OceanLight Acquisition prices USD 100 million IPO at USD 10 per unit - OCLTU News | RalliesOceanLight Acquisition prices USD 100 million IPO at USD 10 per unit
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OCLTU• IPO priced at USD 10 per unit
- OceanLight Acquisition priced an IPO of 10,000,000 units at USD 10 per unit, raising USD 100 million.
- Units begin trading on Nasdaq under OCLTU; each unit includes 1 ordinary share, 1 right for 1/4 share, 1 redeemable warrant.
- Each whole warrant allows purchase of 1 ordinary share at USD 11.5; shares, rights and warrants are expected to trade as OCLT, OCLTR and OCLTW.
- The deal is set to close Aug. 10, subject to customary conditions; underwriters have a 45-day option for 1,500,000 additional units.
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