Form 4: Mizuho Securities USA Reduces Stake in Oak Woods Acquisition Corp

Mizuho Securities USA LLC, a 10% owner of Oak Woods Acquisition Corp (OAKU), reported the sale of 61,100 shares of common stock at $11.91 per share, reducing its beneficial ownership to 352,816 shares.

Summary

• Mizuho Securities USA LLC, identified as a 10% owner of Oak Woods Acquisition Corp (OAKU), filed a Form 4.
• The filing reports a transaction on July 17, 2025, where Mizuho Securities USA LLC disposed of 61,100 shares of Oak Woods Acquisition Corp common stock.
• The shares were sold at a price of $11.91 per share.
• Following this transaction, Mizuho Securities USA LLC beneficially owns 352,816 shares of Oak Woods Acquisition Corp common stock.
• The transaction was conducted pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged sale.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While an insider sale can sometimes be viewed negatively, the explicit mention of a Rule 10b5-1(c) plan indicates a pre-arranged, systematic transaction rather than a reactive decision based on new information, thus mitigating negative sentiment.

Negatives

• A 10% owner, Mizuho Securities USA LLC, reduced its stake in Oak Woods Acquisition Corp by selling 61,100 shares.

Risks

• The sale of shares by a significant owner could be perceived by some investors as a signal of reduced confidence, although the transaction was pre-planned under a Rule 10b5-1(c) plan.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing, as it is a report of a past transaction.

Industry Context

This Form 4 filing reports an insider transaction for a Special Purpose Acquisition Company (SPAC), Oak Woods Acquisition Corp. Such transactions are common for institutional investors and sponsors in SPACs as they approach or complete business combinations, or manage their portfolio allocations. The sale under a 10b5-1 plan indicates a pre-scheduled liquidity event rather than a reactive decision.

Related Party Transactions

• Mizuho Securities USA LLC, a 10% owner of Oak Woods Acquisition Corp, engaged in a sale of common stock, which constitutes a related party transaction.

Stakeholder Impact

• Shareholders: The transaction changes the ownership structure, with a 10% owner reducing its stake. This could be interpreted differently by various investors, but the 10b5-1 plan suggests a planned portfolio adjustment.

Key Dates

Keywords

Oak Woods Acquisition Corp, OAKU, Mizuho Securities USA LLC, SEC Form 4, Insider Trading, Beneficial Ownership, Stock Sale, 10b5-1 Plan, Equity Securities