Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities.
(a) Market Information
Our Units, Public Shares and Public Warrants are each traded on the
Global Market tier of Nasdaq under the symbols “ONCHU,” “ONCH” and “ONCHW,” respectively. Our Units
commenced public trading on July 2, 2025, and our Public Shares and Public Warrants commenced separate public trading on September 12,
2025.
(b) Holders
On March 19, 2026, there was one holder of record of our Units, one
holder of record of our Class A Ordinary Shares, one holder of record of our Class B Ordinary Shares, and four holders of record of our
Warrants.
(c) Dividends
We have not paid any cash dividends on our Ordinary Shares to date
and do not intend to pay cash dividends prior to the completion of our initial Business Combination. The payment of cash dividends in
the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition subsequent to
completion of our initial Business Combination. The payment of any cash dividends subsequent to our initial Business Combination will
be within the discretion of our Board of Directors at such time. In addition, our Board of Directors is not currently contemplating and
does not anticipate declaring any share dividends in the foreseeable future. Further, if we incur any indebtedness in connection with
our initial Business Combination, our ability to declare dividends may be limited by restrictive covenants we may agree to in connection
therewith.
(d) Securities Authorized for Issuance Under Equity Compensation Plans
None.
(e) Performance Graph
As a smaller reporting company, we are not required to provide the
information required by Regulation S-K Item 201(e).
(f) Recent Sales of Unregistered Securities
Simultaneously with the closing of the Initial Public Offering and
pursuant to the Private Placement Warrants Purchase Agreements, we completed the sale of an aggregate of 2,250,000 Private Placement Warrants
to the Sponsor and Cantor in the Private Placement at a purchase price of $2.00 per Private Placement Warrant, generating gross proceeds
to us of $4,500,000. Of those 2,250,000 Private Placement Warrants, the Sponsor purchased 1,500,000 Private Placement Warrants and Cantor
purchased 750,000 Private Placement Warrants. The Private Placement Warrants are identical to the Public Warrants sold in the Initial
Public Offering, except as otherwise disclosed in the IPO Registration Statement. No underwriting discounts or commissions were paid with
respect to such sale. The issuance of the Private Placement Warrants was made pursuant to the exemption from registration contained in
Section 4(a)(2) of the Securities Act.
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(g) Use of Proceeds from the Initial Public Offering
For a description of the use of proceeds generated in our Initial Public
Offering and Private Placement, see Part II, Item 2 of our Quarterly Report on Form 10-Q for the quarterly period ended September 30,
2025, as filed with the SEC on November 13, 2025. There has been no material change in the planned use of proceeds from our Initial Public
Offering and Private Placement as described in the IPO Registration Statement. The specific investments in our Trust Account may change
from time to time.
(h) Purchases of Equity Securities by the Issuer and Affiliated Purchasers
There were no such repurchases
of our equity securities by us or an affiliate during the fourth quarter of the fiscal year covered by the Report.
Item 6. [Reserved]