Form 8-K - Current report
22 Mai 2024 - 10:05PM
Edgar (US Regulatory)
false
0001846809
0001846809
2024-05-21
2024-05-21
0001846809
OTEC:UnitsEachConsistingOfOneShareOfClassCommonStockAndOneRedeemableWarrantMember
2024-05-21
2024-05-21
0001846809
OTEC:ClassCommonStock0.0001ParValuePerShareMember
2024-05-21
2024-05-21
0001846809
OTEC:RedeemableWarrantsEachExercisableForOneShareOfClassCommonStockAtExercisePriceOf11.50PerShareMember
2024-05-21
2024-05-21
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): May 21, 2024
OceanTech
Acquisitions I Corp.
(Exact
name of registrant as specified in its charter)
Delaware
(State
or other jurisdiction of incorporation)
001-40450 |
|
85-2122558 |
(Commission
File Number) |
|
(IRS
Employer Identification No.) |
515
Madison Avenue, Suite 8133
New
York, New York 10022
(Address
of principal executive offices) (Zip Code)
Registrant’s
telephone number, including area code: (929) 412-1272
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
|
☒ |
Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425) |
|
|
|
|
☐ |
Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12) |
|
|
|
|
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
|
|
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c)) |
|
|
|
Securities
registered pursuant to Section 12(b) of the Act:
Title
of Each Class |
|
Trading
Symbol(s) |
|
Name
of Each Exchange on Which Registered |
Units, each consisting
of one share of Class A Common Stock and one Redeemable Warrant |
|
OTECU |
|
The
Nasdaq Stock Market LLC |
Class A Common Stock,
$0.0001 par value per share |
|
OTEC |
|
The
Nasdaq Stock Market LLC |
Redeemable Warrants,
each exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share |
|
OTECW |
|
The
Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item
3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On
April 18, 2024, OceanTech Acquisitions I Corp., a Delaware Corporation (the “Company”) received confirmation that
the Nasdaq Listing Council granted the Company an exception until May 27, 2024, to complete its initial business combination and demonstrate
compliance with the Nasdaq Listing Rules.
On
May 21, 2024, the Company received written notice (the “Notice”) from the listing qualifications department of The
Nasdaq Stock Market (“Nasdaq”) providing that because the Company had not filed the Quarterly Report on Form 10-Q
for the first quarter ended March 31, 2024 (the “Quarterly Report”), the Company was not in compliance with Listing
Rule 5250(c)(1), and such matter shall be considered by the Nasdaq Hearing Panel for continued listing on Nasdaq. The Notice requested
that the Company present its views with respect to this additional deficiency to the Nasdaq Hearing Panel in writing no later than May
28, 2024 (extended from May 27, 2024, pursuant to Listing Rule 5840(e)(1), as May 28, 2024 is the next day that is not a Saturday, Sunday,
federal holiday or Nasdaq holiday), make a public announcement by issuing a press release disclosing receipt of the Notice and the Nasdaq
Listing Rules upon which the Notice is based, and notify Nasdaq’s MarketWatch Department. The Company hereby submits the press
release and has notified Nasdaq’s MarketWatch Department. The Company fully intends to file its Quarterly Report by May 28, 2024.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
|
OCEANTECH ACQUISITIONS I CORP. |
|
|
|
Date: May 22, 2024 |
By: |
/s/
Suren Ajjarapu |
|
|
Name: Suren Ajjarapu |
|
|
Title: Chief Executive
Officer |
|
|
(Principal Executive
Officer) |
Exhibit
99.1
OceanTech
Acquisitions I Corp. Receives Failure to Satisfy a Continued Listing Rule from Nasdaq
New
York – May 22, 2024 – OceanTech Acquisitions I Corp., a special purpose acquisition company (“OceanTech”
or the “Company”) (Nasdaq: OTEC/OTECU/OTECW), today announced that the Company received written notice (the “Notice”)
from the listing qualifications department of The Nasdaq Stock Market (“Nasdaq”) providing that because the Company
had not filed the Quarterly Report on Form 10-Q for the first quarter ended March 31, 2024 (the “Quarterly Report”),
the Company was not in compliance with Listing Rule 5250(c)(1), and such matter shall be considered by the Nasdaq Hearing Panel for continued
listing on Nasdaq. The Notice requested that the Company present its views with respect to this additional deficiency to the Nasdaq Hearing
Panel in writing no later than May 28, 2024 (extended from May 27, 2024, pursuant to Listing Rule 5840(e)(1), as May 28, 2024 is the
next day that is not a Saturday, Sunday, federal holiday or Nasdaq holiday), make a public announcement by issuing a press release disclosing
receipt of the Notice and the Nasdaq Listing Rules upon which the Notice is based, and notify Nasdaq’s MarketWatch Department.
The Company hereby submits the press release and has notified Nasdaq’s MarketWatch Department. The Company fully intends to file
its Quarterly Report by May 28, 2024.
About
OceanTech Acquisitions I Corp.
OceanTech
is a blank check company formed for the purposes of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization,
or similar business combination with one or more businesses, with a focus on companies in the technology industry. The Company is sponsored
by Aspire Acquisition LLC.
Contacts
Investor
Relations
Lena
Cati
The
Equity Group, Inc.
(212)
836-9611
lcati@equityny.com
v3.24.1.1.u2
Cover
|
May 21, 2024 |
Document Type |
8-K
|
Amendment Flag |
false
|
Document Period End Date |
May 21, 2024
|
Entity File Number |
001-40450
|
Entity Registrant Name |
OceanTech
Acquisitions I Corp.
|
Entity Central Index Key |
0001846809
|
Entity Tax Identification Number |
85-2122558
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
515
Madison Avenue
|
Entity Address, Address Line Two |
Suite 8133
|
Entity Address, City or Town |
New
York
|
Entity Address, State or Province |
NY
|
Entity Address, Postal Zip Code |
10022
|
City Area Code |
(929)
|
Local Phone Number |
412-1272
|
Written Communications |
true
|
Soliciting Material |
false
|
Pre-commencement Tender Offer |
false
|
Pre-commencement Issuer Tender Offer |
false
|
Entity Emerging Growth Company |
true
|
Elected Not To Use the Extended Transition Period |
false
|
Units, each consisting of one share of Class A Common Stock and one Redeemable Warrant |
|
Title of 12(b) Security |
Units, each consisting
of one share of Class A Common Stock and one Redeemable Warrant
|
Trading Symbol |
OTECU
|
Security Exchange Name |
NASDAQ
|
Class A Common Stock, $0.0001 par value per share |
|
Title of 12(b) Security |
Class A Common Stock,
$0.0001 par value per share
|
Trading Symbol |
OTEC
|
Security Exchange Name |
NASDAQ
|
Redeemable Warrants, each exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share |
|
Title of 12(b) Security |
Redeemable Warrants,
each exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share
|
Trading Symbol |
OTECW
|
Security Exchange Name |
NASDAQ
|
X |
- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
+ Details
Name: |
dei_AmendmentFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
+ Details
Name: |
dei_DocumentPeriodEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
+ Details
Name: |
dei_DocumentType |
Namespace Prefix: |
dei_ |
Data Type: |
dei:submissionTypeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 1 such as Attn, Building Name, Street Name
+ References
+ Details
Name: |
dei_EntityAddressAddressLine1 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 2 such as Street or Suite number
+ References
+ Details
Name: |
dei_EntityAddressAddressLine2 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
dei_EntityAddressCityOrTown |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCode for the postal or zip code
+ References
+ Details
Name: |
dei_EntityAddressPostalZipCode |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the state or province.
+ References
+ Details
Name: |
dei_EntityAddressStateOrProvince |
Namespace Prefix: |
dei_ |
Data Type: |
dei:stateOrProvinceItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityCentralIndexKey |
Namespace Prefix: |
dei_ |
Data Type: |
dei:centralIndexKeyItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate if registrant meets the emerging growth company criteria.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityEmergingGrowthCompany |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
+ Details
Name: |
dei_EntityFileNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fileNumberItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTwo-character EDGAR code representing the state or country of incorporation.
+ References
+ Details
Name: |
dei_EntityIncorporationStateCountryCode |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarStateCountryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityRegistrantName |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityTaxIdentificationNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:employerIdItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLocal phone number for entity.
+ References
+ Details
Name: |
dei_LocalPhoneNumber |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 13e -Subsection 4c
+ Details
Name: |
dei_PreCommencementIssuerTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 14d -Subsection 2b
+ Details
Name: |
dei_PreCommencementTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTitle of a 12(b) registered security.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b
+ Details
Name: |
dei_Security12bTitle |
Namespace Prefix: |
dei_ |
Data Type: |
dei:securityTitleItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the Exchange on which a security is registered.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection d1-1
+ Details
Name: |
dei_SecurityExchangeName |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarExchangeCodeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 14a -Subsection 12
+ Details
Name: |
dei_SolicitingMaterial |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTrading symbol of an instrument as listed on an exchange.
+ References
+ Details
Name: |
dei_TradingSymbol |
Namespace Prefix: |
dei_ |
Data Type: |
dei:tradingSymbolItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Securities Act -Number 230 -Section 425
+ Details
Name: |
dei_WrittenCommunications |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=OTEC_UnitsEachConsistingOfOneShareOfClassCommonStockAndOneRedeemableWarrantMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=OTEC_ClassCommonStock0.0001ParValuePerShareMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=OTEC_RedeemableWarrantsEachExercisableForOneShareOfClassCommonStockAtExercisePriceOf11.50PerShareMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
OceanTech Acquisitions I (NASDAQ:OTECU)
Graphique Historique de l'Action
De Août 2024 à Sept 2024
OceanTech Acquisitions I (NASDAQ:OTECU)
Graphique Historique de l'Action
De Sept 2023 à Sept 2024