OceanTech Acquisitions I Corp. 10-K Cybersecurity GRC - 2024-04-15

Page last updated on July 16, 2024

OceanTech Acquisitions I Corp. reported their cybersecurity risk management and governance process in a yearly 10-K filed on 2024-04-15 21:19:11 EDT.

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10-K filed on 2024-04-15

OceanTech Acquisitions I Corp. filed a 10-K at 2024-04-15 21:19:11 EDT
Accession Number: 0001753926-24-000735

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Item 1C. Cybersecurity.

Item 1C. CYBERSECURITY We believe cybersecurity is critical to advancing our business securely. We face a multitude of cybersecurity threats, have experienced, and will continue to experience, cyber incidents in the normal course of business. Such cybersecurity threats could have a material adverse effect on our business, financial condition, operations, results of operations, performance, cash flows or reputation. Our Sponsor and affiliates and other business contacts may face similar cybersecurity threats, and a cybersecurity incident impacting these persons or entities could materially adversely affect our operations, performance and results of operations. 70 The OTEC board of directors oversees our cybersecurity risk exposures and the steps taken by management to identify, monitor and mitigate cybersecurity risks to align our risk exposure with our strategic objectives. With respect to such cybersecurity risk oversight, the OTEC board receives any updates from management on the primary cybersecurity risks facing us, the Sponsor and our affiliates, and the measures we, Sponsor and our affiliates are taking to mitigate such risks. In addition to such, the OTEC board receives updates from management as to any changes management becomes aware of, such as to changes to such cybersecurity risk profile or certain newly identified risks. In the event of an incident, we intend to follow the necessary steps related to incident identification, mitigation, recovery and notification to legal counsel, senior leadership and the OTEC board, as appropriate. While prior cybersecurity incidents have not had a material adverse effect on our business, financial condition, results of operations, or cash flows, we may not be successful in preventing or mitigating a cybersecurity incident that could have a material adverse effect on us. See “Part I, Item 1A, Risk Factors, Risks Related to an Investment in Our Company” for more information regarding cybersecurity risks.

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