OceanLight Acquisition Corporation prices $100 million IPO
Corporate Action
OceanLight Acquisition Corporation, a blank check company, has priced its initial public offering of 10 million units at $10.00 per unit, targeting total proceeds of $100 million. Each unit consists of one ordinary share, one right to receive one-fourth of an ordinary share upon a business combination, and one redeemable warrant exercisable at $11.50 per share. The units are expected to begin trading on Nasdaq under the ticker OCLTU today, with the offering closing on August 10, 2026. The underwriters have a 45-day option to purchase up to an additional 1.5 million units to cover over-allotments.
