OTG Acquisition Corp. I reported first-quarter 2026 results showing consolidated net income of $1.7M and diluted earnings per share of $0.06, reflecting activity related to trust investments and ongoing SPAC formation expenses during the period.
Financial Highlights
- Net income was $1.70M for Q1 2026 (consolidated).
- Diluted EPS was $0.06 for Q1 2026 (basic and diluted, reported).
Business Highlights
- Business focus: blank-check company formed to identify and complete a business combination; no operating revenues to date.
- Capital deployment: $231.15M placed in trust to fund a target acquisition and post-combination operations.
- Operational activity: incubation and IPO-related organizational work completed; ongoing due diligence and target identification.
- Interest and costs: generated interest on trust assets while incurring public-company G&A and diligence expenses.
Original SEC Filing:
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