Blue Ocean Acquisition Corp is a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, which we refer to throughout this report as our initial business combination. We have neither engaged in any operations nor generated any revenue to date. Based on our business activities, we are a “shell company” as defined under the Exchange Act of 1934 (the “Exchange Act”) because we have no operations and nominal assets consisting almost entirely of cash.
![Blue Ocean Acquisition Corp - Ordinary Shares logo](/files/LOGO/1856961-BOCN.png)
Company profile
Ticker
BOCN, BOCNU
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
BOCN stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
19 Jul 24
8-K
Unregistered Sales of Equity Securities
25 Jun 24
8-K
Entry into a Material Definitive Agreement
3 Jun 24
8-K
Entry into a Material Definitive Agreement
31 May 24
8-K
Regulation FD Disclosure
28 May 24
DEF 14A
Definitive proxy
14 May 24
10-Q
2024 Q1
Quarterly report
13 May 24
PRE 14A
Preliminary proxy
26 Apr 24
8-K
Asia’s Next - Generation Media Company Management Presentation April 2024 DRAFT – CONFIDENTIAL
17 Apr 24
8-K
Entry into a Material Definitive Agreement
11 Apr 24
Latest ownership filings
4
Norman Pearlstine
25 Jun 24
4
Joel Motley
25 Jun 24
4
Richard Leggett Jr
25 Jun 24
4
Priscilla Han
25 Jun 24
4
Matt Goldberg
25 Jun 24
4
Marcus Brauchli
25 Jun 24
4
Change in insider ownership
25 Jun 24
3
Initial statement of insider ownership
17 Jun 24
SC 13G
GLAZER CAPITAL, LLC
10 Jun 24
SC 13G/A
Blue Ocean Sponsor LLC
14 Feb 24
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | |
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Operating income | ||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 38.61 k | 38.61 k | 38.61 k | 38.61 k | 38.61 k | 38.61 k |
Cash burn (monthly) | 7.79 k | 27.04 k | 328.43 k | 400.23 k | 91.11 k | 130.37 k |
Cash used (since last report) | 30.12 k | 104.57 k | 1.27 mm | 1.55 mm | 352.30 k | 504.11 k |
Cash remaining | 8.49 k | -65.96 k | -1.23 mm | -1.51 mm | -313.69 k | -465.50 k |
Runway (months of cash) | 1.1 | -2.4 | -3.7 | -3.8 | -3.4 | -3.6 |
Institutional ownership, Q1 2024
13F holders | Current |
---|---|
Total holders | 6 |
Opened positions | 4 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 836.49 mm |
Total shares | 7.35 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Blue Ocean Sponsor | 4.33 mm | $0.00 |
Apollo Management Holdings GP | 2.07 mm | $0.00 |
Calamos Advisors | 625.00 k | $11.03 mm |
Context Capital Management | 198.75 k | $3.82 mm |
BCK Capital Management | 74.27 k | $820.66 mm |
Cowen And | 51.10 k | $981.00 k |
Proequities | 0.00 | $0.00 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
21 Jun 24 | Marcus Brauchli | Class A Ordinary Shares | Conversion | Acquire C | Yes | No | 0 | 4,353,749 | 0.00 | 4,353,749 |
21 Jun 24 | Marcus Brauchli | Class B Ordinary Shares Class A Ordinary Shares | Conversion | Dispose C | Yes | No | 0 | 4,353,749 | 0.00 | 1 |
21 Jun 24 | Blue Ocean Sponsor | Class A Ordinary Shares | Conversion | Acquire C | No | No | 0 | 4,353,749 | 0.00 | 4,353,749 |
21 Jun 24 | Blue Ocean Sponsor | Class B Ordinary Shares Class A Ordinary Shares | Conversion | Dispose C | No | No | 0 | 4,353,749 | 0.00 | 1 |
21 Jun 24 | Matt Goldberg | Class A Ordinary Shares | Conversion | Acquire C | No | No | 0 | 30,000 | 0.00 | 30,000 |
21 Jun 24 | Matt Goldberg | Class B Ordinary Shares Class A Ordinary Shares | Conversion | Dispose C | No | No | 0 | 30,000 | 0.00 | 0 |
21 Jun 24 | Priscilla Han | Class A Ordinary Shares | Conversion | Acquire C | No | No | 0 | 30,000 | 0.00 | 30,000 |
21 Jun 24 | Priscilla Han | Class B Ordinary Shares Class A Ordinary Shares | Conversion | Dispose C | No | No | 0 | 30,000 | 0.00 | 0 |
21 Jun 24 | Joel Motley | Class A Ordinary Shares | Conversion | Acquire C | No | No | 0 | 30,000 | 0.00 | 30,000 |
21 Jun 24 | Joel Motley | Class B Ordinary Shares Class A Ordinary Shares | Conversion | Dispose C | No | No | 0 | 30,000 | 0.00 | 0 |