September 17, 2025 - B. Riley Securities, Inc., a leading middle market investment bank, is proud to have served as lead book-running manager in the initial public offering of OTG Acquisition Corp. I (Nasdaq: OTGAU). The offering consisted of 23,000,000 units priced at $10.00 per unit, including 3,000,000 units sold pursuant to the full exercise of the underwriters' over-allotment option, generating gross proceeds of $230 million.
The units began trading on the Nasdaq Global Market under the ticker symbol "OTGAU" on September 12, 2025, and the transaction successfully closed on September 15, 2025.
OTG Acquisition Corp. I is a special purpose acquisition company focused on identifying and acquiring businesses in the digital infrastructure services sector, where its leadership team brings deep investment and operational expertise.
This deal underscores B. Riley Securities' continued strength in leading SPAC offerings and supporting clients across dynamic, high-growth industries.
B. Riley Securities' banking team was led by Jonathan Mitchell, Alex Shaffer and included Henry Gullen.
Our Capital Markets team was led by Ryan Aceto and included Dawn Farrell, Sam Cook and Forbes Aggabao.
To learn more about the
transaction, read here.
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