OceanLight Acquisition Corporation Announces Closing of Initial Public Offering

NEW YORK, Aug. 10, 2026 (GLOBE NEWSWIRE) -- OceanLight Acquisition Corporation (Nasdaq: OCLTU, the “Company”) announced today the closing of its initial public offering (“IPO”) of 10,000,000 units at an offering price of $10.00 per unit. The underwriters have a 45-day option from the date of the prospectus to purchase up to an additional 1,500,000 units from the Company at the IPO price to cover over-allotments, if any.

Each unit consists of one ordinary share, one right to receive one-fourth (1/4) of one ordinary share upon the consummation of the Company’s initial business combination, and one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one ordinary share at an exercise price of $11.50 per share, subject to adjustment. The units are listed on The Nasdaq Global Market (“Nasdaq”) and began trading under the ticker symbol “OCLTU” on August 7, 2026. Once the securities comprising the units begin separate trading, the ordinary shares, rights and warrants are expected to be listed on Nasdaq under the symbols “OCLT,” “OCLTR,” and “OCLTW,” respectively.