OTG Acquisition Corp. I announced the pricing of its initial public offering of 20,000,000 units at $10.00 per unit.
The offering is expected to close on September 15, 2025, subject to customary closing conditions.
Riley Securities is the lead book-running manager for the offering with Northland Capital Markets and Lake Street as joint book-runners.
Offering Details
Initial public offering of 20,000,000 units at $10.00 per unit with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant.
Listing Information
Units expected to be listed on the Nasdaq Global Market under the ticker symbol 'OTGAU' with Class A ordinary shares and warrants trading separately under symbols 'OTGA' and 'OTGAW'.
Underwriter Option
Underwriters granted a 45-day option to purchase up to an additional 3,000,000 units to cover over-allotments.
- OTG Acquisition Corp. I targets companies in the digital infrastructure services sector.
- Focus on sectors driven by data centers, digital infrastructure, power generation, communication technology, and related ecosystems.
OTG Acquisition Corp. I's initial public offering marks an important milestone in the digital infrastructure sector, reflecting market confidence in its strategic focus and management expertise.