Mergers & Acquisitions ·
OceanLight agrees to acquire AIRE for $1 billion in stock valued at $10 per share
OCLTOceanLight Acquisition Corp
On September 28, 2026, OceanLight Acquisition Corp entered into a definitive Agreement and Plan of Merger to acquire AIRE Inc., a home textile and green sleep technology company. The transaction values AIRE at $1 billion based on an agreed net value, with shareholders receiving Purchaser ordinary shares valued at $10.00 per share. OceanLight will merge into its subsidiary, which will survive as the publicly traded entity, while AIRE becomes a wholly owned subsidiary. The deal requires approval from both companies' shareholders and regulatory clearance, including SEC effectiveness of a Form F-4 registration statement and Nasdaq listing approval. OceanLight Acquisition Corp operates in the special purpose acquisition company (SPAC) industry.