Recent Updates — OHACU

On September 30, 2026, Oceanhawk Acquisition Corp. issued an unsecured promissory note with a principal amount of $1,550,000 to its sponsor, Oceanhawk Acquisition I Sponsor, LLC. The note bears no interest and is repayable in full upon the consummation of the company's initial business combination. If the business combination does not occur, repayment will be made from funds available outside the trust account established during the IPO. This transaction represents a direct financial obligation incurred to support the SPAC's search for a target.

Oceanhawk Acquisition Corp. appointed Jimmy D. Ford as a Class III independent director, effective August 17, 2026, increasing the board size from six to seven members. Mr. Ford brings over 45 years of experience in the oil and gas industry and serves on the audit, compensation, and nominating committees. Consequently, Daniel Collingridge-Padbury was removed from the audit committee and Michael Maggard from the compensation committee. The sponsor transferred 50,000 founder shares to Mr. Ford at original purchase price. Additionally, the board established a Nominating and Corporate Governance Committee, chaired by Joseph Durnford with Jonathan Nickell and Jimmy D. Ford as members. This governance update supports Oceanhawk Acquisition Corp., a blank check company focused on identifying and merging with private operating companies.