OceanLight Acquisition Corp Form 10-Q — Oct 2, 2026
OceanLight Acquisition Corporation, a Cayman Islands SPAC, filed its first 10-Q for the quarter ended August 31, 2026, reporting net income of $153,260 driven by $216,257 of trust interest income against $63,007 of G&A expenses, with $115.2 million held in trust and $522,130 in working cash. The filing's headline item is a subsequent-event disclosure: on September 28, 2026 the company signed a Merger Agreement with AIRE Inc., under which AIRE shareholders will receive shares based on an agreed AIRE Net Value of $1.0 billion at $10.00 per share, subject to an F-4 registration, shareholder approvals, and Nasdaq listing.
Key figures
- Eps
- 0.02
- Net Income
- 153260
- Cash Position
- 522130
- Units ipo
- 10000000
- Offering cost
- 1889247
- Aire net value
- 1000000000
- G and a expense
- 63007
- Termination fee
- 500000
- Working capital
- 761375
- Ipo gross proceeds
- 115000000
- Merger share price
- 10
- Units overallotment
- 1500000
- Combination deadline
- August 10, 2027
- Trust account balance
- 115216257
- Warrant exercise price
- 11.5
- Private placement gross proceeds
- 2187500
Price after filing
Close on the filing date to close N calendar days later (from $9.91). Historical, not a forecast.
AI analysis
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