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OceanLight Acquisition CorpOCLT

Class A OCLTUnits OCLTUWarrants OCLTWRights OCLTRCIK 0002137679

Cash in trust

$115M

$115,216,257

Trust per share

$10.02

Redemption value

IPO

Aug 2026

$115M raised

Combination deadline

—

Not disclosed

Filings on record

21

Latest Oct 2, 2026

Business combination

Target
Not disclosed in an indexed filing
Announced
Sep 30, 2026

Overview

OceanLight Acquisition Corp is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002137679. It completed its initial public offering in Aug 2026, raising $115M in gross proceeds and listing on Nasdaq. Class A shares trade under the ticker OCLT, units under OCLTU, warrants under OCLTW, rights under OCLTR on Nasdaq. The vehicle is sponsored by OceanLight through OceanLight Capital Sponsor Ltd. The mandate targets generalist. Definitive business-combination agreement signed, closing pending.

“We intend to focus our efforts on identifying and completing our initial business combination with a company that aligns with our team's experiences, expertise and network of relationships.”
The mandate, as stated in the IPO prospectus

Reading the filings

Arithmetic on what OceanLight Acquisition Corp has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.

  • Trading at a discount to trust

    At $9.95 the shares change hands 0.69% below the $10.02 they can be redeemed for. A holder buying here is paid that spread to carry deadline and redemption risk until the vote, and the trust keeps accreting underneath it.

  • Trust versus the $10 unit

    The trust holds $10.02 per public share, 0.2% above the $10.00 the units were sold at. That spread is accrued interest on the trust and, where the charter provides for it, sponsor contributions paid in to buy more time. It is the floor a public shareholder can redeem at, not a valuation of the business.

  • Sponsor promote

    The sponsor's founder block is 4,933,500 shares against 11,500,000 public shares, or 30.0% of the combined count, acquired before the IPO at nominal cost. That promote is the structural dilution every public shareholder carries into a combination, and it is why the economics of a de-SPAC differ so sharply from a conventional IPO.

  • Warrant coverage

    Each unit carried one warrant per unit. Warrants are dilution deferred: they cost the holder nothing until exercised, and they overhang the post-combination share count. Thinner coverage is generally a sign of a stronger book at pricing.

  • Underwriting

    EF Hutton led the offering. It has been named on 44 SPAC IPOs, book-running 32 of them, and 61.5% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.

How busy it has been

Filings per month since the first one. A vehicle that has gone quiet with a deadline ahead is a different proposition from one that is still working.

9502026-062026-10

21 filings in all. 18 in the last three months, against a busiest month of 9.

Scores

Recomputed 14m ago

Three readings of OceanLight Acquisition Corp, each an unweighted mean of the components shown beneath it, and each component a percentile against every live SPAC rather than an absolute we invented. They describe the setup, not the merit. How they are built

Edge

Moderate

How much does the structure protect a holder right now?

36/100

  • Discount to trust64

    0.69%

  • Trust accretion9

    $10.02 per share

Edge reads the setup, not the business. A vehicle can score well on protection and still be a poor place to leave money once a deal closes.

FOMO

Elevated

How much attention is this vehicle attracting right now?

73/100

  • Filing activity63

    3 in 30 days

  • News coverage90

    4 stories in 30 days

  • News tone80

    positive

  • Premium to trust36

    -0.69%

  • Deal freshness96

    announced 19 days ago

Attention is not quality. FOMO rises on news volume and on the market paying above trust, both of which have preceded plenty of disappointments.

Potential

Moderate

How likely is this vehicle to complete a combination, and at what scale?

50/100

  • Lead bank record34

    61.5%

  • Bank franchise46

    44 SPAC mandates

  • Trust scale35

    $115M

  • Stage85

    definitive agreement signed

Potential is about execution, not about the target. It says nothing about whether the eventual deal is worth owning, because the target is usually unknown when the score is computed.

These are derived measures, not ratings of investment merit. They carry no view on the target, no price target and no recommendation, and a high score is not a reason to buy anything.

News on OceanLight Acquisition Corp

Last 90 days

News sentiment

Positive
negativeneutralpositive

Across 2 recent stories, weighted towards the newest. Scored by our own headline classifier using finance- and SPAC-specific terms. It reads what a story is about, not what the shares are worth.

SEC filing history

Free tier: filings older than 24 hours
  • 10-Q

    Quarterly report

    Accession 0001829126-26-010750

    Oct 2, 2026

    16d ago

    View on EDGAR ↗
  • 425

    Business-combination communication

    Accession 0001829126-26-010595

    Sep 30, 2026

    19d ago

    View on EDGAR ↗
  • 8-K

    Entry into a material definitive agreement; Regulation FD disclosure

    Items 1.01, 7.01, 9.01 · Accession 0001829126-26-010594

    Sep 30, 2026

    19d ago

    View on EDGAR ↗
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001829126-26-010007

    Sep 10, 2026

    1mo ago

    View on EDGAR ↗
  • 3

    Initial statement of beneficial ownership

    Accession 0001829126-26-009886

    Sep 8, 2026

    1mo ago

    View on EDGAR ↗
  • 3

    Initial statement of beneficial ownership

    Accession 0001829126-26-009885

    Sep 8, 2026

    1mo ago

    View on EDGAR ↗
  • 3

    Initial statement of beneficial ownership

    Accession 0001829126-26-009884

    Sep 8, 2026

    1mo ago

    View on EDGAR ↗
  • 3

    Initial statement of beneficial ownership

    Accession 0001829126-26-009883

    Sep 8, 2026

    1mo ago

    View on EDGAR ↗
  • 3

    Initial statement of beneficial ownership

    Accession 0001829126-26-009880

    Sep 8, 2026

    1mo ago

    View on EDGAR ↗
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001376474-26-000583

    Aug 28, 2026

    1mo ago

    View on EDGAR ↗
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001829126-26-009426

    Aug 27, 2026

    1mo ago

    View on EDGAR ↗
  • SCHEDULE 13D

    Beneficial ownership report (activist)

    Accession 0001829126-26-009072

    Aug 19, 2026

    2mo ago

    View on EDGAR ↗
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001829126-26-008909

    Aug 14, 2026

    2mo ago

    View on EDGAR ↗
  • 8-K

    Entry into a material definitive agreement

    Items 1.01, 3.02, 5.02, 5.03, 9.01 · Accession 0001829126-26-008704

    Aug 12, 2026

    2mo ago

    View on EDGAR ↗
  • EFFECT

    Notice of effectiveness

    Accession 9999999995-26-002583

    Aug 10, 2026

    2mo ago

    View on EDGAR ↗
  • 424B4

    Final IPO prospectus

    Accession 0001829126-26-008478

    Aug 7, 2026

    2mo ago

    View on EDGAR ↗
  • CERT

    Exchange listing certification

    Accession 0001354457-26-000765

    Aug 6, 2026

    2mo ago

    View on EDGAR ↗
  • 8-A12B

    Registration of securities on an exchange

    Accession 0001829126-26-008440

    Aug 6, 2026

    2mo ago

    View on EDGAR ↗
  • S-1/A

    S-1/A

    Accession 0001829126-26-007426

    Jul 9, 2026

    3mo ago

    View on EDGAR ↗
  • S-1/A

    S-1/A

    Accession 0001829126-26-006632

    Jun 18, 2026

    4mo ago

    View on EDGAR ↗
  • S-1

    Registration statement for the initial public offering

    Accession 0001829126-26-006500

    Jun 16, 2026

    4mo ago

    View on EDGAR ↗

Pro

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OceanLight Acquisition Corp: questions answered

What is OceanLight Acquisition Corp (OCLT)?

OceanLight Acquisition Corp is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002137679. It completed its initial public offering in Aug 2026, raising $115M in gross proceeds and listing on Nasdaq. Class A shares trade under the ticker OCLT, units under OCLTU, warrants under OCLTW, rights under OCLTR on Nasdaq. The vehicle is sponsored by OceanLight through OceanLight Capital Sponsor Ltd. The mandate targets generalist. Definitive business-combination agreement signed, closing pending.

How much does OceanLight Acquisition Corp hold in trust?

Approximately $115,216,257, or about $10.02 per public share, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.

When must OceanLight Acquisition Corp complete a merger?

No combination deadline appears in the filings we have indexed. The date is stated in the charter and repeated in each quarterly report; where our parser could not establish it with confidence we leave it blank rather than infer one.

What happens if OceanLight Acquisition Corp does not find a target in time?

The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.

Can I redeem shares in OceanLight Acquisition Corp, and at what price?

Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date, most recently disclosed at about $10.02 per share. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.

What tickers does OceanLight Acquisition Corp trade under?

Class A shares trade as OCLT on Nasdaq, the units as OCLTU, and the warrants as OCLTW, with rights as OCLTR. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.

Is the trust value the same as the share price for OceanLight Acquisition Corp?

No, and the gap between them is the whole trade. Trust per share is a disclosed, contractual figure of $10.02, being what a redeeming holder receives. The market price is whatever the shares change hands at: most recently $9.95, a discount of 0.69% to the redemption value. Quotes on this site are delayed and indicative; confirm on your own venue before trading.

How much dilution do OceanLight Acquisition Corp's founder shares and warrants create?

The founder block is 4,933,500 shares against 11,500,000 public shares, so roughly 30.0% of the combined count sits with the sponsor at nominal cost. Each unit also carried one warrant per unit, which is dilution deferred until exercise. Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.

Who sponsors OceanLight Acquisition Corp, and what is their track record?

OceanLight Capital Sponsor Ltd is the sponsor entity, part of the OceanLight franchise. This is the only vehicle we have attributed to that sponsor. Named principals: Ping Zhang.

Which banks underwrote the OceanLight Acquisition Corp IPO?

Polaris Advisory Partners, Benchmark Company, StoneX Financial, EF Hutton. EF Hutton was credited as book-running manager on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.

Is OceanLight Acquisition Corp tradeable, and where?

Yes. OCLT returned a live quote of $9.95 on Nasdaq. Quotes here are delayed and refreshed on a schedule rather than streamed, so treat the figure as indicative and confirm on your own venue. Units and warrants trade under their own symbols and are quoted separately.

Is OceanLight Acquisition Corp a good investment?

That is not a question this site answers. OceanLight Acquisition Corp is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.

Where does this OceanLight Acquisition Corp data come from?

Filings OceanLight Acquisition Corp submitted to the SEC under CIK 0002137679: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.

Compiled by the SPACListing research desk

Last reconciled Oct 19, 2026

Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.

Read the full methodology · What is in the dataset · Report a correction

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The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.