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OTG Acquisition Corp. I (NASDAQ: OTGAU) has successfully completed a $230 million initial public offering, with Expedition Infrastructure Partners (XIP) serving as strategic institutional advisor. The SPAC is targeting acquisitions in the Digital Infrastructure Services sector, focusing on established companies providing essential services in IT infrastructure, power systems, connectivity, and data center operations.
Led by CEO Scott Troeller, who is also the Founder and Managing Partner of XIP, OTG aims to capitalize on the growing demand for computing power, connectivity, and energy management driven by AI and data proliferation. The company's board includes industry veterans Wes Cummins, Richard Nottenburg, and Steven Siesser, bringing extensive operational, investment, and strategic experience to identify potential acquisition targets.
