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Cartica Acquisition Corp - CITE STOCK NEWS

Welcome to our dedicated page for Cartica Acquisition news (Ticker: CITE), a resource for investors and traders seeking the latest updates and insights on Cartica Acquisition stock.

Cartica Acquisition Corp (Nasdaq: CITE) provides investors with essential updates on strategic mergers and technology sector developments through this centralized news hub. As a special purpose acquisition company focused on high-growth tech enterprises, Cartica’s news coverage emphasizes operational milestones, partnership announcements, and market positioning in artificial intelligence infrastructure.

This resource delivers timely updates on business combinations, regulatory filings, and industry analysis relevant to Cartica’s investment strategy. Users will find verified information about the company’s merger with Nidar Infrastructure Limited, quarterly financial disclosures, and leadership updates – all critical for evaluating this SPAC’s role in emerging technology markets.

The page aggregates official press releases alongside contextual analysis of Cartica’s activities in data center development and AI-driven compute solutions. Content categories include merger progress updates, capital market transactions, and strategic partnership announcements. Bookmark this page for efficient tracking of Cartica’s progress in identifying and merging with innovative technology providers.

Rhea-AI Summary

Cartica Acquisition Corp (Nasdaq: CITE) has announced changes to its extraordinary general meeting of shareholders. The Special Meeting has been postponed from December 26, 2024, to January 3, 2025 at 9:00 a.m. Eastern Time, with a new location at Morrison & Foerster LLP in New York. The record date remains November 27, 2024.

The company has extended the deadline for redemption requests from Class A ordinary shareholders to December 31, 2024, at 5:00 p.m. Eastern Time. Previously submitted votes remain valid unless shareholders choose to change them. The voting deadline is set for January 2, 2025, at 12:00 p.m. Eastern Time.

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Rhea-AI Summary

Nidar Infrastructure , India's leading data center provider for AI and high-performance computing, has entered into a definitive Business Combination Agreement with Cartica Acquisition Corp (Nasdaq: CITE). The transaction values Nidar's pre-transaction equity at approximately $2.75 billion. This merger will enable Nidar to access US capital markets and expand its offerings, including colocation, managed, cloud, and AI services. Post-merger, Nidar will become a publicly listed company with shares and warrants expected to list on a major US stock exchange. The merger completion is subject to customary closing conditions and shareholder approvals.

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FAQ

What is the current stock price of Cartica Acquisition (CITE)?

The current stock price of Cartica Acquisition (CITE) is $11.85 as of February 7, 2025.

What is the market cap of Cartica Acquisition (CITE)?

The market cap of Cartica Acquisition (CITE) is approximately 94.8M.
Cartica Acquisition Corp

Nasdaq:CITE

CITE Rankings

CITE Stock Data

94.79M
2.25M
67.86%
32.08%
0.02%
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