OceanLight Acquisition Corporation (OCLTW) Warrant
Each OCLTW warrant gives the holder the right to buy 1 share of OceanLight Acquisition Corporation at $11.50 per share, for five years after the company completes its merger. The stock last closed at $9.91, below the strike, so the warrant is out of the money. OceanLight Acquisition Corporation has a market value of about $167.30M. OceanLight Acquisition Corporation is a SPAC (deal signed with AIRE Inc.). It must complete a deal by August 10, 2027 or the warrants expire worthless. There are 11.50M listed warrants; exercising all of them would add 68.1% to the 16.88M shares outstanding.
OCLT vs strike, last 12 months
No share-price history for OCLT yet.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- none stated
- Cashless exercise
- no
- Break-even stock price
- $11.54
From the issuer's S-1/A (2026-07-09).
Company and stock
- Company
- OceanLight Acquisition Corporation
- Underlying stock
- OCLT
- Share price
- $9.91
- Market cap
- $167.30M
- Shares outstanding
- 16.88M
- Value of all listed warrants
- $402.50K (0.2% of market cap)
Market cap is the last share price times shares outstanding (as of 2026-10-02). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.0350
- Price / model
Get Pro to see whether OCLTW is cheap or rich against our model.
Dilution
- Shares outstanding
- 16.88M
- Listed warrants
- 11.50M
- Dilution if all exercised
- 68.1%
Warrant count from filing text: public warrants.
SPAC deal
- Status
- deal signed
- Target
- AIRE Inc.
- Deal announced
- 2026-09-28
- Deadline
- 2027-08-10
- Latest possible deadline
- 2027-08-10
- Trust per share
- $10.00
- Sponsor
- OceanLight Capital Sponsor Ltd.
- Sponsor's earlier SPACs
- 2 (0 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about OCLTW
When does the OCLTW warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of OCLTW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many OCLTW warrants are outstanding?
11.50M listed warrants, equal to 68.1% dilution if all are exercised.