OceanLight Acquisition Corporation Announces Pricing of $100 Million Initial Public Offering

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 $10.00 per unit, with each unit consisting 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 a price of $11.50 per share, subject to adjustments. The units are expected to trade on The Nasdaq Global Market (“Nasdaq”) under the ticker symbol “OCLTU” beginning today, August 7, 2026. The Company expects the IPO to close on August 10, 2026, subject to customary closing conditions. Once the securities comprising the units begin separate trading, the ordinary shares and the warrants are expected to be traded on Nasdaq under the symbols “OCLT”, “OCLTR” and “OCLTW” respectively.