OceanTech Acquisitions I Corp. Announces Termination of Merger Agreement with Majic Wheels Corp.

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Feb 06, 2023

OceanTech Acquisitions I Corp. (“OceanTech” or the “Company”) (Nasdaq: OTEC / OTECU / OTECW), a special purpose acquisition company, today announced that its previously announced agreement and plan of merger (the “Merger Agreement”) with Majic Wheels Corp. (“Majic Wheels”) has been terminated by mutual agreement of all relevant parties. As a result, OceanTech will seek an alternative business combination.