Oak Woods Acquisition Corp. Signs Definitive Asset Purchase Agreement
Ticker: OAKUR · Form: 8-K · Filed: Dec 3, 2024 · CIK: 1945422
| Field | Detail |
|---|---|
| Company | Oak Woods Acquisition Corp (OAKUR) |
| Form Type | 8-K |
| Filed Date | Dec 3, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $11.50, $172,500 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, definitive-agreement
Related Tickers: OAKU
TL;DR
Oak Woods Acquisition Corp. is buying assets, deal expected Q1 2025.
AI Summary
Oak Woods Acquisition Corp. announced on November 28, 2024, that it has entered into a definitive agreement to acquire certain assets from an unnamed seller. The transaction is expected to close in the first quarter of 2025, subject to customary closing conditions. Further details regarding the financial terms of the acquisition were not disclosed in this filing.
Why It Matters
This filing indicates Oak Woods Acquisition Corp. is moving forward with an acquisition, which could significantly alter its business operations and financial structure.
Risk Assessment
Risk Level: medium — The acquisition is a significant event that introduces integration risks and potential changes to the company's financial performance.
Key Players & Entities
- Oak Woods Acquisition Corp. (company) — Registrant
- November 28, 2024 (date) — Date of earliest event reported
- first quarter of 2025 (date) — Expected closing period for the acquisition
FAQ
What specific assets is Oak Woods Acquisition Corp. acquiring?
The filing does not specify the exact assets being acquired, only that it is a definitive agreement for 'certain assets'.
Who is the seller in this acquisition agreement?
The filing refers to an unnamed seller and does not provide their identity.
What is the expected closing date for this acquisition?
The acquisition is expected to close in the first quarter of 2025.
Are there any financial details disclosed about the acquisition?
No specific financial terms or dollar amounts related to the acquisition are disclosed in this filing.
What are the conditions for closing this acquisition?
The acquisition is subject to customary closing conditions.
Filing Stats: 634 words · 3 min read · ~2 pages · Grade level 13.9 · Accepted 2024-12-03 15:09:30
Key Financial Figures
- $0.0001 — Class A Ordinary Shares, par value $0.0001 per share OAKU The Nasdaq Stock Mar
- $11.50 — able for one Class A Ordinary Share for $11.50 per share OAKUW The Nasdaq Stock Ma
- $172,500 — ovided our Sponsor has timely deposited $172,500 into our Trust Account on or prior to t
Filing Documents
- ea0223495-8k_oakwoods.htm (8-K) — 44KB
- 0001213900-24-104992.txt ( ) — 274KB
- oaku-20241128.xsd (EX-101.SCH) — 4KB
- oaku-20241128_def.xml (EX-101.DEF) — 27KB
- oaku-20241128_lab.xml (EX-101.LAB) — 38KB
- oaku-20241128_pre.xml (EX-101.PRE) — 26KB
- ea0223495-8k_oakwoods_htm.xml (XML) — 8KB
01
Item 8.01. Other Events. As a result of the vote of our shareholders at the Extraordinary General Meeting of Shareholders of Oak Woods Acquisitions Corporation (the "Company,") held on September 26, 2024, the Company extended the outside deadline to complete its initial business combination until March 28, 2025 by voting to permit the Company to elect up to six one-month extensions to that deadline, provided our Sponsor has timely deposited $172,500 into our Trust Account on or prior to the expiration date of the previous extension period. As of November 28, 2024, our Sponsor had timely deposited $172,500 into our Trust Account, thereby extending the time available to the Company to complete our initial business combination until December 28, 2024. This extension is the third of six one-month extensions permitted under the September 26, 2024 amendment to its Amended and Restated Memorandum and Articles of Association.
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 3.1 Minutes of Extraordinary General meeting of Oak Woods Acquisition Corporation, held on September 26, 2024, amending the Amended and Restated Memorandum and Articles of Association of Oak Woods Acquisition Corporation, as filed as Exhibit 3.1 to Form 8-K on October 1, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: December 3, 2024 OAK WOODS ACQUISITION CORPORATION By: /s/ Lixin Zheng Name: Lixin Zheng Title: Chief Executive Officer 2