OTG Acquisition Corp. I, a blank check special purpose acquisition company incorporated in the Cayman Islands, filed its quarterly report on Form 10-Q with the SEC on August 12, 2026, covering the period ended June 30, 2026.

Key Highlights

  • Net income of $1,729,862 for the three months ended June 30, 2026, and $3,426,437 for the six months ended June 30, 2026, according to the filing.
  • Trust Account balance of $237,581,238 in cash and marketable securities held as of June 30, 2026.
  • 23,000,000 Class A ordinary shares subject to possible redemption at a per-share redemption value of $10.33 as of June 30, 2026.
  • Interest earned on Trust Account assets totaled $3,911,357 for the six months ended June 30, 2026.
  • Total assets of $238,115,635 and total shareholders' equity of $431,206 as of June 30, 2026.
  • Share count as of August 12, 2026: 23,775,000 Class A ordinary shares and 5,750,000 Class B ordinary shares issued and outstanding.

OTG Acquisition Corp. I: Trust Income Drives Positive Results Through June 2026

OTG Acquisition Corp. I (NASDAQ:OTGA), a special purpose acquisition company classified as a shell company under SEC rules, disclosed its unaudited condensed financial statements for the quarter and six-month period ended June 30, 2026. The company is incorporated in the Cayman Islands and maintains its principal executive offices in Palm Beach Gardens, Florida. Its securities trade on The Nasdaq Stock Market LLC under three symbols: units (OTGAU), Class A ordinary shares (OTGA), and redeemable warrants (OTGAW), with each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50.

According to the filing, the company's primary source of income during the period was interest earned on cash and marketable securities held in its Trust Account. For the three months ended June 30, 2026, the filing reported interest income of $1,924,809 and general and administrative costs of $194,947, producing net income of $1,729,862. For the six months ended June 30, 2026, interest income totaled $3,911,357 against general and administrative costs of $484,920, resulting in net income of $3,426,437. The Trust Account held $237,581,238 as of June 30, 2026, compared with $233,669,881 as of December 31, 2025.

The balance sheet as of June 30, 2026 reflected total assets of $238,115,635. The 23,000,000 Class A ordinary shares subject to possible redemption were carried at their aggregate redemption value of $237,581,238, equating to $10.33 per share, up from $10.16 per share at December 31, 2025. Retained earnings stood at $430,553, and total shareholders' equity was $431,206. The filing also noted that the underwriters exercised their over-allotment option in full on September 15, 2025, as part of the closing of the Initial Public Offering, which resulted in 750,000 Class B ordinary shares previously subject to forfeiture no longer being subject to forfeiture.

What Was Disclosed

The 10-Q filing covered OTG Acquisition Corp. I's unaudited financial position and results for the quarter and six months ended June 30, 2026, reporting Trust Account balances, income from Trust Account interest, share counts, and per-share redemption values, as well as shareholders' equity details.