OceanLight Acquisition Corporation IPO Pricing

OceanLight Acquisition Corporation, a blank check company incorporated in the United Kingdom — Cayman Islands, priced its initial public offering of 10,000,000 units at $10.00 per unit, raising $100 million. Each unit consists of one ordinary share, one right to receive one-fourth of one ordinary share upon completion of an initial business combination, and one redeemable warrant. The units began trading on the Nasdaq Global Market under the ticker symbol 'OCLTU' on August 7, 2026, with the IPO expected to close on August 10, 2026. The company granted underwriters a 45-day option to purchase up to 1,500,000 additional units to cover over-allotments. Polaris Advisory Partners, a division of Kingswood Capital Management, acted as sole book-running manager. The registration statement was declared effective by the United States — United States Securities and Exchange Commission on August 7, 2026.