OT Merger Corp, founded in 2021 and based in Houston, Texas, is a special purpose acquisition company (SPAC) focused on identifying and merging with innovative businesses in the technology and healthcare sectors. The company aims to provide capital and operational expertise to help these businesses scale and succeed in highly competitive markets.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| BLT 7.88% 2029-10-15 USDOT Merger Corp | United States | 2029-10-15 | 7.875 | 41.47 |
| BLT 7.88% 2029-10-15 USDOT Merger Corp | United States | 2029-10-15 | 7.875 | 41.47 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, OT Merger Corp has engaged in bond issuances to raise capital for its acquisition endeavors, marking its first bond issuance in early 2022. Notably, the company successfully issued a $300 million bond in mid-2023, which garnered significant investor interest due to its attractive yield compared to industry standards. This issuance featured a unique convertible option, allowing bondholders to convert their holdings into equity upon completion of a merger, making it an appealing choice for investors looking for potential growth linked to strategic corporate actions.