Workflow
OTG Acquisition(OTGAU)
icon
Search documents
Expedition Infrastructure Partners Supports OTG Acquisition Corp. I, a Newly Closed $230 mm SPAC Targeting the Digital Infrastructure Ecosystem
Prnewswire· 2025-09-17 20:45
Accessibility StatementSkip Navigation NEW YORK, Sept. 17, 2025 /PRNewswire/ --Â Expedition Infrastructure Partners ("XIP") is pleased to announce its role as strategic institutional advisor to OTG Acquisition Corp. I (NASDAQ: OTGAU, "OTG"), which has raised $230 millionin its recently closed initial public offering. OTG is targeting businesses across the Digital Infrastructure Services sector, a market experiencing unprecedented growth driven by data proliferation, artificial intelligence, high-performance ...
OTG Acquisition Corp. I Announces Closing of $230,000,000 Initial Public Offering
Globenewswire· 2025-09-15 20:30
Company Overview - OTG Acquisition Corp. I is a special purpose acquisition company targeting companies in the digital infrastructure services sector, focusing on areas driven by the expansion of data centers, digital infrastructure, power generation, and communication technology [9] Initial Public Offering (IPO) - The company closed its initial public offering of 23,000,000 units at $10.00 per unit, generating gross proceeds of $230,000,000, including 3,000,000 units from the underwriters' over-allotment option [1] - The units began trading on the Nasdaq Global Market under the ticker symbol "OTGAU" on September 12, 2025, with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant [2] - Each whole warrant allows the holder to purchase one Class A ordinary share at a price of $11.50 per share [2] Private Placement - Concurrently with the IPO, the company closed on private placements of 775,000 units at $10.00 per unit, resulting in gross proceeds of $7,750,000 [3] Financial Management - Of the net proceeds from the IPO and private placements, $231,150,000 was placed in trust, equating to $10.05 per unit sold in the public offering [7] Leadership and Advisory - The company is led by CEO Scott Troeller and CFO Joseph Dunfee, with support from strategic institutional advisor Expedition Infrastructure Partners, LLC, which has expertise in digital infrastructure and related sectors [4]
OTG Acquisition Corp. I Announces Pricing of $200,000,000 Initial Public Offering
Globenewswire· 2025-09-12 11:00
Company Overview - OTG Acquisition Corp. I is a public acquisition vehicle targeting companies in the digital infrastructure services sector, leveraging management's extensive investment and operational experience [5] Initial Public Offering (IPO) Details - The company announced the pricing of its IPO, offering 20,000,000 units at $10.00 per unit, with units expected to trade on Nasdaq under the ticker symbol "OTGAU" starting September 12, 2025 [1] - The offering is expected to close on September 15, 2025, subject to customary closing conditions, with B. Riley Securities acting as the lead book-running manager [2] - Underwriters have a 45-day option to purchase up to an additional 3,000,000 units to cover over-allotments [2] Regulatory and Compliance Information - A registration statement on Form S-1 related to these securities was filed with the SEC and declared effective on September 11, 2025, with the offering being made only by means of a prospectus [3]