# OTG Acquisition Corp. I

OTG Acquisition Corp. I is an other based in New York, United States.

## Overview

- **Organization type:** other
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2021
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

OTG Acquisition Corp. I was formed in 2021 as a Delaware-domiciled special purpose acquisition company for a total raise of $92 million, inclusive of the underwriters' overallotment option. Michael G. Glenn, then an executive at the airport-terminal hospitality operator OTG Management, served as Chairman and CEO of the blank-check shell. The vehicle's board included figures from the aviation and consumer-services sectors, signaling a search mandate anchored in tech-enabled travel, hospitality, and consumer-brand rollups. The SPAC expressly targeted a mid-market operating company in the travel, hospitality, or consumer verticals where OTG Management's legacy relationships could provide a post-merger operating advantage. The trust structure gave Glenn's team 24 months from IPO to identify and close a de-SPAC transaction. No definitive agreement was ever publicly announced, and the search window elapsed without a target. OTG Acquisition Corp. I represented a narrow bet: pairing a seasoned airport-concessions operator with a public-investor pool to acquire an adjacent business that traditional hospitality PE had overlooked. The SPAC held roughly $92 million in trust at formation. No team size was disclosed beyond the five-member board and a few named officers. Structurally, the SPAC was tied to OTG Management through Glenn's dual role — an attempt to leverage operational know-how rather than financial engineering. The blank-check company's failure to find a target before its deadline, and its subsequent liquidation or abandonment, is the relevant outcome for any allocator tracing the Glenn/OTG operational lineage.

## Questions

### How is OTG Acquisition Corp. I related to OTG Management?

Michael G. Glenn, the SPAC's Chairman and CEO, was simultaneously an executive at OTG Management, a large operator of airport restaurants and retail concessions. The blank-check company was designed to leverage OTG Management's industry relationships and operational playbook to acquire a complementary business, though no deal materialized.

### What was the size of OTG Acquisition Corp. I's trust?

The SPAC raised roughly $92 million in its initial public offering, including the exercise of the underwriters' overallotment option, per SEC filings.

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Last updated: 2026-06-03T20:00:00.000Z

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