OTG Acquisition I, a blank check company formed by XIP targeting digital infrastructure services, filed on Monday with the SEC to raise up to $200 million in an initial public offering.
The company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
OTG Acquisition I is led by CEO and Director Scott Troeller, co-founder and Managing Partner of Expedition Infrastructure Partners (XIP), a firm that seeks to accelerate private investment into the next generation of infrastructure markets and adjacent ecosystems. The SPAC plans to target sectors whose growth is primarily driven by the expansion of data centers, digital infrastructure, power generation, communication technology, and their related ecosystems, which it refers to as the "digital infrastructure services" sector.
The Palm Beach Gardens, FL-based company was founded in 2025 and plans to list on the Nasdaq under the symbol OTGAU. OTG Acquisition I filed confidentially on July 14, 2025. B. Riley Securities, Northland Securities, and Lake Street Capital Markets are the joint bookrunners on the deal.
