OceanLight Signs $1B Definitive Merger Agreement with AIRE Inc.
OCLTU is trading near its 52-week low of $9.975 (1.1% above the low) on light trading volume (0.2× avg).
Summary
OceanLight Acquisition Corp announced a definitive merger agreement with AIRE Inc., a textile trading company, in a deal valuing AIRE at $1.0 billion. AIRE shareholders will receive 100 million shares of the combined company at $10.00 per share.
Updates
· SEC 425 — The 425 filing includes the full merger agreement, lock-up terms, and sponsor support agreement.
Key Events · M&A and Partnerships · OCLTU
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Definitive Merger Agreement Signed
On September 28, 2026, OceanLight Acquisition Corp entered into an Agreement and Plan of Merger with AIRE Inc., with AIRE surviving as a wholly owned subsidiary of the combined company.
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$1.0 Billion Company Net Value
The transaction values AIRE at $1,000,000,000, with AIRE shareholders receiving 100,000,000 Purchaser ordinary shares at $10.00 per share.
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Finder's Fee and Break-up Fee
Wealthwise Solutions Ltd. will receive $1,500,000 cash plus 6,000,000 Purchaser ordinary shares (6% of merger consideration) as a finder's fee. A $500,000 break-up fee applies to a breaching or delaying party.
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Sponsor Working Capital Loans
The Company Group will provide the Sponsor with working capital loans totaling $1,500,000, repayable at closing or termination, with repayment options in cash or founder shares valued at $10.00 per share.
Analysis · OCLTU · Real Estate & Construction
A definitive merger agreement has been reached between OceanLight Acquisition Corp and AIRE Inc., a home textile and green sleep technology company, in a transaction valuing AIRE at $1.0 billion. Under the terms, AIRE shareholders will receive 100 million shares of the combined company at $10.00 per share, and AIRE's management will take control of the board. This marks a transformative step for the SPAC, which has been seeking a business combination target since its August 2026 IPO. Closing is contingent on shareholder approvals, SEC effectiveness of the Form F-4 registration statement, and Nasdaq listing approval, with an outside date of August 10, 2027.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 42.1% of the 323 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.36%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, OCLTU was trading at $10.08 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $167.1M. The 52-week trading range was $9.98 to $11.00. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.