Monitor the filing of the Form F-4 registration statement and shareholder vote timeline. Key risk is shareholder redemptions from the trust account, which could reduce cash available to the combined company.
Price Chart
Executive Summary
OceanLight Acquisition Corp (OCLT) announced a definitive business combination with AIRE Inc., a home textile and green sleep technology company, via a SPAC merger. The deal values AIRE at a Company Net Value of $1.0 billion, with AIRE shareholders receiving 100 million Purchaser ordinary shares valued at $10.00 per share. The transaction is expected to close by August 10, 2027, subject to shareholder and regulatory approvals.
Key Financial Metrics
Key Facts
- SPAC OceanLight Acquisition Corp merging with AIRE Inc. at a $1.0 billion enterprise value.
- AIRE shareholders to receive 100 million Purchaser ordinary shares at $10.00 per share.
- Sponsor support agreement secured for 4,933,500 Parent ordinary shares.
- Lock-up period of 6 months for certain shareholders, with early release at $12.50 per share.
- Break-up fee of $500,000 payable by breaching party under certain termination scenarios.
- Post-closing board will consist of 5 directors, all designated by AIRE.
Financial Impact
Deal valued at $1.0 billion Company Net Value; 100 million shares issued at $10.00 per share.
Risk Factors
- Shareholder redemptions could reduce trust account cash below expectations.
- Regulatory and SEC approval process may delay or derail the transaction.
- AIRE's unaudited financials and lack of audited statements may raise due diligence concerns.
- Post-merger integration and execution risks for a newly public company.
Documents Analyzed
This report is based on 9 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 425 Filing (Primary) | 0001829126-26-010595 |
| Document: oceanlightacq_ex10-2.htm | 0001829126-26-010595 |
| Document: oceanlightacq_ex10-3.htm | 0001829126-26-010595 |
| Document: oceanlightacq_425.htm | 0001829126-26-010595 |
| Document: oceanlightacq_ex10-1.htm | 0001829126-26-010595 |
| Document: oceanlightacq_ex99-1.htm | 0001829126-26-010595 |
| Document: 0001829126-26-010595-index-headers.html | 0001829126-26-010595 |
| Document: 0001829126-26-010595-index.html | 0001829126-26-010595 |
| Document: 0001829126-26-010595.txt | 0001829126-26-010595 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 30, 2026 27d ago | 425 | $9.90 $9.90 | · 0.00% | ▼ −1.91% | $9.91 (+0.10%) |
Sep 30, 2026 27d ago | 8-K | $9.90 $9.90 | · 0.00% | ▼ −1.91% | $9.91 (+0.10%) |
Sep 28, 2026 28d ago | Press Release | $9.90 $9.89 | ▼ −0.10% | ▼ −2.05% | $9.91 (+0.10%) |
Sep 8, 2026 6w ago | 3 | — | awaiting T+5 | — | — |
Aug 14, 2026 10w ago | 8-K | — | awaiting T+5 | — | — |
Aug 10, 2026 11w ago | EFFECT | — | awaiting T+5 | — | — |
Aug 7, 2026 11w ago | Press Release | — | awaiting T+5 | — | — |
Jul 8, 2026 15w ago | S-1/A | — | awaiting T+5 | — | — |
US Market Status
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