OTG Acquisition Corp. I Announces Pricing of $200,000,000 Initial Public Offering

Rhea-AI Summary

OTG Acquisition Corp. I (Nasdaq: OTGAU), a special purpose acquisition company (SPAC), has announced the pricing of its $200 million initial public offering. The company is offering 20 million units at $10.00 per unit, with each unit comprising one Class A ordinary share and one-half of one redeemable warrant.

The units will trade on the Nasdaq Global Market under the symbol "OTGAU" starting September 12, 2025. Upon separate trading, the Class A shares and warrants will trade under "OTGA" and "OTGAW" respectively. B. Riley Securities leads the offering as book-running manager, with Northland Capital Markets and Lake Street as joint book-runners. The underwriters have a 45-day option to purchase up to 3 million additional units for over-allotments.

Positive

• Substantial IPO size of $200 million indicates strong initial capitalization
• Listing on major exchange (Nasdaq) provides high visibility and liquidity
• Strong underwriting team with B. Riley Securities as lead manager
• Additional 3 million unit over-allotment option could increase total proceeds by 15%

Negative

• SPAC structure carries inherent risks of finding suitable acquisition target
• Potential shareholder dilution from warrant exercise
• Time-limited nature of SPAC requires completing acquisition within specified timeframe

Insights

SPAC & IPO Specialist

OTG Acquisition Corp. I launches a $200M SPAC IPO with standard terms, joining the continued flow of blank-check companies despite the mixed SPAC market performance.

OTG Acquisition Corp. I has priced its initial public offering at $200 million, offering 20 million units at $10.00 per unit on the Nasdaq Global Market. This follows the standard SPAC structure, with each unit comprising one Class A ordinary share and half a redeemable warrant. The underwriters have a 45-day option to purchase up to an additional 3 million units to cover potential over-allotments.

The offering is backed by a solid lineup of financial institutions, with B. Riley Securities leading as the book-running manager, supported by Northland Capital Markets and Lake Street as joint book-runners. This suggests institutional confidence in the SPAC despite the challenging market conditions many blank-check companies have faced recently.

While the press release provides the standard IPO details, it doesn't disclose OTG's acquisition strategy or target industry focus. This is typical for SPACs at this stage, though investors will be watching for signals about potential acquisition targets. The SPAC now joins dozens of others searching for private companies to bring public, with the standard 18-24 month timeline to complete a business combination or return capital to investors.

The $200 million raise puts OTG in the mid-tier of SPAC sizes, giving it sufficient capital to target meaningful acquisitions while remaining nimble enough to pursue opportunities that larger SPACs might overlook. With trading beginning immediately and separate trading of shares and warrants to follow, the market will soon provide its verdict on investor appetite for this latest blank-check offering.

NEW YORK, Sept. 12, 2025 (GLOBE NEWSWIRE) -- OTG Acquisition Corp. I (Nasdaq: OTGAU) (the “Company”), a special purpose acquisition company, today announced the pricing of its initial public offering of 20,000,000 units at $10.00 per unit. The units are expected to be listed on the Nasdaq Global Market (“Nasdaq”) and trade under the ticker symbol “OTGAU” beginning September 12, 2025. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “OTGA” and “OTGAW”, respectively.

The offering is expected to close on September 15, 2025, subject to customary closing conditions.

B. Riley Securities is serving as the lead book-running manager for the offering. Northland Capital Markets and Lake Street are serving as joint book-runners for the offering. The underwriters have been granted a 45-day option to purchase up to an additional 3,000,000 units offered by the Company to cover over-allotments, if any.

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 is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, 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.

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 proposed initial public offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering 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 preliminary prospectus for the Company’s 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

FAQ

What is the IPO price for OTG Acquisition Corp. I (OTGAU)?

OTG Acquisition Corp. I priced its IPO at $10.00 per unit, with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant.

How much money is OTG Acquisition Corp. I (OTGAU) raising in its IPO?

OTG Acquisition Corp. I is raising $200 million through its initial public offering of 20 million units, with potential for additional $30 million through over-allotment option.

When will OTGAU stock start trading on Nasdaq?

OTGAU units will begin trading on the Nasdaq Global Market on September 12, 2025.

Who are the underwriters for the OTGAU IPO?

B. Riley Securities is the lead book-running manager, with Northland Capital Markets and Lake Street serving as joint book-runners for the offering.

What is the structure of OTGAU's IPO units?

Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. The shares and warrants will eventually trade separately under symbols OTGA and OTGAW.