Oceanaut, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the common stock is $.0001 per share.

Oceanaut Inc. announced that its shareholders have approved the dissolution and liquidation of the Company. As set forth in the Company's Amended and Restated Articles of Incorporation, the officers of the Company will proceed to take action to dissolve the Company and distribute the funds in the Company's trust account to those shareholders holding shares of the Company's common stock sold in the Company's initial public offering and to Excel Maritime Carriers Ltd. with respect to the shares of common stock included in 625,000 of the 1,125,000 of its insider units. The distributions are expected to be made on or about April 14, 2009. As a result the Company expects to liquidate the amounts held in its trust account, which consist of the proceeds from the Company's initial public offering and accrued interest (net of applicable taxes). Payable upon presentation, liquidating distributions of approximately $8.26 per share of common stock will be made to holders of shares of common stock issued in the Company's initial public offering and to Excel Maritime Carriers Ltd. with respect to the shares of common stock included in 625,000 of the 1,125,000 of its insider units.

Oceanaut Inc., Special/Extraordinary Shareholders Meeting, Apr 06, 2009 Agenda: To vote on a plan of liquidation and dissolution of the company .