OTG Acquisition Corp. I
For the period ended Jun 30, 2026. Filed Aug 12, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 12, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2026-03-31; filed 2026-05-14.
0001493152-26-023098
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2026-06-30; filed 2026-08-12.
0001493152-26-037342
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 27 previous paragraphs and 30 current paragraphs.
21 unchanged; 6 reworded; 2 added; 0 removed; 0 previous and 1 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (2)
Current report
For the period from June 12, 2025 (inception) through June 30, 2025, we had a net loss of $14,514, which consisted of general and administrative costs.
Current report
For the period from June 12, 2025 (inception) through June 30, 2025, cash used in operating activities was $0. Net loss of $14,514 was affected by payment of general and administrative costs through promissory note – related party of $10,420, and the changes in operating assets and liabilities of $4,094 of cash provided by operating activities.
Reworded paragraphs (6)
Previous wording
For the three months ended March 31, 2026, we had a net income of $1,696,575, which consisted of interest earned on cash and marketable securities held in Trust Account of $1,986,548, offset by general and administrative costs of $289,973.
Current wording
For the three months ended June 30, 2026, we had a net income of $1,729,862, which consisted of interest earned on cash and marketable securities held in Trust Account of $1,924,809, offset by general and administrative costs of $194,947.
Previous wording
Until the consummation of the Initial Public Offering, our only source of liquidity was an initial purchase of our Class B ordinary shares, par value $0.0001 per share, by the Sponsor and loans from the Sponsor, which was repaid in connection with the closing of the Initial Public Offering.
Current wording
Until the consummation of the Initial Public Offering, our only source of liquidity was an initial purchase of our Class B ordinary shares, par value $0.0001 per share, by the Sponsor and loans from the Sponsor, which were repaid in connection with the closing of the Initial Public Offering.
Previous wording
For the three months ended March 31, 2026, cash used in operating activities was $253,457. Net income of $1,696,575 was affected by interest income earned on marketable securities held in the Trust Account of $1,986,548, and the changes in operating assets and liabilities of $36,516 of cash provided by operating activities.
Current wording
For the six months ended June 30, 2026, cash used in operating activities was $443,974. Net income of $3,426,437 was affected by interest income earned on marketable securities held in the Trust Account of $3,911,357, and the changes in operating assets and liabilities of $40,946 of cash provided by operating activities.
Previous wording
As of March 31, 2026, we had cash and marketable securities held in the Trust Account of $235,656,429. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned on the Trust Account (less any taxes payable), to complete our Business Combination. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete our Business Combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.
Current wording
As of June 30, 2026, we had cash and marketable securities held in the Trust Account of $237,581,238. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned on the Trust Account (less any taxes payable), to complete our Business Combination. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete our Business Combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.
Previous wording
As of March 31, 2026, we had cash of $539,283 held outside the Trust Account. We intend to use the funds held outside the Trust Account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, and structure, negotiate and complete a Business Combination.
Current wording
As of June 30, 2026, we had cash of $348,766 held outside the Trust Account. We intend to use the funds held outside the Trust Account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, and structure, negotiate and complete a Business Combination.
Previous wording
The preparation of the unaudited condensed financial statements and related disclosures in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the unaudited condensed financial statements, and income and expenses during the periods reported. Making estimates requires management to exercise significant judgement. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the unaudited condensed financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could materially differ from those estimates. As of March 31, 2026, we did not have any critical accounting estimates to be disclosed.
Current wording
The preparation of the unaudited condensed financial statements and related disclosures in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the unaudited condensed financial statements, and income and expenses during the periods reported. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the unaudited condensed financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could materially differ from those estimates. Although the Public Warrants issued in connection with the Initial Public Offering were valued using the Monte Carlo Simulation Method, no critical accounting estimates require disclosure as of June 30, 2026..
Rearranged current paragraphs (1)
Current report — wording carried from elsewhere
For the six months ended June 30, 2026, we had a net income of $3,426,437, which consisted of interest earned on cash and marketable securities held in Trust Account of $3,911,357, offset by general and administrative costs of $484,920.