OTG Acquisition Corp. I Unit (OTGAU), a public acquisition vehicle, priced its initial public offering of 20 million units at $10 per unit. The offering is expected to close on September 15.
The units are expected to begin trading on the Nasdaq Global Market under the ticker "OTGAU" on September 12.
Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Once the securities separate, the Class A shares and warrants are expected to trade under the symbols "OTGA" and "OTGAW," respectively.
The underwriters have a 45-day option to purchase up to an additional 3 million units to cover over-allotments.
For comments and feedback contact: editorial@rttnews.com
Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.