The SPAC’s offer of 10 million units priced at $10 each will be used to fund the acquisition of a business with an enterprise value of approximately $500 million to $2.5 billion. The company is sponsored by OTR Acquisition Sponsor, an affiliate of investor and entrepreneur Nicholas J. Singer and Purchase Capital. Read more.
Related Posts
Kensington Capital Amends Proxy With QuantumScape
Kensington's amended filing adds a proxy card for shareholders voting on the SPAC's proposed merger with QuantumScape.
Golden Arrow Merger Holds $20M Out of an Initial $250M Raise as Extension Vote Looms
Golden Arrow raised $250 million in an IPO two years ago to focus on healthcare or healthcare-related infrastructure industries in the United States and other developed countries.
INSU III Shares & Warrants to Begin Trading Separately
The SPAC is targeting insurance distribution businesses, regulated insurance or reinsurance businesses, and insurance related technology companies.
26 Capital and Tiger Resort Asia Waive Merger Termination Rights
This move follows an announcement by the SPAC two weeks ago that its shareholder meeting to vote on the proposed merger has been postponed in the wake of a criminal investigation instigated by the casino’s parent company, Universal Entertainment Corporation, against casino founder Kazou Okada and others.