OceanLight Acquisition ^{Filed Terms, NYSE: OCLT.U}

We are a newly formed blank check company incorporated as a Cayman Islands exempted company on May 22, 2026 under the laws of the Cayman Islands with limited liability. We are formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. We intend to focus our efforts on identifying and completing our initial business combination with a company that aligns with our team’s experiences, expertise and network of relationships. Our business strategy is expected to be focused on potential acquisition targets that exhibit compelling long-term growth potential and highly defensible market positions. We have identified the following general criteria and guidelines as we evaluate prospective target companies: 1) Large underpenetrated markets with favorable industry dynamics. We intend to actively look for suitable investment opportunities with an enterprise value of approximately $180 million - $1 billion. 2) Strong management team. 3) Defensible market position with sustainable competitive advantage. 4) Benefit from being a public company. These criteria are not intended to be exhaustive. With that said, we may ultimately decide to enter into an initial business combination with a target business that does not meet these criteria.