OTG Acquisition Corp. I Launches Major Initial Public Offering

Author: Henry Turner Updated: 09-12-2025 07:02 AM

OTG Acquisition Corp. I Announces Successful Initial Public Offering

NEW YORK -- OTG Acquisition Corp. I (NASDAQ: OTGAU) recently made headlines by pricing its initial public offering (IPO) at a substantial $200 million. The company, which operates as a special purpose acquisition company (SPAC), is set to list its 20 million units on the Nasdaq Global Market, with trading expected to commence soon.

Details of the Offering

The announced price for each unit is set at $10.00. Each unit comprises one Class A ordinary share along with one-half of one redeemable warrant. As soon as the components of the units initiate separate trading, they will be listed under different ticker symbols: Class A ordinary shares will be identified as NASDAQ: OTGA and warrants as NASDAQ: OTGAW. This strategic positioning is poised to attract considerable investor interest.

Closing and Underwriting Information

The offering is projected to reach its closing date shortly, pending the usual closing parameters. Notably, B. Riley Securities serves as the lead book-running manager, while Northland Capital Markets and Lake Street are joined as co-managers for this significant offering. Additionally, the underwriters have a 45-day option to acquire up to 3 million additional units if necessary to meet demand.

Registration and Availability

A registration statement on Form S-1 related to the securities has already been submitted to the Securities and Exchange Commission (SEC) and was declared effective just days ago. Investors can look forward to obtaining the prospectus from B. Riley Securities, located at 1300 North 17th Street, Suite 1300, Arlington, Virginia, or by contacting them directly.

OTG Acquisition Corp. I's Mission

OTG Acquisition Corp. I aims to strategically target companies within the digital infrastructure services industry. The management team boasts extensive experience in investments and operations in this sector. The company is focusing its efforts on segments that are fueled by burgeoning demands for data centers, advanced digital infrastructure, enhanced power generation, and cutting-edge communication technologies.

Strategic Objectives

By positioning itself within these growing industries, OTG Acquisition Corp. I is set to leverage market opportunities and drive growth. The acceleration of digital transformation across various sectors serves as a backdrop for their ambitions in this field, providing the company with a robust framework to pursue potential acquisitions.

Frequently Asked Questions

What is the total amount being raised in the IPO?

The IPO is priced at a total of $200 million with each unit set at $10.

What will be the ticker symbols for the Class A shares and warrants?

Class A ordinary shares will trade under NASDAQ: OTGA, while the warrants will be listed as NASDAQ: OTGAW.

Who is the lead underwriter for this offering?

B. Riley Securities is the lead book-running manager overseeing the IPO.

What sectors is OTG Acquisition Corp. I targeting?

The company is focusing on digital infrastructure services and related sectors driven by expansion in data centers and communication technologies.

Where can investors find the prospectus?

Investors can request a copy of the prospectus from B. Riley Securities directly or through their contact information provided in the announcement.

About The Author

Hi there, As a writer and financial specialist, Henry Turner is passionate about guiding people through the complex world of finance. Having worked in finance for many years, I am an expert at simplifying difficult financial ideas into understandable, useful insights for my blog and articles. My goal is to arm you with the confidence and information you need to make wise financial choices.

Writing for a number of financial blogs has allowed me to interact with readers from novice investors looking for fresh ideas to seasoned investors starting their financial journeys. My mission is to enable everyone to understand and access finance, so enabling you to confidently and clearly reach your financial goals. I appreciate you traveling with me toward success and financial literacy.

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