TRADING QUOTES 6:17 AM April 20, 2024
IPO Terms Details
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SPAC Name : OceanTech Acquisitions I Corp. *
| Total Public Proceeds at IPO($mm): | 103.3 |
| %Held in Trust: | 101.0 |
| $Held in Trust per Unit: | $ 10.10 |
| Mgmt's Sector Expertise/Focus: | BioTech |
| IPO Date: | 2021-05-28 |
| Months to Complete: | 12 |
| Deadline Date: | 2024-05-02 |
| Unit Structure (OTECU) | |
| Share (OTEC): | 1 Share Class A Common Stock |
| Warrant (OTECW) | 1 Warrant |
| Right() | |
| Public Warrant Terms: | |
| Exercise Price: | 11.500000000 |
| Redemption Price: | Cash/Cashless: $18.00 |
| Redemption: Cash, Cashless or for Shares | Mgmt's Discretion |
| Underwriters: | |
| Book-runner(s): | Maxim Group |
| Co-Manager(s): | |
| Fees (Upfront/Deferred): | 2%/3.5% |
| Lawyers: | |
| Issuer's Counsel: | Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. |
| Underwriter's Counsel: | Ellenoff Grossman & Schole LLP |
| Additional Terms: | Crescent Term: $9.20, Limitation on redemption rights: 15%, Can extend an additional 6 months at $0.15/share |
SPAC Name: OceanTech Acquisitions I Corp. *
| CURRENT FUNDS in TRUST: | $203,916* |
| EST. PRO RATA AMOUNT IN TRUST: | $16.44* |
| IMPLIED ENTERPRISE VALUE: | $96 million |
| RECORD DATE: | TBD |
| SHAREHOLDER VOTE DATE: | TBD |
| SPAC NameSource: SEC.gov filings and SPAC Insider estimates | |
|---|---|
TRADING QUOTES Business CombinationIPO Terms Details SPAC name: %spacname% CURRENT FUNDS in TRUST: $%ending_trust_ball%* EST. PRO RATA AMOUNT IN TRUST: $%implied_cash_per_share%* IMPLIED ENTERPRISE VALUE: %impliedenterprisevalue% RECORD DATE: %businesscombinationrecorddate% SHAREHOLDER VOTE DATE: %businesscombinationshareholdervotedate% Source: SEC.gov filings and SPAC Insider estimates SPAC name: %spacname% Total Public Proceeds at IPO ($mm): %total% % Held in Trust:
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