OceanLight Acquisition Corp 3Q 2026: Net income $153260 EPS $0.02— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.OceanLight Acquisition Corp reported a net income of $153,260 and EPS of $0.02 for Q3 2026 ending Aug 31. As a blank-check SPAC, it had no operating revenues. The company raised $115M via IPO into a trust to fund an initial business combination, having signed a merger agreement with AIRE. It is currently incurring public-company costs and due diligence expenses while awaiting the combination to generate operating revenue.
OceanLight Acquisition Corp reported results for the three months ended Aug. 31, 2026, recording net income of $153260 and basic and diluted net income per share of $0.02. The company, a blank-check SPAC, reported no operating revenues for the period.
Financial Highlights
- Net income: $153,260 for the three months ended Aug. 31, 2026 (consolidated net income).
- Diluted EPS: $0.02 basic and diluted net income per share for the three months ended Aug. 31, 2026.
- Revenue: No operating revenue reported for the period; company is a blank‑check SPAC and had no operating revenues.
Business Highlights
- IPO and capitalization: Completed IPO and over-allotment, raising $115M placed into a trust to fund an initial business combination.
- Business combination focus: Actively pursuing an initial business combination; a merger agreement was signed with AIRE to become an operating public company.
- Operational readiness: Incurring public-company costs and due diligence expenses; administrative support contracted with the sponsor at $20K per month.
- Revenue outlook: No operating revenues until a business combination closes; expected interest income from the trust until then.
Original SEC Filing: OceanLight Acquisition Corp [ OCLT ] - 10-Q - Oct. 02, 2026