This is a standard SPAC IPO filing. Monitor for any business combination announcement or extension vote as the August 2027 deadline approaches. The going-concern qualification is standard for SPACs at IPO but warrants attention if no deal is announced within 9-10 months.
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Executive Summary
OceanLight Acquisition Corp filed an 8-K reporting the consummation of its $100M IPO on August 10, 2026, selling 10M units at $10.00 each, with a simultaneous $2.1M private placement to its sponsor. The filing includes an audited balance sheet with a going-concern qualification from the auditor, noting the company must complete a business combination by August 10, 2027 or liquidate.
Key Facts
- IPO of 10,000,000 units at $10.00/unit raised $100,000,000 in gross proceeds.
- Simultaneous private placement of 211,250 units to sponsor raised $2,112,500.
- $100,000,000 placed in trust account for benefit of public shareholders.
- Auditor's report includes a 'substantial doubt about the Company's ability to continue as a going concern' paragraph.
- Company has 12 months from IPO (until August 10, 2027) to complete a business combination or liquidate.
- Working capital of $644,879 as of August 10, 2026.
Financial Impact
IPO raised $100M gross, with $100M placed in trust. Working capital of $644,879 available for operations.
Risk Factors
- Failure to complete a business combination within 12 months will trigger liquidation and dissolution.
- Limited working capital ($644,879) may constrain ability to identify and negotiate a target.
- Sponsor and insiders control significant voting power, potentially limiting minority shareholder influence.
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001829126-26-008909 |
| Document: oceanlightacq_8k.htm | 0001829126-26-008909 |
| Document: 0001829126-26-008909-index-headers.html | 0001829126-26-008909 |
| Document: 0001829126-26-008909-index.html | 0001829126-26-008909 |
| Document: 0001829126-26-008909.txt | 0001829126-26-008909 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 30, 2026 26d ago | 425 | $9.90 $9.90 | · 0.00% | ▼ −1.91% | $9.90 (−0.00%) |
Sep 30, 2026 26d ago | 8-K | $9.90 $9.90 | · 0.00% | ▼ −1.91% | $9.90 (−0.00%) |
Sep 28, 2026 28d ago | Press Release | $9.90 $9.89 | ▼ −0.10% | ▼ −2.05% | $9.90 (−0.00%) |
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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