OTR Acquisition Corp. (OTRAU) Prices Downsized $100M IPO

OTR Acquisition Corp.announced the pricing of its downsized $100 million IPO this morning and its units are expected to begin trading on the under the symbol “OTRAU” today, Tuesday, November 17.

The new company aims to combine with a target that has a strong competitive position and unique management talent valued at between $750 million and $2.5 billion. It is led by Chairman and CEO Nicholas J. Singer and CFO and Director Douglas B. Anderson.

Total SPAC deal count for 2020 year-to-date is now 182 with $65.6 billion in gross proceeds raised. This offering is expected to close on Thursday, November 19.

Source: SPACInsider – OTR Acquisition Corp. (OTRAU) Prices Downsized $100M IPO

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