secwatch.observer — SEC 8-K summary
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Issuer:     OceanTech Acquisitions I Corp. (—)
CIK:        0001846809
Form:       8-K
Filed at:   2023-05-30T23:59:59+00:00
Accession:  0001753926-23-000749
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.03, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OceanTech SPAC stockholders approve extension to June 2024; ~1M shares redeemed for $11.2M
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- Stockholders approved extension of business combination deadline from June 2, 2023 to June 2, 2024 via up to 12 monthly extensions.
- Sponsor to deposit $30,000 per monthly extension; $360,000 non-interest loan provided for extension payments.
- 1,035,788 shares of Class A common stock redeemed at ~$10.84 per share, aggregate ~$11,233,820.
- Trust account balance after redemptions: approximately $8,814,443.
- Amended charter and trust agreement filed to permit monthly extensions through June 2, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846809/000175392623000749/0001753926-23-000749-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846809/000175392623000749/g083562_8k.htm
  HTML page:      https://secwatch.observer/filing/0001753926-23-000749

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