OceanTech Acquisitions I Corp. Confirms Funding to Extend Period to Consummate Initial Business Combination

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Jun 02, 2022

OceanTech Acquisitions I Corp. (“OceanTech” or the “Company”) (Nasdaq: OTECU), a special purpose acquisition company, today announced that it has caused to be deposited $1,548,900 into the Company’s Trust account for its public stockholders, representing $0.15 per public share, allowing the Company to extend the period of time it has to consummate its initial business combination by six months from June 2, 2022 to December 2, 2022 (the “Extension”). The Extension is permitted under the Company’s governing documents.