OceanLight Acquisition closes IPO of 10,000,000 units at $10 each - OCLTU News | RalliesOceanLight Acquisition closes IPO of 10,000,000 units at $10 each
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OCLTU• IPO closes on Nasdaq
- OceanLight Acquisition closed its IPO of 10,000,000 units at $10 per unit on Nasdaq under OCLTU.
- Underwriters hold a 45-day option to buy up to 1,500,000 additional units at the IPO price to cover over-allotments.
- Each unit includes one ordinary share, one right for 1/4 of an ordinary share at a business combination, and one redeemable warrant.
- Each whole warrant is exercisable at $11.50 per ordinary share; units began trading Aug. 7.
- Separately traded ordinary shares, rights and warrants are expected to list on Nasdaq as OCLT, OCLTR and OCLTW.
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