OTG Acquisition Corp. I Announces Pricing of $200,000,000 Initial Public Offering
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.
OTG Acquisition Corp. I (Nasdaq: OTGAU), una SPAC, ha annunciato il prezzo della sua offerta pubblica iniziale da 200 milioni di dollari. L'azienda offre 20 milioni di unità a 10,00 USD per unità, ciascuna unità composta da una azione ordinaria di Classe A e una metà di un warrant rimborsabile.
Le unità saranno negoziate sul Nasdaq Global Market con il simbolo "OTGAU" a partire dal 12 settembre 2025. Una volta negoziate separatamente, le azioni Classe A e i warrant finiranno per essere negoziati rispettivamente come "OTGA" e "OTGAW". B. Riley Securities guida l'offerta come book-running manager, con Northland Capital Markets e Lake Street come joint book-runners. Gli underwriter hanno un'opzione di 45 giorni per acquistare fino a 3 milioni di unità aggiuntive per over-allotment.
OTG Acquisition Corp. I (Nasdaq: OTGAU), una SPAC, ha anunciado el precio de su oferta pública inicial de 200 millones de dólares. La empresa ofrece 20 millones de unidades a 10,00 USD por unidad, cada unidad comprende una acción ordinaria de Clase A y una media de una warrant redimible.
Las unidades se negocian en el Nasdaq Global Market bajo el símbolo "OTGAU" a partir del 12 de septiembre de 2025. Al negociarse por separado, las acciones Clase A y los warrants se negociarán con los símbolos "OTGA" y "OTGAW". B. Riley Securities encabeza la oferta como book-running manager, con Northland Capital Markets y Lake Street como joint book-runners. Los suscriptores tienen una opción de 45 días para comprar hasta 3 millones de unidades adicionales para sobreasignación (over-allotment).
OTG Acquisition Corp. I (나스닥: OTGAU)는 SPAC로서 2억 달러의 초기 공모 가격을 발표했습니다. 회사는 단위당 100달러의 2000만 단위를 제공합니다. 각 단위에는 Class A 일반주 1주와 상환가능 와랜트 1/2주가 포함됩니다.
단위는 나스닥 글로벌 마켓에서 심볼 "OTGAU"로 2025년 9월 12일부터 거래되며, 분리 거래 시 Class A 주식과 와랜트는 각각 "OTGA"와 "OTGAW"로 거래됩니다. B. Riley Securities가 북런닝 매니저로서 공모를 주도하고, Northland Capital Markets와 Lake Street가 공동 북런너로 참여합니다. 인수자는 과잉 배정(over-allotment)을 위해 최대 300만 단위를 추가로 매입할 수 있는 45일의 옵션을 보유합니다.
OTG Acquisition Corp. I (Nasdaq: OTGAU), une SPAC, a annoncé le prix de son offre publique initiale de 200 millions de dollars. La société propose 20 millions d'unités à 10,00 dollars l'unité, chaque unité comprenant une action ordinaire de Classe A et une demi-burde de warrant rachetable.
Les unités seront négociées sur le Nasdaq Global Market sous le symbole "OTGAU" à partir du 12 septembre 2025. Lorsqu'elles seront négociées séparément, les actions Classe A et les warrants seront échangées sous les symboles "OTGA" et "OTGAW" respectivement. B. Riley Securities pilote l'offre en tant que chef de ligne de livres, avec Northland Capital Markets et Lake Street comme joint book-runners. Les souscripteurs disposent d'une option de 45 jours pour acheter jusqu'à 3 millions d'unités supplémentaires en cas d'excédent.
OTG Acquisition Corp. I (Nasdaq: OTGAU), eine SPAC, hat den Preis seiner 200-Mio.-Dollar-IPO bekanntgegeben. Das Unternehmen bietet 20 Millionen Einheiten zu je 10,00 USD pro Einheit an, wobei jede Einheit eine Class-A-Aktie und eine Hälfte eines rückzahlbaren Warrants enthält.
Die Einheiten werden ab dem Nasdaq Global Market unter dem Symbol "OTGAU" gehandelt, beginnend am 12. September 2025. Nach separatem Handel werden die Class-A-Aktien und die Warrants unter "OTGA" bzw. "OTGAW" gehandelt. B. Riley Securities führt das Angebot als Book-Running-Manager an, Northland Capital Markets und Lake Street fungieren als Joint Book-Runners. Die Underwriter haben eine 45-tägige Option, bis zu 3 Millionen zusätzliche Einheiten für Überallokationen zu zeichnen.
OTG Acquisition Corp. I (ناسداك: OTGAU)، شركة استحواذ ذات غرض خاص (SPAC)، أعلنت عن تسعير عرضها العام الأولي بقيمة 200 مليون دولار. الشركة تعرض 20 مليون وحدة بسعر 10.00 دولارات للوحدة، تتكوّن كل وحدة من سهم عادي من الفئة أ ونصف وارنـت قابل للإلغاء.
ستتداول الوحدات في سوق ناسداك العالمي بالرمز "OTGAU" اعتباراً من 12 سبتمبر 2025. عند التداول المنفصل، ستتداول أسهم الفئة أ والـ Warrants بالرمزين "OTGA" و"OTGAW" على التوالي. تقود B. Riley Securities العرض كمدير دفتر الاوامر، وتشارك Northland Capital Markets وLake Street كمنسقين مشتركين. يملك المدققون خياراً لمدة 45 يوماً لشراء ما يصل إلى 3 ملايين وحدة إضافية كأمر لإعادة التوزيع (over-allotment).
OTG Acquisition Corp. I (纳斯达克：OTGAU)，一家特殊目的收购公司（SPAC），已宣布其<翌>2亿美元首次公开募股（IPO）定价。公司提供<2000万单位，每单位10.00美元，每单位包含1股A类普通股及半个可赎回认股权证。
这些单位将于<在纳斯达克全球市场以代码“OTGAU”交易，起始日期为2025年9月12日。一旦分拆交易，A类股和认股权证将分别以“OTGA”和“OTGAW”交易。B. Riley Securities 作为主承销商带头经营，Northland Capital Markets 与 Lake Street 担任联席账簿管理人。承销商具备在45天内购买多达< b>300万单位的超额配售权。
- 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%
- 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
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
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
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
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
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