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AI brief of an SEC Form 8-K · OceanLight Acquisition Corp (OCLT)

OceanLight SPAC signs $1.0 billion merger agreement with AIRE Inc. home textile company

Neutral Impact 5 of 5 m&a Written later

OceanLight Acquisition Corp, a special purpose acquisition company listed on Nasdaq, entered into a merger agreement on September 28, 2026 with AIRE Inc., a Cayman Islands home textile and green sleep technology company. AIRE would become a wholly owned subsidiary of a new publicly traded holding company, with AIRE shareholders receiving shares valued at $1.0 billion. The deal is subject to shareholder approvals, an SEC-effective registration statement and Nasdaq listing approval, so completion is not assured.

Key points

  • Agreement signed September 28, 2026; AIRE shareholders to receive 100,000,000 Purchaser ordinary shares valued at $10.00 per share, based on a $1.0 billion Company net value
  • Post-closing board of Purchaser expected to have five directors, all designated by AIRE, three of them independent under Nasdaq rules
  • Either party may terminate if closing has not occurred by August 10, 2027; a $500,000 break-up fee applies in certain termination circumstances
  • Closing requires approval by both OceanLight and AIRE shareholders, effectiveness of a Form F-4 registration statement and Nasdaq listing approval

The filing

CompanyOceanLight Acquisition Corp (OCLT)
Form8-K, current report
Filed with the SECSep 30, 2026, 6:02 AM ET
Accession number0001829126-26-010594

Items reported: 1.01 Material Definitive Agreement7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 30, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.