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.
Company profile
Ticker
BOCN, BOCNU
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
BOCN stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
21 Mar 24
10-Q
2023 Q3
Quarterly report
9 Nov 23
8-K
Amendments to Articles of Incorporation or Bylaws
1 Sep 23
DEFA14A
Additional proxy soliciting materials
25 Aug 23
8-K
Regulation FD Disclosure
25 Aug 23
10-Q
2023 Q2
Quarterly report
11 Aug 23
8-K
Entry into a Material Definitive Agreement
4 Aug 23
DEF 14A
Definitive proxy
1 Aug 23
PRE 14A
Preliminary proxy
20 Jul 23
8-K
Entry into a Material Definitive Agreement
19 Jul 23
Latest ownership filings
SC 13G/A
Blue Ocean Sponsor LLC
14 Feb 24
SC 13G
CALAMOS INVESTMENT TRUST/IL
14 Feb 24
SC 13G/A
Apollo Management Holdings GP, LLC
13 Feb 24
SC 13G/A
HIGHBRIDGE CAPITAL MANAGEMENT LLC
19 Jan 24
SC 13G/A
First Trust Capital Management L.P.
10 Oct 23
SC 13G
Saba Capital Management, L.P.
14 Sep 23
SC 13G
First Trust Capital Management L.P.
11 Sep 23
3
Matt Lasov
21 Jul 23
4
Richard Leggett Jr
23 Jun 23
3
Richard Leggett Jr
23 Jun 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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Revenue | |||
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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) | 102.45 k | 102.45 k | 102.45 k | 102.45 k | 102.45 k | 102.45 k |
Cash burn (monthly) | 107.64 k | 52.33 k | 310.86 k | 318.59 k | 240.97 k | 114.83 k |
Cash used (since last report) | 642.31 k | 312.25 k | 1.85 mm | 1.90 mm | 1.44 mm | 685.18 k |
Cash remaining | -539.86 k | -209.80 k | -1.75 mm | -1.80 mm | -1.34 mm | -582.73 k |
Runway (months of cash) | -5.0 | -4.0 | -5.6 | -5.6 | -5.5 | -5.1 |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 34 |
Opened positions | 1 |
Closed positions | 21 |
Increased positions | 0 |
Reduced positions | 20 |
13F shares | Current |
---|---|
Total value | 1.88 bn |
Total shares | 13.13 mm |
Total puts | 0.00 |
Total calls | 344.26 k |
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 |
Shaolin Capital Management | 1.14 mm | $64.00 k |
Apollo Management | 947.80 k | $53.17 mm |
Periscope Capital | 940.67 k | $47.96 mm |
Calamos Advisors | 625.00 k | $31.00 mm |
Polar Asset Management Partners | 325.00 k | $16.19 mm |
Cubist Systematic Strategies | 305.38 k | $17.13 mm |
Castle Creek Arbitrage | 304.28 k | $15.15 mm |
CNH Partners | 262.80 k | $13.04 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
2 Jun 23 | Blue Ocean Sponsor | Class B Ordinary Shares Class A Ordinary Shares | Other | Acquire J | No | No | 0.0058 | 25,000 | 145.00 | 4,353,750 |
2 Jun 23 | Marcus Brauchli | Class B Ordinary Shares Class A Ordinary Shares | Other | Acquire J | Yes | No | 0.0058 | 25,000 | 145.00 | 4,353,750 |
2 Jun 23 | Richard Leggett Jr | Class B Ordinary Shares Class A Ordinary Shares | Other | Acquire J | Yes | No | 0.0058 | 25,000 | 145.00 | 4,353,750 |