M&A - Cartica Acquisition Corp

Form Type: 8-K

Filing Date: 2025-01-10

Corporate Action: Acquisition

Type: Update

Accession Number: 000110465925002306

Filing Summary: On January 3, 2025, Cartica Acquisition Corp held an extraordinary general meeting where shareholders approved two proposals: extending the date for the company to complete its business combination from January 7, 2025, to October 7, 2025, and eliminating a restriction on redeeming shares tied to net tangible assets. The Charter Amendment became effective on the same date. Additionally, the company issued a promissory note to its sponsor in the principal amount of up to $121,328.64, to be deposited monthly into its trust account to benefit the shares not redeemed during the extension. On January 6, 2025, the company received a letter indicating its securities would be delisted from Nasdaq for failing to complete a business combination within the required timeframe, with trading on the OTC market to commence thereafter. The company's ongoing business combination with Nidar Infrastructure Limited is not affected by this delisting.

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Form Type: 425

Filing Date: 2025-01-02

Corporate Action: Merger

Type: New

Accession Number: 000110465925000328

Filing Summary: On December 31, 2024, Cartica Acquisition Corp, Nidar Infrastructure Limited, and Yotta Data and Cloud Limited entered into an amendment to the Business Combination Agreement. The amendment stipulates that Cartica will apply for the qualification of its publicly-traded securities on OTC Markets following a scheduled delisting from Nasdaq on January 4, 2025. Additionally, it outlines the cooperation needed for the delisting and deregistration of Cartica’s securities post-transaction, and extends the Termination Date of the Agreement to January 7, 2026. The report includes forward-looking statements regarding the potential risks and uncertainties surrounding the approval and completion of the Business Combination, alongside details about the upcoming proxy statement/prospectus to be sent to shareholders for voting.

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Form Type: 8-K

Filing Date: 2025-01-02

Corporate Action: Merger

Type: New

Accession Number: 000110465925000318

Filing Summary: On December 31, 2024, Cartica Acquisition Corp, along with Nidar Infrastructure Limited and Yotta Data and Cloud Limited, executed an amendment to the Business Combination Agreement. This amendment stipulates that Cartica is to apply for the qualification of its securities for trading on OTC Markets Group following their delisting from Nasdaq on January 4, 2025. The amendment also outlines that Cartica will exert efforts to maintain this qualification until the Closing and will subsequently facilitate the delisting from OTC Markets. Additionally, the Termination Date for the Business Combination is extended to January 7, 2026. This report comprises forward-looking statements about Cartica's expectations for the Business Combination, pointing out various risks and uncertainties that could impact the outcomes described. Notably, this Current Report does not encapsulate all pertinent information regarding the Business Combination, and it is part of a broader solicitation of proxies awaiting effective registration. The report emphasizes the necessity for shareholders to examine the proxy statement/prospectus associated with the Business Combination for detailed insights.

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