OceanTech Acquisitions I Corp. Announces Redemption of Shares
07 Juni 2023 - 3:29PM
Business Wire
OceanTech Acquisitions I Corp. (“OceanTech” or the “Company”)
(Nasdaq: OTEC/OTECU/OTECW), a special purpose acquisition company,
today announced that on May 30, 2023, at the special meeting of the
stockholders of the Company, holders of 1,035,788 shares of Class A
common stock of the Company (the “Redeeming Stockholders”)
exercised the right to redeem such shares. On June 2, 2023, the
Company made cash payments to the Redeeming Stockholders totaling
$11,233,820 representing approximately $10.84 per share. Following
such payments to the Redeeming Stockholders, the Company’s trust
account had a balance of approximately $8,814,443.
About OceanTech Acquisitions I Corp.
OceanTech is a blank check company formed for the purposes of
effecting a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization, or similar business combination
with one or more businesses, with a focus on companies in the
technology industry. The Company is sponsored by Aspire Acquisition
LLC.
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Investor Relations Lena Cati The Equity Group, Inc. (212)
836-9611 lcati@equityny.com
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