OceanLight Acquisition Corporation (Nasdaq: OCLTU) said underwriters exercised their over-allotment option to buy an additional 1,500,000 units at $10 per unit, bringing the offering total to 11,500,000 units. Closing was expected on Aug. 24, 2026, subject to customary conditions. Each unit includes one ordinary share, one right to receive one-fourth of an ordinary share when the company completes its initial business combination, and one redeemable warrant. Each whole warrant allows its holder to buy one ordinary share at $11.50, subject to adjustment. The units began trading on Nasdaq under OCLTU on Aug. 7, 2026, while the shares, rights and warrants are expected to trade separately under OCLT, OCLTR and OCLTW. OceanLight is a Cayman Islands blank check company seeking a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination without limits on industry or geography. Mr. Ping Zhang is the company’s Chairman, Chief Executive Officer and Chief Financial Officer. Polaris Advisory Partners LLC, a division of Kingswood Capital Partners LLC, served as sole book-running manager. The Securities and Exchange Commission declared the company’s Form S-1 registration statement effective on Aug. 7, 2026. The company cautioned that statements about its search for an initial business combination and use of offering proceeds are forward-looking and subject to risks, and said it has no obligation to update them except as required by law.