# EDGAR Filing Document

**Accession Number:** 0001846809
**File Stem:** 0001104659-23-011195
**Filing Date:** 2023-2
**Character Count:** 8960
**Document Hash:** 6c7fcba4daa8d0f0af16a1f3d630565c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-011195.hdr.sgml**: 20230206

**ACCESSION NUMBER**: 0001104659-23-011195

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20230203

**ITEM INFORMATION**: Termination of a Material Definitive Agreement

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230206

**DATE AS OF CHANGE**: 20230206

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OceanTech Acquisitions I Corp.
- **CENTRAL INDEX KEY:** 0001846809
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40450
- **FILM NUMBER:** 23590950

**BUSINESS ADDRESS:**
- **STREET 1:** 515 MADISON AVE., SUITE 8133
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** 929-412-1272

**MAIL ADDRESS:**
- **STREET 1:** 515 MADISON AVE., SUITE 8133
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

?xml version="1.0" encoding="utf-8"?

**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): <u>February 3, 2023</u>

**<u>OceanTech Acquisitions I Corp.</u>**

(Exact name of registrant as specified in its charter)

<u>Delaware</u>

(State or other jurisdiction of incorporation)

<u>001-40450</u> <u>85-2122558</u> <br> (Commission File Number) (IRS Employer Identification No.)

**515 Madison Avenue, 8th Floor – Suite 8133**

**New York** **, New York 10022**

Registrant's telephone number, including area code (929) 412-1272

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:

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| | |
|:---|:---|
| ⌧ | 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)) |

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Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of Each Class** | **Trading Symbol(s)** | **Name of Each Exchange on Which <br> 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 | OTECO | 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 1.02. Termination of Material Definitive Agreement.**

As previously disclosed, OceanTech Acquisitions I Corp., a Delaware corporation ("**OceanTech**"), entered into a definitive Agreement and Plan of Merger, dated as of November 15, 2022 (the "**Merger Agreement**"), by and among OceanTech, OceanTech Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of the Company, Majic Wheels Corp., a Wyoming corporation ("Majic Wheels"), OceanTech Acquisitions I Sponsors LLC, a Delaware limited liability company, in its capacity as Purchaser Representative, and Jeffrey H. Coats, in his capacity as Seller Representative.

On February 3, 2023, OceanTech and Majic Wheels entered into that certain Mutual Termination Agreement (the "**Termination Agreement**") pursuant to which OceanTech and Majic Wheels mutually agreed to terminate the Merger Agreement pursuant to Section 8.1(a) thereof. Except as otherwise set forth in the Merger Agreement, none of the parties thereto shall have any further liability thereunder. Neither party will be required to pay the other a termination fee as a result of the mutual decision to enter into the Termination Agreement.

The termination of the Merger Agreement also terminates and makes void the Voting and Support Agreements (as defined in the Merger Agreement) and the Purchaser Support Agreement (as defined in the Merger Agreement), each of which were executed concurrently with the Merger Agreement.

The foregoing descriptions of the Merger Agreement, the Voting and Support Agreements and the Purchaser Support Agreement are not complete and are qualified in their entirety by reference to and the terms and conditions of, respectively, (i) the Merger Agreement, a copy of which was previously filed as Exhibit 2.1 to OceanTech's Current Report on Form 8-K on November 15, 2022, (ii) the Form of Voting and Support Agreement, a copy of which was previously filed as Exhibit 10.2 to OceanTech's Current Report on Form 8-K on November 15, 2022, and (iii) the Form of Purchaser Support Agreement, a copy of which was previously filed as Exhibit 10.1 to OceanTech's Current Report on Form 8-K on November 15, 2022.

**Item 8.01. Other Events.**

On February 6, 2023, OceanTech issued a press release announcing the termination of the Merger Agreement. A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference.

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| | |
|:---|:---|
| **Item 9.01.** | **Financial Statements and Exhibits.** |

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(d) Exhibits.

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| | |
|:---|:---|
| <u>Exhibit No.</u> | <u>Description</u> |
| [99.1](tm235664d1_ex99-1.htm) | [Press Release, dated February 6, 2023](tm235664d1_ex99-1.htm) |
| 104 | Cover Page Interactive Data File (Embedded within the Inline XBRL document and included in Exhibit) |

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**<u>SIGNATURES</u>**

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.

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| | | |
|:---|:---|:---|
|  | OCEANTECH ACQUISITIONS I CORP.  | OCEANTECH ACQUISITIONS I CORP.  |
| Date: February 6, 2023 | By: | /s/ Joseph Adir |
|  |  | Name: Joseph Adir |
|  |  | Title: Chief Executive Officer |
|  |  | (Principal Executive Officer) |

---

## Exhibit 99.1

**Exhibit 99.1**

![FINAL.jpg](tm235664d1_ex99-1img01.jpg)

**OceanTech Acquisitions I Corp. Announces Termination of Merger Agreement with Majic Wheels Corp.**

**NEW YORK, February 6, 2023 —** OceanTech Acquisitions I Corp. ("OceanTech" or the "Company") (Nasdaq: OTEC/OTECU / OTECW), a special purpose acquisition company, today announced that its previously announced agreement and plan of merger (the "Merger Agreement") with Majic Wheels Corp. ("Majic Wheels") has been terminated by mutual agreement of all relevant parties. As a result, OceanTech will seek an alternative business combination.

**About OceanTech Acquisitions I Corp.**

OceanTech Acquisitions I Corp. is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. OceanTech is sponsored by OceanTech Acquisitions I Sponsors LLC, an affiliate of investor and entrepreneur Joseph Adir.

**Cautionary Statement Regarding Forward-Looking Statements**

This press release contains statements that constitute "forward-looking statements," including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the Company's offering filed with the SEC. Copies of these documents are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

**Contacts**

Investor Relations

Lena Cati

The Equity Group, Inc.

(212) 836-9611

lcati@equityny.com