Recent Updates — OCLT
August 27, 2026View Source ↗
OceanLight Acquisition Corporation consummated its initial public offering on August 10, 2026, selling 10,000,000 units at $10.00 per unit for $100 million in gross proceeds. On August 24, 2026, the underwriters exercised their over-allotment option in full to purchase an additional 1,500,000 units, generating $15 million in additional gross proceeds. Simultaneously, the company completed a private placement of 7,500 units to its sponsor for $75,000. Total net proceeds of $115 million were deposited into a trust account. OceanLight Acquisition Corporation operates as a blank check company focused on effecting a merger, capital stock exchange, asset acquisition, or similar business combination.