Ogier advises on Ocean Capital Acquisition Corporation and Vernal Capital Acquisition Corp IPOs

Ogier's Corporate team in Hong Kong acted as British Virgin Islands counsel to Ocean Capital Acquisition Corporation and as Cayman Islands counsel to Vernal Capital Acquisition Corp on their respective NYSE SPAC IPOs. 

Ocean Capital Acquisition Corporation 

Ocean Capital announced the closure of its IPO in May 2026, generating total gross proceeds in the region of US$115 million.

The IPO consisted of 11.5 million units, including 1.5 million units from the underwriters' full exercise of the over-allotment option, at an offering price of US$10 per unit.

Units commenced trading on the New York Stock Exchange under the symbol OCACU on 9 June 2026. 

Vernal Capital Acquisition Corp

Vernal Capital announced the closure of its IPO in May 2026, with expected gross proceeds of up to US$115 million. 

The IPO consisted of up to 11.5 million units, including 1.5 million units if the underwriters exercise the over-allotment option in full, at an offering price of US$10 per unit.

 Units commenced trading on the New York Stock Exchange under the symbol VECAU on 6 May 2026. 

Ogier’s BVI and Cayman law experts in Hong Kong

The Ogier team was led by partner Rachel Huang, with support from the firm's global head of Corporate, Nathan Powell, and legal managers Em Lou and Chloe Yip.

Ogier's Equity Capital Markets specialists in Hong Kong provide BVI and Cayman legal services on the full SPAC lifecycle, including the establishment and listing of SPACs, as well as the subsequent de-SPAC process. Contact one of our team to find out more.