Lowenstein Represents SPAC Company OTG Acquisition Corp. I in $230M IPO

Lowenstein Sandler represented OTG Acquisition Corp. I (Nasdaq: OTGAU), a special purpose acquisition company, in its initial public offering of 23,000,000 units at $10.00 per unit for aggregate gross proceeds of $230 million. The units began trading on Nasdaq's Global Market under the ticker symbol "OTGAU" on Sept. 12, 2025.

B. Riley Securities served as the lead book-running manager with Northland Capital Markets and Lake Street as joint book-runners for the offering. The offering closed on Sept. 15, 2025.

OTG Acquisition Corp. I is a public acquisition vehicle that intends to target companies in the digital infrastructure services sector where its management has extensive investment and operational experience.

The Lowenstein team included Daniel L. Forman, Perry Laub, Bonnie E. Schipper, and Hannah Pastore.