12b-2 of the Exchange Act.

The filing disclosed that 18,400,000 Class A ordinary shares were subject to possible redemption at a redemption value of $10.18 per share as of September 30, 2026. An additional 530,000 Class A ordinary shares were issued and outstanding but not subject to possible redemption, related to the sale of private placement units that raised $5,300,000, as reported in the statement of changes in shareholders' deficit. The company also recorded a stock dividend on May 21, 2026, which was retroactively applied to Class B ordinary share figures throughout the financial statements.

General and administrative expenses for the nine months ended September 30, 2026 were $1,994,597, resulting in a loss from operations of $(1,994,597) for that period. This was offset by interest and dividends earned on Trust Account holdings of $2,311,955 and bank interest income of $1,486, producing net income of $318,844 for the nine-month period. Current liabilities as of September 30, 2026 totaled $2,517,271, including $1,010,297 in accounts payable and accrued expenses, $1,350,000 in Working Capital Loan, $100,000 in accrued offering costs, and $56,974 in advances from a related party.

What Was Disclosed

Oceanhawk Acquisition Corp. reported its unaudited financial statements for the quarter and nine months ended September 30, 2026, showing a Trust Account balance of $187,231,955, net income of $318,844 for the nine-month period, and a total shareholders' deficit of $(7,562,524).