{"id":744375,"date":"2023-03-31T16:33:59","date_gmt":"2023-03-31T20:33:59","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/oceantech-acquisitions-i-corp-confirms-funding-to-extend-period-to-consummate-initial-business-combination-5\/"},"modified":"2023-03-31T16:33:59","modified_gmt":"2023-03-31T20:33:59","slug":"oceantech-acquisitions-i-corp-confirms-funding-to-extend-period-to-consummate-initial-business-combination-5","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/oceantech-acquisitions-i-corp-confirms-funding-to-extend-period-to-consummate-initial-business-combination-5\/","title":{"rendered":"OceanTech Acquisitions I Corp. Confirms Funding to Extend Period to Consummate Initial Business Combination"},"content":{"rendered":"

<\/p>\n

OceanTech Acquisitions I Corp. Confirms Funding to Extend Period to Consummate Initial Business Combination<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nOceanTech Acquisitions I Corp. (\u201cOceanTech\u201d or the \u201cCompany\u201d) (Nasdaq: OTEC\/OTECU \/ OTECW), a special purpose acquisition company, today announced that on March 28, 2023 it caused to be deposited $125,000 into the Company\u2019s 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 April 2, 2023 to May 2, 2023 (the \u201cExtension\u201d). The Extension is the fifth of six-monthly extensions permitted under the Company\u2019s governing documents.\n<\/p>\n

Cautionary Statement Regarding Forward-Looking Statements<\/b><\/p>\n

\nThis press release contains statements that constitute \u201cforward-looking statements,\u201d 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\u2019s registration statement and preliminary prospectus for the Company\u2019s offering filed with the SEC. Copies of these documents are available on the SEC\u2019s website, www.sec.gov<\/a>. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230331005427\/en\/<\/a><\/span><\/p>\n

\nInvestor Relations
\n
Lena Cati
\n
The Equity Group, Inc.
\n
(212) 836-9611
\n
lcati@equityny.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

OceanTech Acquisitions I Corp. Confirms Funding to Extend Period to Consummate Initial Business Combination NEW YORK–(BUSINESS WIRE)– OceanTech Acquisitions I Corp. (\u201cOceanTech\u201d or the \u201cCompany\u201d) (Nasdaq: OTEC\/OTECU \/ OTECW), a special purpose acquisition company, today announced that on March 28, 2023 it caused to be deposited $125,000 into the Company\u2019s 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 April 2, 2023 to May 2, 2023 (the \u201cExtension\u201d). The Extension is the fifth of six-monthly extensions permitted under the Company\u2019s governing documents. Cautionary Statement Regarding Forward-Looking Statements This press release contains statements that constitute \u201cforward-looking statements,\u201d including … <\/p>\n

Continue reading “OceanTech Acquisitions I Corp. Confirms Funding to Extend Period to Consummate Initial Business Combination”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-744375","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nOceanTech Acquisitions I Corp. 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(\u201cOceanTech\u201d or the \u201cCompany\u201d) (Nasdaq: OTEC\/OTECU \/ OTECW), a special purpose acquisition company, today announced that on March 28, 2023 it caused to be deposited $125,000 into the Company\u2019s 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 April 2, 2023 to May 2, 2023 (the \u201cExtension\u201d). The Extension is the fifth of six-monthly extensions permitted under the Company\u2019s governing documents. Cautionary Statement Regarding Forward-Looking Statements This press release contains statements that constitute \u201cforward-looking statements,\u201d including … Continue reading "OceanTech Acquisitions I Corp. 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