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 Closing of $230,000,000 Initial Public Offering