OceanTech Acquisitions I announces the start of separate trading of its Class A common shares and warrants on July 19, 2021 (Form 8-K)
OceanTech Acquisitions I Corp. announces the start of separate trading of its Class A common shares and warrants on July 19, 2021
NEW YORK, NY. – July 16, 2021 – OceanTech Acquisitions I Corp. (Nasdaq: OTECU) (the “Company”) announced that effective July 19, 2021, holders of units (“units”) issued under the Company’s initial public offering may elect to trade separately in shares of the Class A common shares of the Company, with a par value of $ 0.0001 per share (the “Class A common shares”) and redeemable warrants (“public warrants” ) included in the units. Each unit consists of one Class A common share and one public warrant, each public warrant entitling its holder to purchase one Class A common share at a price of $ 11.50 per share. Non-segregated units will continue to trade on the Nasdaq Capital Market under the symbol “OTECU”. The Class A Common Shares and the Public Warrants will trade on the Nasdaq Capital Market under the symbols “OTEC” and “OTECW”, respectively. Unitholders should instruct their brokers to contact Continental Stock Transfer & Trust Company, the transfer agent of the Company, in order to separate the units into Class A common shares and public warrants.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of any such state or jurisdiction.
About OceanTech Acquisitions I Corp.
OceanTech Acquisitions I Corp. is a newly incorporated blank check company for the purpose of effecting a merger, stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While he may pursue an initial goal of business combination in any business, industry or geographic location, he intends to focus his research on target businesses in the boating, marine yachting and superyacht, and with enterprise values of around $ 250 million to $ 1.0 billion. The Company is sponsored by OceanTech Acquisitions I Sponsors LLC, a subsidiary of investor and entrepreneur Joseph Adir.
This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and the Section 21E of the Securities Act of 1933. Foreign Exchange Act of 1934, as amended. Statements regarding possible business combinations and their financing, and related matters, and all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, ” could ”,“ could ”,“ could ”,“ possible ”,“ potential ”,“ foresee ”,“ project ”,“ should ”,“ should ”and similar expressions, with regard to us or our management team, identify forward-looking statements. These forward-looking statements are based on the beliefs of management, as well as on the assumptions made by the management of the Company and on the information currently available to the latter. Actual results could differ materially from those contemplated by forward-looking statements due to certain factors detailed in documents filed by the Company with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or to persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set out in the Risk Factors section of the Company’s registration statement and prospectus for the initial public offering. of the Company filed with the SEC. The Company assumes no obligation to update these statements for revisions or changes after the date of this posting, except as required by law.
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Oceantech Acquisitions I Corp. published this content on July 16, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on July 16, 2021 08:08:06 PM UTC.