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

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Mar 02, 2023

OceanTech Acquisitions I Corp. (“OceanTech” or the “Company”) (Nasdaq: OTEC / OTECU / OTECW), a special purpose acquisition company, today announced that it caused to be deposited $125,000 into the Company’s Trust account for its public stockholders, representing $0.067 per public share, allowing the Company to extend the period of time it has to consummate its initial business combination by one month from March 2, 2023 to April 2, 2023 (the “Extension”). The Extension is the fourth of six-monthly extensions permitted under the Company’s governing documents.