OTG Acquisition Corp. I Announces Closing of $230,000,000 Initial Public Offering
OTG Acquisition Corp. I (Nasdaq: OTGAU) has successfully completed its initial public offering, raising $230 million through the sale of 23 million units at $10.00 per unit. The offering included the full exercise of the underwriters' over-allotment option of 3 million units.
Each unit comprises one Class A ordinary share and one-half of one redeemable warrant, with whole warrants exercisable at $11.50 per share. The company also completed concurrent private placements of 775,000 units at $10.00 per unit, generating additional proceeds of $7.75 million.
Of the total proceeds, $231.15 million ($10.05 per public unit) has been placed in trust. The units trade on Nasdaq under "OTGAU", with Class A shares and warrants to list separately as "OTGA" and "OTGAW".
OTG Acquisition Corp. I (Nasdaq: OTGAU) ha portato a termine con successo la sua offerta pubblica iniziale, raccogliendo 230 milioni di dollari tramite la vendita di 23 milioni di unità a 10,00 dollari per unità. L'offerta ha incluso l'esercizio completo dell'opzione di sovrallocazione da parte degli underwriter di 3 milioni di unità.
Ogni unità comprende una azione ordinaria di classe A e la metà di un warrant rimborsabile, con warrant interi exercitabili a 11,50 dollari per azione. L'azienda ha anche completato collocamenti privati concorrenti di 775.000 unità a 10,00 dollari per unità, generando ulteriori proventi di 7,75 milioni di dollari.
Dei proventi totali, 231,15 milioni di dollari (10,05 dollari per unità pubblica) sono stati messi in trust. Le unità sono negoziate sul Nasdaq con ticker OTGAU, mentre le azioni di Classe A e i warrant saranno quotati separatamente rispettivamente come OTGA e OTGAW.
OTG Acquisition Corp. I (Nasdaq: OTGAU) ha completado con éxito su oferta pública inicial, recaudando 230 millones de dólares mediante la venta de 23 millones de unidades a 10,00 dólares por unidad. La oferta incluyó el ejercicio total de la opción de sobreasignación de los suscriptores por 3 millones de unidades.
Cada unidad comprende una acción ordinaria de clase A y la mitad de un warrant redimible, con warrants completos exercitables a 11,50 dólares por acción. La compañía también llevó a cabo colocaciones privadas concurrentes de 775.000 unidades a 10,00 dólares por unidad, generando ingresos adicionales de 7,75 millones de dólares.
De los ingresos totales, 231,15 millones de dólares (10,05 dólares por unidad pública) se han puesto en un fideicomiso. Las unidades cotizan en Nasdaq bajo "OTGAU", con las acciones de Clase A y los warrants cotizando por separado como OTGA y OTGAW.
OTG Acquisition Corp. I (Nasdaq: OTGAU) 는 성공적으로 초기 공개공모(IPO)를 완료하여 총 2.3억 달러를 모았으며, 2,300만 개의 유닛을 유닛당 10.00달러에 판매했습니다. 공모에는 언더라이터의 3백만 유닛 초과배정 옵션의 전면 행사도 포함되었습니다.
각 유닛은 클래스 A 보통주 1주와 상환 가능한 워런트의 절반으로 구성되며, 완전한 워런트는 주당 11.50달러에 행사할 수 있습니다. 또한 775,000 유닛의 동시 비공개 배정이 유닛당 10.00달러로 이루어져 추가로 770만 달러의 수익을 창출했습니다.
총 수익 중 2억 3,115만 달러 (공개 유닛당 10.05달러)가 신탁에 보관되었습니다. 유닛은 나스닥에서 OTGAU로 거래되며, 클래스 A 주식과 워런트는 각각 OTGA와 OTGAW로 분리 상장됩니다.
OTG Acquisition Corp. I (Nasdaq: OTGAU) a mené à bien avec succès son introduction en bourse, levant 230 millions de dollars grâce à la vente de 23 millions d'unités à 10,00 dollars par unité. L'offre a inclut l'exercice total de l'option de surallocation des souscripteurs de 3 millions d'unités.
Chaque unité comprend une action ordinaire de classe A et la moitié d'un warrant rachetable, les warrants entiers étant exerçables à 11,50 dollars par action. La société a également procédé à des placements privés concurrents de 775 000 unités à 10,00 dollars par unité, générant des revenus supplémentaires de 7,75 millions de dollars.
Parmi le total des fonds, 231,15 millions de dollars ( 10,05 dollars par unité publique) ont été déposés en fiducie. Les unités sont négociées au Nasdaq sous le symbole OTGAU, les actions de Classe A et les warrants étant cotés séparément sous les symboles OTGA et OTGAW.
OTG Acquisition Corp. I (Nasdaq: OTGAU) hat erfolgreich seinen Börsengang abgeschlossen und 230 Millionen US-Dollar durch den Verkauf von 23 Millionen Einheiten zu 10,00 US-Dollar pro Einheit eingenommen. Das Angebot umfasste die vollständige Ausübung der Over-Allotment-Option der Underwriter in Höhe von 3 Millionen Einheiten.
Jede Einheit besteht aus einer Class-A-Aktie und der Hälfte eines rückzahlbaren Warrants, wobei vollständige Warrants mit 11,50 US-Dollar pro Aktie ausgeübt werden können. Das Unternehmen hat auch gleichzeitige private Placements von 775.000 Einheiten zu je 10,00 USD abgeschlossen, was zusätzliche Einnahmen von 7,75 Millionen USD brachte.
Von den Gesamterlösen wurden 231,15 Millionen USD ( 10,05 USD pro öffentlicher Einheit) in einem Trust platziert. Die Einheiten handeln an der Nasdaq unter dem Symbol OTGAU, während Class-A-Aktien und Warrants separat unter OTGA bzw. OTGAW gelistet werden.
OTG Acquisition Corp. I (Nasdaq: OTGAU) أنهى بنجاح عرضه العام الأولي، حيث جمع 230 مليون دولار أمريكي من خلال بيع 23 مليون وحدة بسعر 10.00 دولار للوحدة. شمل العرض ممارسة كاملة لـخيار التخصيص الزائد من قبل المكتتبين بواقع 3 ملايين وحدة. تتكون كل وحدة من سهم عادي من الفئة A ونصف مِخْوَل قابِل للإحالة، ويجري قابلية ممارسة المخازم الكامله عند 11.50 دولاراً للسهم. كما أتمت الشركة أيضاً عمليات طرح خاص متزامنة لـ775,000 وحدة بسعر 10.00 دولار للوحدة محققة عوائد إضافية قدرها 7.75 ملايين دولار. من إجمالي العوائد، وُضع 231.15 مليون دولار (10.05 دولاراً لكل وحدة عامة) في صندوق ائتماني. تتداول الوحدات في ناسداك تحت الرمز OTGAU، بينما تُدرج أسهم الفئة A والمخاطر القابلة للإحالة بشكل منفصل كـ OTGA و OTGAW.
OTG Acquisition Corp. I（纳斯达克：OTGAU） 已成功完成首次公开发行，通过以每单位10.00美元出售2300万单位筹集2.30亿美元。发行包括承销商全部行使的超额认购权，数量为300万单位。
每单位包含一股
总募集资金中，2.3115亿美元（每个公开单位<付10.05美元）已放入信托。单位在纳斯达克交易，股票代码为OTGAU；
- Raised substantial capital of $230 million through IPO
- Successfully secured additional $7.75 million through private placements
- Full exercise of over-allotment option indicates strong demand
- $231.15 million placed in trust, providing $10.05 per unit in trust value
- SPAC structure carries inherent risks of not finding suitable acquisition target
- Warrant dilution potential when exercised at $11.50 per share
- Time-limited structure requires completing acquisition within specified timeframe
Insights
OTG Acquisition Corp. I has successfully raised $230M in its IPO as a SPAC targeting infrastructure opportunities.
OTG Acquisition Corp. I has completed its $230 million initial public offering, selling 23 million units at
This SPAC is led by CEO Scott Troeller and CFO Joseph Dunfee, with strategic support from Expedition Infrastructure Partners. Their target acquisition focus appears to be in infrastructure sectors including digital infrastructure, electrification, energy transition, grid resiliency, circular economy technologies, and business services.
Of the IPO proceeds,
The SPAC market has seen fluctuating investor interest over recent years, but specialized SPACs with clear industry focus and experienced management teams continue to attract capital. OTG's ability to raise $230M and secure full exercise of the underwriters' over-allotment option suggests reasonable market confidence in their ability to identify and complete a value-creating acquisition in the infrastructure space.
NEW YORK, Sept. 15, 2025 (GLOBE NEWSWIRE) -- OTG Acquisition Corp. I (Nasdaq: OTGAU) (the “Company”), a special purpose acquisition company, today announced the closing of its initial public offering of 23,000,000 units at
The units began trading on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “OTGAU” on September 12, 2025. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of
Concurrently with the closing of the initial public offering, the Company closed on private placements of an aggregate of 775,000 units at a price of
OTG Acquisition Corp. I is led by its Chief Executive Officer, Scott Troeller, and its Chief Financial Officer, Joseph Dunfee, and will be supported by its strategic institutional advisor, Expedition Infrastructure Partners, LLC (“XIP”). XIP’s team’s expertise spans digital infrastructure, electrification, energy transition, grid resiliency, circular economy technologies and business services.
B. Riley Securities served as the lead book-running manager for the offering. Northland Capital Markets and Lake Street Capital Markets served as joint book-runners for the offering. The Klein Group, LLC, an affiliate of M. Klein and Company, a global strategic advisory firm, acted as capital markets advisor in connection with the offering.
A registration statement on Form S-1 relating to these securities has been filed with the Securities and Exchange Commission (“SEC”), and was declared effective on September 11, 2025. The offering was made only by means of a prospectus. Copies of the final prospectus may be obtained from B. Riley Securities, Inc., Attention: Prospectus Department, 1300 North 17th Street, Suite 1300, Arlington, Virginia 22209; Telephone: (703) 312-9580, or by emailing prospectuses@brileysecurities.com.
Of the net proceeds received from the consummation of the initial public offering and simultaneous private placements,
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About OTG Acquisition Corp. I
OTG Acquisition Corp. I is a public acquisition vehicle and intends to target companies in the digital infrastructure services sector where its management has extensive investment and operational experience. The Company expects to focus on sectors whose growth is primarily driven by the expansion of data centers, digital infrastructure, power generation, communication technology and their related ecosystems.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the anticipated use of the net proceeds of the initial public offering and simultaneous private placements. No assurance can be given that the net proceeds of the initial public offering and simultaneous private placements will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and final prospectus for the Company’s initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Investor Contact
Scott Troeller
scott@xipllc.com
(917) 488-5629
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