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-0.00049850448654028 -9.97008973078434E-06 -9.97008973078434E-06 1.77104370827542E-16 1.77104370827542E-16 1.77104370827542E-16 -0.000897308075772539 -0.00049850448654028
Stock impact report

OTG Acquisition Corp. I Announces Closing of $230,000,000 Initial Public Offering [Yahoo! Finance]

OTG Acquisition Corp. I - Unit (OTGAU) 
Company Research Source: Yahoo! Finance
I (Nasdaq: OTGAU) (the “Company”), a special purpose acquisition company, today announced the closing of its initial public offering of 23,000,000 units at $10.00 per unit, including 3,000,000 units sold pursuant to the full exercise of the underwriters' over-allotment option. The offering resulted in gross proceeds of $230,000,000. The units began trading on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “OTGAU” on September 12, 2025. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “OTGA” and “OTGAW”, respectively. Concurrently with the closing of the initial public offering, the Company closed on private placements of an aggregate of 775,000 units at a Show less Read more
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