Substantial doubt about the company's ability to continue as a going concern.
“The Company lacks the financial resources it needs to sustain operations for a reasonable period of time, which is considered to be one year from the date of the issuance of the financial statements. Therefore, management has determined that these conditions raise substantial doubt about the Company's ability to continue as a going concern until the earlier of the consummation of the Business Combination or the date the Company is required to liquidate.”View the 10-Q filed Oct 2, 2026
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OceanLight Acquisition Corporation entered a merger agreement with AIRE Inc. at an agreed AIRE Net Value of $1.0 billion, with shares valued at $10.00 per share. Completion requires shareholder approvals and Nasdaq listing approval; substantial doubt exists about going concern.
On September 28, 2026, OceanLight Acquisition Corporation agreed to acquire AIRE Inc. through two mergers, with closing consideration of 100,000,000 shares valued at $10.00 per share based on an agreed $1,000,000,000 net value.
