Research analysts covering OTG Acquisition Corp. I.
Recent press releases and 8-K filings for OTGA.
OTG Acquisition Corp. I Completes Initial Public Offering and Private Placements
OTGA
- OTG Acquisition Corp. I (OTGA) consummated its initial public offering (IPO) on September 15, 2025, selling 23,000,000 units at $10.00 per unit, which generated $230,000,000 in gross proceeds, including the full exercise of the underwriters' over-allotment option.
- Simultaneously with the IPO closing, the company completed private sales of 775,000 units at $10.00 per unit, generating $7,750,000 in gross proceeds, of which $2,000,000 is accounted for as a share subscription receivable.
- A total of $231,150,000 from the IPO and Private Placements was placed in a U.S.-based trust account as of September 15, 2025.
- As of September 15, 2025, there are 11,500,000 Public Warrants and 387,500 Private Placement Warrants outstanding, with each whole warrant entitling the holder to purchase one Class A ordinary share for $11.50 per share.
Sep 19, 2025, 8:30 PM
OTG Acquisition Corp. I Prices Initial Public Offering
OTGA
New Projects/Investments
- OTG Acquisition Corp. I priced its initial public offering of 20,000,000 units at $10.00 per unit on September 12, 2025.
- Each unit, consisting of one Class A ordinary share and one-half of one redeemable warrant, was expected to begin trading on the Nasdaq Global Market under the ticker symbol "OTGAU" on September 12, 2025.
- The offering was expected to close on September 15, 2025, with underwriters having a 45-day option to purchase up to an additional 3,000,000 units to cover over-allotments.
Sep 15, 2025, 8:35 PM
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