OceanTech Acquisitions I Corp.: management transactions · United States · SEC (Form 4)

About OceanTech Acquisitions I Corp.

OceanTech Acquisitions I Corp. is a U.S.-based special purpose acquisition company (SPAC), meaning it was formed to complete a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one operating business. The company was incorporated in Delaware on February 3, 2021, and its original purpose was financial rather than industrial: to raise capital, place IPO proceeds into a trust account, and pursue an acquisition target within a defined time frame. For investors, that makes OceanTech Acquisitions I Corp. fundamentally a transaction-driven vehicle rather than a traditional operating company. It was associated with the Nasdaq market in the United States (United States) before Nasdaq announced suspension and later delisting proceedings in 2024. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1846809/000141057822001315/tmb-20220331x10q.htm?utm_source=openai)) From a business-model perspective, the company did not develop consumer products, industrial manufacturing, or recurring service lines. Instead, its core activity was to act as a capital-markets shell designed to identify a private operating business and bring it public through a de-SPAC transaction or another qualifying business combination. SEC filings describe the trust account structure and the restrictions on releasing those funds until a business combination is completed or the company is liquidated. This is important because it means the investment case is driven primarily by sponsor execution, deal sourcing, regulatory timing, and capital-market conditions, not by revenue growth or product adoption. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1846809/000110465921136274/tmb-20210930x10q.htm?utm_source=openai)) In competitive terms, OceanTech Acquisitions I Corp. belonged to a crowded cohort of U.S. SPACs competing for attractive targets. In that universe, differentiation typically comes from the credibility of the sponsor team, access to capital, the attractiveness of the intended acquisition universe, and the ability to close a transaction on terms that shareholders can support. The SEC materials and corporate records also indicate a Delaware corporate structure and a New York-linked sponsor presence, consistent with a U.S. capital-markets SPAC profile. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1846809/000110465922019341/tm225882d1_sc13g.htm?utm_source=openai)) The most material recent developments are negative from a listing perspective. Nasdaq stated that OceanTech Acquisitions I Corp.’s securities had already been suspended on January 24, 2024, and that the exchange would delist its common stock, units, and warrants. That places the company in a highly constrained trading environment and materially changes the risk profile for holders of the securities. For market participants, this is a classic special-situation name where the key issues are listing status, corporate actions, and any possible residual value from the SPAC structure, rather than operating performance. ([ir.nasdaq.com](https://ir.nasdaq.com/news-releases/news-release-details/delisting-securities-oceantech-acquisitions-i-corp-oca?utm_source=openai)) Overall, OceanTech Acquisitions I Corp. should be understood as a U.S. SPAC associated with Nasdaq, United States, and classified most naturally within Finance & Banking. Its history, economics, and recent news are all anchored in the life cycle of a blank-check acquisition vehicle, not in an ongoing commercial product portfolio. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1846809/000141057822001315/tmb-20220331x10q.htm?utm_source=openai))