OceanLight Acquisition Corp Form 8-K — Sep 30, 2026
OceanLight Acquisition Corporation entered into a definitive Merger Agreement on September 28, 2026 to combine with AIRE Inc., a Cayman company whose subsidiaries trade textiles in the United States. The deal values AIRE at an agreed net value of $1,000,000,000, with Company shareholders receiving 100,000,000 purchaser ordinary shares valued at $10.00 per share. The transaction will be effected through a dual structure: the SPAC merges into AIRE Global Group Inc. (Purchaser), while Merger Sub merges into AIRE Inc.
Key figures
- Deal Value Usd
- 1000000000
- Breakup fee
- $500,000
- Outside date
- August 10, 2027
- Post closing board
- 5 directors designated by the Company, 3 independent
- Lockup minimum period
- 6 months after closing
- Closing payment shares
- 100,000,000 Purchaser ordinary shares at $10.00 per share
- Warrant exercise price
- $11.50
- Lockup early release price
- $12.50 per share for 20 of 30 trading days
Price after filing
Close on the filing date to close N calendar days later (from $9.90). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.