Recent Updates — OCLTW

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.

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.