Corporate ActionAug 12, 2026, 04:38 PM
OceanLight Acquisition Corp Closes $100M Initial Public Offering
AI Summary
OceanLight Acquisition Corp announced the closing of its initial public offering (IPO) of 10,000,000 units on August 10, 2026, generating gross proceeds of $100,000,000. Each unit was priced at $10.00 and consists of one ordinary share, one-fourth right, and one redeemable warrant with an exercise price of $11.50. Simultaneously, the company completed a private placement of 211,250 units to its Sponsor for $2,112,500. Additionally, Becky Fallon, Sean Michael Deegan, and Daniel M. McCabe were appointed to the company's Board of Directors.
Key Highlights
- Initial Public Offering (IPO) of 10,000,000 units closed on August 10, 2026.
- IPO generated gross proceeds of $100,000,000 at $10.00 per unit.
- Underwriters have a 45-day option to purchase up to 1,500,000 additional units.
- Private placement of 211,250 units to the Sponsor for $2,112,500.
- Each unit consists of one ordinary share, one-fourth right, and one redeemable warrant.
- Warrants entitle holders to purchase ordinary shares at an exercise price of $11.50 per share.
- Becky Fallon, Sean Michael Deegan, and Daniel M. McCabe appointed to the Board of Directors.
Price Impact
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