Quarterly ResultOct 2, 2026, 04:11 PM
OceanLight Acquisition Corp Reports Q2 Net Income of $153,260
AI Summary
OceanLight Acquisition Corp filed its 10-Q for the period ending August 31, 2026. The company reported a net income of $153,260, with basic and diluted earnings per share of $0.02 for both redeemable and non-redeemable ordinary shares. Total assets saw a substantial increase to $116,061,510, primarily due to investments held in the Trust Account. The company also detailed its financial condition, including changes in liabilities and cash position, following its IPO and private placement activities.
Key Highlights
- OceanLight Acquisition Corp reported net income of $153,260 for the three months ended August 31, 2026.
- Basic and diluted net income per share for redeemable and non-redeemable ordinary shares was $0.02.
- Total assets increased significantly to $116,061,510 as of August 31, 2026, from $25,000 as of May 31, 2026.
- Investments held in Trust Account amounted to $115,216,257 as of August 31, 2026.
- Total current liabilities were $83,878 as of August 31, 2026, compared to $29,141 as of May 31, 2026.
- Cash increased to $522,130 as of August 31, 2026, from $0 as of May 31, 2026.
Price Impact
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