OceanLight Acquisition Corporation closed the underwriters' full over-allotment of 1,500,000 Option Units at $10.00 per unit on August 24, 2026, adding $15,000,000 gross proceeds.
Simultaneous private placement of 7,500 additional units to OceanLight Capital Sponsor Ltd. at $10.00 per unit generated $75,000.
Total cash and investments held in the trust account reached $115,126,630 after $126,630 of interest income, equivalent to $10.01 per unit on 11,500,000 units.
$115,000,000 of net proceeds from the IPO, over-allotment, and private placements were placed in the trust account with Continental Stock Transfer & Trust Company.
Warrants remain exercisable at $11.50 per ordinary share. Tickers listed: OCLTU (units), OCLT (ordinary shares), OCLTR (rights), OCLTW (warrants) on Nasdaq.
Pulse Impact
- Previous Pulse: 52
- New Pulse: 52
- Change: Unchanged
- Driver: 8-K did not change the live Pulse reading.
OceanLight Acquisition Corporation Form 8-K (2026-08-27)
Not investment advice. Facts taken from the company’s Form 8-K.