OceanLight Acquisition agrees to merge with AIRE in deal valuing target at $1 billion
Bitget2026/09/30 10:05- OceanLight Acquisition Corporation agreed to merge with home textile and green sleep technology company AIRE in a two-step reorganization.
- OceanLight will merge into a newly formed subsidiary, AIRE Global Group, which will remain the publicly traded company.
- AIRE will merge into a subsidiary of the public company, surviving as a wholly owned unit following closing.
- The deal sets AIRE’s net value at $1 billion, implying 100,000,000 closing payment shares at $10.00 each.
- Closing is subject to shareholder votes, SEC effectiveness of a Form F-4 registration statement, and Nasdaq approval for the new shares.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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