Welcome to our dedicated page for OTG ACQUISITION I news (Ticker: OTGAW), a resource for investors and traders seeking the latest updates and insights on OTG ACQUISITION I stock.
OTG Acquisition Corp. I, associated with the warrant ticker OTGAW, is a special purpose acquisition company that has described itself as a public acquisition vehicle focused on digital infrastructure services and related sectors. Its news flow is centered on capital markets activity and its progress as a SPAC, rather than on traditional operating results.
News items for OTG Acquisition Corp. I include announcements about its initial public offering of units on the Nasdaq Global Market, the structure of those units, and the listing of its Class A ordinary shares and redeemable warrants under the symbols OTGA and OTGAW. Coverage also highlights the placement of offering proceeds into a trust account and the role of underwriters and advisors involved in the transaction.
Because the company is a blank check entity, future news is likely to focus on steps toward identifying and executing a business combination in its stated focus areas. This may include updates on its search for a target in digital infrastructure services, data center-related businesses, power generation linked to digital infrastructure, communication technology and related ecosystems.
On this news page, readers can review capital markets announcements, offering details, and other corporate communications that describe how OTG Acquisition Corp. I is progressing toward its objective of completing a business combination. Investors tracking the OTGAW warrants or the company’s units and shares can use this page as a central place to follow official press releases and related updates about the SPAC’s activities.
OTG Acquisition Corp. I (NASDAQ:OTGAU) announced that, commencing on or about November 3, 2025, holders of units from its September 15, 2025 IPO may elect to separately trade the ordinary shares and warrants included in each unit.
Separated ordinary shares will trade under OTGA and separated warrants under OTGAW; unsplit units will continue trading as OTGAU. No fractional warrants will be issued upon separation and only whole warrants will trade. Holders must have their brokers contact Continental Stock Transfer & Trust Company, the transfer agent, to effect separation. A related registration statement was declared effective by the SEC on September 11, 2025. This announcement is not an offer or solicitation where unlawful prior to registration.
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), 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.
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