OTG Acquisition Corp. I completes $230M IPO, $231.15M trust established

OTG Acquisition Corp. I

IPO of 23,000,000 units at $10.00, gross proceeds $230M; includes full exercise of underwriters' over-allotment.
Concurrent private placement of 775,000 units at $10.00 to sponsor and underwriters raised $7.75M.
Total trust proceeds of $231.15M ($10.05 per public unit) placed with Continental Stock Transfer; funds locked until business combination or liquidation.
Company targets digital infrastructure services (data centers, power generation, communication tech) for initial business combination.
Richard Nottenburg appointed to board as independent director; Audit, Compensation, Nominating committees formed.

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