OceanLight Acquisition Corporation Announces Pricing of $100 Million Initial Public Offering
Rhea-AI Summary
OceanLight Acquisition Corporation (Nasdaq: OCLTU/OCLT) priced its initial public offering of 10,000,000 units at $10.00 per unit, for an IPO size of approximately $100 million. Each unit includes one ordinary share, one right to receive one-fourth of one ordinary share upon completion of the initial business combination, and one redeemable warrant.
Each whole warrant allows the purchase of one ordinary share at $11.50, subject to adjustments. The units are expected to begin trading on the Nasdaq Global Market under the symbol OCLTU on August 7, 2026, with the IPO expected to close on August 10, 2026, subject to customary conditions. After separation, the ordinary shares, rights and warrants are expected to trade under OCLT, OCLTR and OCLTW, respectively. The underwriters have a 45‑day option to buy up to 1,500,000 additional units to cover over‑allotments.
Positive
- IPO priced: 10,000,000 units at $10.00 per unit
- Tradable securities: units OCLTU, shares OCLT, rights OCLTR, warrants OCLTW on Nasdaq
- Warrant terms: each whole warrant exercisable at $11.50 per share
- Over-allotment option: 45 days for underwriters to purchase up to 1,500,000 additional units
Negative
- None.
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NEW YORK, Aug. 07, 2026 (GLOBE NEWSWIRE) -- OceanLight Acquisition Corporation, a blank check company incorporated in the Cayman Islands as an exempted company (the “Company”), today announced the pricing of its initial public offering (“IPO”) of 10,000,000 units at an offering price of
Polaris Advisory Partners LLC, a division of Kingswood Capital Partners LLC, is acting as the sole book-running manager for the offering.
The Company has granted the underwriters a 45-day option to purchase up to 1,500,000 additional units at the initial public offering price, less underwriting discounts and commissions, to cover over-allotments, if any.
Celine and Partners, P.L.L.C. is serving as US legal counsel to the Company and O’Melveny & Meyers LLP is serving as legal counsel to Polaris, a division of Kingswood Capital Partners LLC, in the offering.
A registration statement on Form S-1 relating to the securities (File No. 333-296802) was previously filed with the Securities and Exchange Commission ("SEC") and was declared effective on August 7, 2026 pursuant to Section 8(a) of the Securities Act of 1933, as amended. This offering is being made only by means of a prospectus forming part of the effective registration statement. Copies of the final prospectus, when available, may be obtained on the SEC’s website at http://www.sec.gov. Copies of the prospectus may be obtained, when available, by contacting Kingswood Capital Partners, LLC, 126 East 56th Street, Suite 22S, New York, NY 10022, or by calling 212-487-1080 or emailing Syndicate@kingswoodUS.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
Contact: admin@oceanlightacq.com
