This is a paid press release. Contact the press release distributor directly with any inquiries.
OceanLight Acquisition Corporation Announces Exercise of Over-Allotment Option
OceanLight Acquisition Corporation
Tue, August 25, 2026 at 1:45 AM GMT+5:30
3 min read
NEW YORK, Aug. 24, 2026 (GLOBE NEWSWIRE) — OceanLight Acquisition Corporation (Nasdaq: OCLTU, the “Company”) announced today that the underwriters of its recently announced initial public offering exercised their over-allotment option to purchase an additional 1,500,000 units at the public offering price of $10.00 per unit, bringing the total units sold to 11,500,000. The closing of the over-allotment option is expected to occur on August 24, 2026, subject to the satisfaction of customary closing conditions.
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.
Polaris Advisory Partners LLC, a division of Kingswood Capital Partners LLC, served as the sole book-running manager for the offering
Celine and Partners, P.L.L.C. served as legal counsel to the Company. O’Melveny & Myers LLP served as legal counsel to Polaris Advisory Partners LLC. OceanLight Capital Sponsor Ltd. is the sponsor of the Company
A registration statement on Form S-1 relating to the securities (File No. 333-296802) was previously filed with the Securities and Exchange Commission (“SEC”) and was declared effective by the SEC on August 7, 2026. This offering was made only by means of a prospectus forming part of the effective registration statement. Copies of the prospectus may be obtained on the SEC’s website at http://www.sec.gov. Copies of the prospectus may also be obtained, when available, by contacting Kingswood Capital Partners, LLC, 126 East 56th Street, Suite 22S, New York, NY 10022, by calling 212-487-1080, or by emailing Syndicate@kingswoodUS.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction
