The IPO is expected to price within 1-2 days. Monitor for pricing announcement and first day of trading. Post-IPO, the key catalyst will be the announcement of a target business combination within the 12-month window — the sponsor's low-cost founder shares create strong incentive to complete any deal, but the CEO's eight other SPAC board seats raise the risk of deal-allocation conflicts.
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Executive Summary
OceanLight Acquisition Corp's S-1 registration for a $100M SPAC IPO has been declared effective by the SEC as of August 7, 2026. The company can now proceed to price and list 10M units at $10.00/unit, each consisting of one ordinary share, one right, and one warrant. The IPO is expected to close within days, marking the start of the company's 12-month search for a target with enterprise value between $180M and $1B.
Key Facts
- SEC declared S-1 effective on August 7, 2026 for OceanLight Acquisition Corp
- IPO of 10M units at $10.00/unit for total $100M
- Each unit: one ordinary share, one right to receive 1/4 ordinary share post-business combination, one warrant exercisable at $11.50
- Sponsor purchased founder shares at ~$0.0051/share, creating structural incentive to complete a deal
- Company has 12 months to find a target with enterprise value of $180M-$1B
- CEO serves on eight other SPAC boards, creating deal-allocation conflicts
Financial Impact
$100M IPO proceeds from 10M units at $10.00/unit
Risk Factors
- No identified target yet — 12-month deadline to find a business combination
- CEO serves on eight other SPAC boards, creating potential conflicts in deal allocation
- Sponsor's near-zero cost basis creates incentive to complete any deal, not necessarily the best deal for public shareholders
- SPAC market conditions may affect pricing and demand for units
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| EFFECT Filing (Primary) | 9999999995-26-002583 |
| Document: 9999999995-26-002583-index.html | 9999999995-26-002583 |
| Document: 9999999995-26-002583.txt | 9999999995-26-002583 |
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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