OceanTech Acquisitions I Management

Management criteria checks 0/4

We currently do not have sufficient information about the CEO.

Key information

Suren Ajjarapu

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	1.2yrs
CEO ownership	73.8%
Management average tenure	no data
Board average tenure	1.2yrs

Recent management updates

Recent updates

SPAC OceanTech Acquisitions, Captura Biopharma terminate merger deal

Oct 13

CEO

Suren Ajjarapu (52 yo)

1.2yrs

Tenure

Mr. Surendra K. Ajjarapu, also known as Suren, serves as CEO & Director of Integrated Wellness Acquisition Corp since February 12, 2024. He serves as Founder, Chairman, CEO & Director at Trxade, Inc. He se...

Board Members

Name	Position	Tenure	Compensation	Ownership
Surendra Ajjarapu	CEO & Chairman	3.3yrs	no data	73.81% $ 29.6m
Michael Peterson	Independent Director	1.2yrs	no data	no data
Donald Fell	Independent Director	1.2yrs	no data	no data
Venkatesh Srinivasan	Independent Director	1.2yrs	no data	no data
Siva Saravanan	Independent Director	1.2yrs	no data	no data

1.2yrs

Average Tenure

55yo

Average Age

Experienced Board: OTAC's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.

OceanTech Acquisitions I Management

Management criteria checks 0/4

Key information

Recent management updates

OceanTech Acquisitions I Corp. Announces Board Resignation

Recent updates

OceanTech Acquisitions I Corp. announced delayed annual 10-K filing

OceanTech Acquisitions I Corp.(NasdaqCM:OTEC) dropped from NASDAQ Composite Index

OceanTech Acquisitions I Corp. announced delayed 10-Q filing

OceanTech Acquisitions I Corp. announced delayed 10-Q filing

OceanTech Acquisitions I Corp. Receives Written Notice from Nasdaq Stating the Company Currently Does Not Meet the Required Minimum of 300 Public Holders for Continued Listing on the Nasdaq Capital Market Under Nasdaq Listing Rule 5550(a)(3)

OceanTech Acquisitions I Receives Written Notice from Nasdaq

Regentis Biomaterials Ltd. entered into a definitive agreement to acquire OceanTech Acquisitions I Corp. (NasdaqCM:OTEC) from shareholders.

Regentis Biomaterials Ltd. entered into a definitive agreement to acquire OceanTech Acquisitions I Corp. (NasdaqCM:OTEC) from Maxim Group LLC and others in a reverse merger transaction.

OceanTech Acquisitions I Corp. Announces Board Resignation

Majic Wheels Corp. (OTCPK:MJWL) entered into an agreement to acquire OceanTech Acquisitions I Corp. (NasdaqCM:OTEC) in a deal valued at approximately $720 million in a reverse merger transaction.

Captura Biopharma, LLC cancelled the acquisition of OceanTech Acquisitions I Corp. (NasdaqCM:OTEC) from OceanTech Acquisitions I Sponsors LLC, Hudson Bay Capital Management LP, Saba Capital Management, L.P., Weiss Asset Management LP and others in a reverse merger transaction.

SPAC OceanTech Acquisitions, Captura Biopharma terminate merger deal

Captura Biopharma, LLC entered into a definitive business combination agreement to acquire OceanTech Acquisitions I Corp. (NasdaqCM:OTEC) from OceanTech Acquisitions I Sponsors LLC and others for approximately $250 million in a reverse merger transaction.

CEO

Tenure

Board Members

Average Tenure

Average Age