Our Cayman Islands corporate team acted for OTG Acquisition
Corp. I, a special purpose acquisition company (SPAC), on its
US$230m initial public offering on NASDAQ under the ticker OTGAU.
The offering consisted of 23m units priced at US$10 per unit.
Alongside the IPO, the company closed a private placement of
775,000 units at US$10 each, raising an additional
$7.75m.
The company was formed by Wes Cummins, Steven Siesser and Scott
Troeller, and is being led by Scott Troeller, as its chief
executive officer and Joseph Dunfee, as its chief financial
officer. The management team will be supported by its strategic
institutional advisor, Expedition Infrastructure Partners, LLC
(XIP), who will work closely with its strategic partners and OTG
board of directors to target companies in the digital
infrastructure services sector.
Lowenstein Sandler LLP acted as U.S. counsel, with B. Riley
Securities as lead book-running manager and Northland Capital
Markets and Lake Street Capital Markets as joint bookrunners.
Our team was led by Cayman corporate partner Jason Allison and associate Samantha Currie.
PRESS RELEASE
29 September 2025
Advising OTG Acquisition Corp. I On Its US$230m NASDAQ IPO
Walkers
Contributor
Walkers is a leading international law firm which advises on the laws of Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Ireland and Jersey. From our 10 offices, we provide legal, corporate and fiduciary services to global corporations, financial institutions, capital markets participants and investment fund managers.
Our Cayman Islands corporate team acted for OTG Acquisition Corp. I, a special purpose acquisition company (SPAC), on its US$230m initial public offering on NASDAQ under the ticker OTGAU.