OceanLight Acquisition Corp

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.

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.

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.

OceanLight Acquisition Corp (OCLT) filed an S-1/A registration statement for its initial public offering, aiming to raise $100,000,000 by offering 10,000,000 units at $10.00 each. Each unit comprises one ordinary share, one-fourth of a right, and one redeemable warrant. The filing highlights significant dilution for public shareholders due to the Sponsor's founder shares acquired at a nominal price and notes potential conflicts of interest among management due to their involvement with other blank check companies.