OceanTech Acquisitions I Corp. (Nasdaq: OTECU) (“OceanTech” or the “Company”) today announced the pricing of its initial public offering of 10,000,000 units at a price of $10.00 per unit. The units are expected to be listed on The Nasdaq Capital Market (“Nasdaq”) and trade under the ticker symbol “OTECU” beginning May 28, 2021. Each unit consists of one share of Class A common stock and one redeemable warrant. Each warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be traded on the Nasdaq under the symbols “OTEC” and “OTECW,” respectively.
OceanTech Acquisitions I Corp. Announces Pricing of $100.0 Million Initial Public Offering
May 28, 2021
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