07:28 AM EDT, 09/12/2025 (MT Newswires) -- OTG Acquisition (OTGAU), a special purpose acquisition company, said Friday it priced its initial public offering of 20 million units at $10 each, for gross proceeds of $200 million.

Each unit consists of one class A ordinary share and one-half of one redeemable warrant, the company said.

IPO underwriters have a 45-day overallotment option to purchase up to 3 million additional units.

The company expects its units to start trading on the Nasdaq Global Market under the ticker symbol "OTGAU" on Friday, while the IPO is expected to close Sept. 15.