OceanLight Acquisition Corp Listed SPAC Primary

What the company does

OceanLight Acquisition Corporation is a blank check company incorporated as a Cayman Islands exempted company with limited liability, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. Its efforts to identify a prospective target business will not be limited to a particular industry or geographic region. The company does not have any specific business combination under consideration and has not contacted any prospective target business or had any substantive discussions with respect to such a transaction.

Use of proceeds

The proceeds are to be deposited into a United-States-based trust account maintained by Continental Stock Transfer & Trust Company acting as trustee, with $10.00 per unit sold to the public to be held in such trust account until the earlier of the consummation of the initial business combination or the redemption of the ordinary shares upon failure to consummate a business combination within the required period. The trust funds will not be released earlier except as described in the prospectus.

Underwriters

Extracted from 424B4 0001829126-26-008478, filed Aug 7, 2026 and verified against that filing text.

Key risk factors

• Overlapping management conflicts

  “Certain of our executive officers and directors also serve as executive officers or directors of Yotta Acquisition Corporation (“Yotta”), FortuneX Acquisition Corporation (“FortuneX”), Futurewave Acquisition Corporation (“Futurewave”) and Pelican Acquisition II Corporation (“Pelican II”), each of which is currently seeking to identify and consummate an initial business combination.”

• Trust account holding period

  “Absent a business combination, the net investment proceeds may be held in trust for as long as up to 12 months.”

• Sponsor influence

  “Our Sponsor will hold a substantial interest in us. As a result, it may exert a substantial influence on actions requiring a shareholder vote, potentially in a manner that you do not support.”

• Reliance on key personnel

  “We rely upon key personnel in order to identify a target, effect an initial business combination, and operate successfully thereafter. Our results could be negatively impacted by the loss of any individual prior to or after the business combination.”

• Departure of officers and directors

  “We are dependent upon our officers and directors, and their departure could adversely affect our ability to operate.”

• No Rule 419 protections

  “This offering is not being conducted in compliance with Rule 419 promulgated under the Securities Act. Accordingly, you will not be entitled to protections normally afforded to investors in Rule 419 blank check offerings.”

• Founder share dilution

  “Given our Sponsor paid a nominal aggregate purchase price for the founder shares, the value of your public shares may be significantly diluted upon the consummation of our initial business combination, when the founder shares are converted into public shares.”

• Loss of investment if no business combination

  “Since our Sponsor, officers, and directors will lose their entire investment in us if our initial business combination is not completed, a conflict of interest may arise in determining whether a particular business”