OCA Acquisition Corp. announced a private placement of an unsecured promissory note in the principal amount of $1,080,000 on January 19, 2023. The transaction include participation from OCA Acquisition Holdings LLC.

The note does not bear interest and matures upon closing of OCA's initial business combination. In the event that OCA does not consummate a business combination, the note will be repaid only from funds held outside of the trust account or will be forfeited, eliminated or otherwise forgiven. within five (5) business days after the date of the extension meeting.