OTG Acquisition Corp. I completed its initial public offering on September 15, 2025. The company sold 23,000,000 Units at $10.00 per Unit, including 3,000,000 Units issued from the underwriters' full exercise of the over-allotment option, generating gross proceeds of $230,000,000. Each Unit consists of one Class A ordinary share and one-half of a redeemable warrant, with each whole warrant exercisable to buy one Ordinary Share at $11.50 per share, subject to adjustment, beginning 30 days after the company completes its initial business combination.
The filing also references an audited balance sheet as of September 15, 2025, and an embedded Inline XBRL cover page interactive data file.
OTG Acquisition Corp. I Schedule 13G shows Linden-related entities and Siu Min (Joe) Wong collectively report substantial holdings in the issuer.
As of September 15, 2025, Linden Advisors and Mr. Wong are each deemed beneficial owners of 1,250,000 Class A ordinary shares, equal to approximately 5.3% of the 23,775,000 shares outstanding. Linden Capital and Linden GP are each deemed beneficial owners of 1,188,630 shares, about 5.0%. The holdings consist of 1,188,630 shares held by Linden Capital and 61,370 shares held in one or more Managed Accounts. All reporting persons state they have only shared voting and dispositive power, and the filing certifies the stakes were not acquired to change control of the issuer.
Steven Siesser filed a Form 3 reporting his initial beneficial ownership in OTG Acquisition Corp. I (OTGA/OTGAU). He controls OTG Acquisition Sponsor LLC (the "Sponsor") as managing member and reports indirect ownership of 500,000 Private Placement Units (each unit includes one Class A share and one-half warrant) and 5,750,000 Class A ordinary shares underlying Class B shares held by the Sponsor that convert one-for-one upon an initial business combination. Up to 750,000 Class B shares may be forfeited if underwriters do not fully exercise the over-allotment option. The filing includes a disclaimer that Siesser disclaims beneficial ownership except to the extent of his pecuniary interest.
Form 3 filing: Scott J. Troeller, identified as Director and Chief Executive Officer of OTG Acquisition Corp. I (OTGA), submitted an initial SEC Form 3 for the 09/11/2025 event date. The filing states no securities are beneficially owned by the reporting person and includes a Power of Attorney (Exhibit 24). The form is signed by Scott Troeller on 09/15/2025.
OTG Acquisition Corp. I completed its initial public offering of 23,000,000 units at $10.00 per unit, raising gross proceeds of $230,000,000. Each unit contains one Class A ordinary share and one-half of a redeemable warrant, with each whole warrant allowing the purchase of one share at $11.50 after the company completes its first business combination.
At the IPO closing, the company also sold 775,000 private placement units to its sponsor and underwriters for $7,750,000. In total, $231,150,000 of net proceeds from the IPO and the private placement was placed into a U.S. trust account to fund a future business combination within a 24‑month completion window. The company entered into its core IPO-related agreements, adopted amended and restated Cayman Islands governing documents, and appointed Richard Nottenburg to its board and key board committees alongside existing directors.