Ocean Capital Acquisition Corp Changes Independent Auditor; HYYH Appointed

What Happened

• Ocean Capital Acquisition Corp (OCAC) filed an 8‑K reporting that, with audit committee and board approval, it dismissed YCM CPA INC. as its independent registered public accounting firm effective August 26, 2026, and on August 27, 2026 appointed HYYH CPA, LLC as its new independent registered public accounting firm for the fiscal year ended June 30, 2026.
• YCM’s audit reports for the fiscal years ended June 30, 2025 and 2024 contained no adverse opinions or disclaimers and were not qualified or modified as to scope or accounting principles, but did include an explanatory paragraph about substantial doubt regarding the Company’s ability to continue as a going concern.
• The company requested and filed a letter from YCM (dated August 31, 2026) stating YCM’s agreement with the company’s statements about the dismissal; the company also disclosed there were no disagreements or reportable events with YCM through the filing date.

Key Details

• Dismissal date: August 26, 2026; Appointment date: August 27, 2026.
• YCM’s audit reports for FY 2025 and FY 2024 included a going concern explanatory paragraph but contained no adverse or qualified opinions.
• The company reported no disagreements or reportable events with YCM for FY 2025, FY 2024, or through the 8‑K filing date.
• OCAC did not consult with HYYH on accounting or auditing matters for FY 2025, FY 2024, or the interim period prior to the appointment.

Why It Matters

• A change in independent auditor is material because it can affect investor confidence in the company’s financial reporting process and audit continuity.
• The prior auditor’s going concern paragraph signals past financial uncertainty; however, YCM did not issue adverse opinions and the company reports no unresolved disagreements or reportable events related to those audits.
• Investors should note the new auditor (HYYH) is in place for the fiscal year ended June 30, 2026; future financial statements and the auditor’s report will show whether the new auditor raises any issues or qualifications.