OCA Acquisition Corp. announced a private placement to issue non convertible promissory note for the gross proceeds of $90,000 on October 17, 2023. The transaction included participation from returning investor OCA Acquisition Holdings LLC.

The transaction has been approved by the shareholders of the company. This deposit enables the Company to extend the date by which it must complete its initial business combination from October 20, 2023 to November 20, 2023 (the ? Extension ?).

The Extension is the seventh of nine one-month extensions permitted under the Company?s amended and restated certificate of incorporation and provides the Company with additional time to complete its initial business combination. The Note does not bear interest and matures upon closing of the Company?s initial business combination.