OceanTech Acquisitions I Corp.

General Information

We intend to focus our search for an initial business combination on private companies involved in the leisure marine, yachting and superyachting industries with enterprise values of approximately $250 million to $1.0 billion. (Incorporated in Delaware)

Our sponsor is controlled by Joseph Adir, our CEO. He has over 35 years of experience in the high-tech space. Since 1992, Mr. Adir had a direct involvement in the yachting world as a sailor, racer (1999), captain (1998) and shareholder. In January 2014, Mr. Adir began serving as a director of Repositioning Investments Ltd., a boutique investment house that specializes in special situation corporation finance for the middle market. Since 2014, Mr. Adir has focused his attention on the superyachting industry. He has developed a multidimensional disruption strategy for the superyacht industry. 

Michael Payne is our chairman of the board of directors. He has over 40 years of experience in the yachting industry. In September 2017, Mr. Payne was the managing director of Northrop & Johnson Europe, a leading international yacht brokerage and member of the LYBrA (Large Yacht Brokers Association), until July 2020 when the company merged with MarineMax, Inc. (NYSE: HZO).

Employees: 0
Founded: 2021
Contact Information
Address 515 Madison Avenue 8th Floor – Suite 8133 New York, New York 10022
Phone Number (929) 412-1272
Web Address
View Prospectus: OceanTech Acquisitions I Corp.
Financial Information
Market Cap $126.0mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol OTECU
Exchange NASDAQ
Shares (millions): 10.0
Price range $10.00 - $10.00
Est. $ Volume $100.0 mil
Manager / Joint Managers Maxim Group
CO-Managers -
Expected To Trade: 5/28/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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