Blue Ocean Acquisition Corp Announces Pricing of Upsized $165 Million Initial Public Offering

Blue Ocean Acquisition Corp (the “Company”) today announced the pricing of its upsized initial public offering (“IPO”) of 16,500,000 units at a price of $10.00 per unit. The units will be listed on the Nasdaq Global Market (“Nasdaq”) and will trade under the ticker symbol “BOCNU” beginning December 3, 2021.

Each unit issued in the IPO consists of one Class A ordinary share of the Company and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of the Company at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “BOCN” and “BOCNW,” respectively. The offering is expected to close on December 7, 2021, subject to customary closing conditions.

Marketing Technology News:Rario Launches Marketplace Feature To Allow Users To Buy, Sell And Trade Cricket Nfts

Blue Ocean Acquisition raises $165 million in upsized IPO; targeting internet and digital media companies

The Company, led by Chairman Marcus Brauchli and CEO Paul Bascobert, is a newly organized blank-check company formed 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. While the Company may pursue an investment opportunity in any business or industry, it intends to focus its search for a target business or businesses in the digital media and consumer internet industries.

Needham & Company is acting as Sole Book-Running Manager for the offering. The Company has granted the underwriter a 45-day option to purchase up to an additional 2,475,000 units at the IPO price to cover over-allotments, if any.

Marketing Technology News: MarTech Interview with Jason McClelland, CMO at Algolia

A registration statement relating to the securities became effective on December 2, 2021 in accordance with Section 8(a) of the Securities Act of 1933, as amended. The offering is being made in the United States only by means of a prospectus. Copies of the prospectus relating to the offering, when available, may be obtained by contacting Needham & Company, LLC, Attention: Prospectus Department, 250 Park Avenue, 10th Floor, New York, NY 10177, by telephone at 800-903-3268 or by email at

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Marketing Technology News:MarTech Interview with Rachel Meranus, CMO at Transfix