OceanTech Acquisitions I Corp. Confirms Funding to Extend Period to Consummate Initial Business Combination
02 März 2023 - 11:53PM
Business Wire
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.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
proposed initial public offering and the anticipated use of the net
proceeds. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all, or that
the net proceeds of the offering will be used as indicated.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company’s registration
statement and preliminary prospectus for the Company’s offering
filed with the SEC. Copies of these documents are available on the
SEC’s website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230302005810/en/
Investor Relations Lena Cati The Equity Group, Inc. (212)
836-9611 lcati@equityny.com
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