NEW YORK, Oct. 29, 2025 (GLOBE NEWSWIRE) -- OTG Acquisition Corp. I (Nasdaq: OTGAU) (the “Company”), a special purpose acquisition company, today announced that, commencing on or about November 3, 2025, holders of the units sold in the Company’s initial public offering completed on September 15, 2025 (the “offering”), may elect to separately trade the ordinary shares and warrants included in the units. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The ...

Financial Performance - The company reported a net loss of $14,514 for the period from June 12, 2025, to June 30, 2025, primarily due to general and administrative costs[122]. - The company has no long-term debt or off-balance sheet arrangements as of June 30, 2025[131]. - The company has a contractual obligation to pay $20,000 per month for office space and administrative services[132]. Initial Public Offering (IPO) - The Initial Public Offering (IPO) generated gross proceeds of $230,000,000 from the sale of 23,000,000 Units, including the full exercise of the over-allotment option[124]. - An additional $7,750,000 was raised from the sale of 775,000 Private Placement Units at $10.00 per unit[124]. - Total funds placed in the Trust Account after the IPO amounted to $231,150,000, with transaction costs incurred totaling $5,370,179[126]. - The underwriters were granted a 45-day option to purchase up to 3,000,000 additional Units, which was fully exercised[133]. - The company will pay underwriters a cash fee of 4.0% of the gross proceeds of the IPO, amounting to $9,200,000, upon the consummation of the initial Business Combination[134]. Future Plans - The company intends to use substantially all funds in the Trust Account to complete its Business Combination and for working capital purposes[127]. - The company does not anticipate needing to raise additional funds for operating expenditures prior to the Business Combination[130].

Core Insights - Expedition Infrastructure Partners ("XIP") serves as a strategic institutional advisor to OTG Acquisition Corp. I, which has successfully raised $230 million in its initial public offering, targeting the rapidly growing Digital Infrastructure Services sector [1][6] - OTG aims to focus on established companies that provide essential products and services in IT infrastructure, power systems, connectivity, environmental controls, IT services, and engineering and construction, which are critical for next-generation data centers [2][6] - The digital infrastructure market is at a pivotal inflection point, with significant demand for computing power, connectivity, and energy management driven by artificial intelligence and data growth, presenting extraordinary opportunities for businesses in this ecosystem [3][6] Company Overview - OTG Acquisition Corp. I is a newly formed special purpose acquisition company focused on the expanding Digital Infrastructure Services sector, led by a management team with extensive investment, operational, and transactional expertise [6] - The company intends to identify and merge with an established, scalable business that provides mission-critical products and services supporting data centers and related infrastructure [6] - XIP will collaborate closely with OTG's board of directors to source and execute transactions in companies well-positioned to thrive in the evolving digital landscape [4]

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]

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]