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OceanTech Acquisitions I Priced, Nasdaq: OTAC

Blank check company targeting the leisure marine, yachting, and superyachting industries (liquidated).

Industry: SPAC

First Day Return: -0.2%

We are a blank check company formed under the laws of the State of Delaware on February 3, 2021. We were formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities, which we refer to as a “target business.” We may pursue a business combination opportunity in any business or industry we choose and intend to target businesses with enterprise values of approximately $250 million to $1.0 billion. To date, our efforts have been limited to organizational activities as well as activities related to this offering. None of our officers, directors, promoters and other affiliates has engaged in any substantive discussions on our behalf with representatives of other companies regarding the possibility of a potential business combination with us. We intend to focus our search for an initial business combination on private companies involved in the leisure marine, yachting and superyachting industries that have either positive operating cash flow or compelling unit economics combined with a clear path to positive operating cash flow, tangible or intangible assets with significant barriers to entry, and experienced incentivized management teams.
IPO Data
IPO Date 05/27/2021
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $100
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters New York, NY, United States
Founded 2021
Employees at IPO 4

OceanTech Acquisitions I (OTAC) Performance

Created with Highcharts 10.3.2Chart context menuOTAC vs. IPO Index (IPOUSA)Jul '21Oct '21Jan '22Apr '22Jul '22Oct '22Jan '23Apr '23Jul '23Oct '23Jan '24Apr '24Jul '24Oct '24Jan '25Apr '250%-100%-50%+ 50%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexOur ETF tracks the IPO Index