Corporate ActionAug 7, 2026, 09:18 AM
OceanLight Acquisition Corp Prices $100M IPO
AI Summary
OceanLight Acquisition Corporation announced the pricing of its initial public offering (IPO) of 10,000,000 units at $10.00 per unit. Each unit comprises one ordinary share, one-fourth of one right, and one redeemable warrant. The units are expected to begin trading on The Nasdaq Global Market under the symbol "OCLTU" today, August 7, 2026, with the IPO anticipated to close on August 10, 2026. The company has also granted underwriters an option to purchase up to 1,500,000 additional units.
Key Highlights
- Priced initial public offering (IPO) of 10,000,000 units at $10.00 per unit.
- Each unit consists of one ordinary share, one-fourth of one right, and one redeemable warrant.
- Units expected to trade on Nasdaq under ticker "OCLTU" starting August 7, 2026.
- IPO expected to close on August 10, 2026, subject to customary conditions.
- Granted underwriters a 45-day option to purchase up to 1,500,000 additional units.
- Ordinary shares, rights, and warrants expected to trade as "OCLT", "OCLTR", and "OCLTW" respectively.
Price Impact
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