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) is a blank check company, also known as a Special Purpose Acquisition Company (SPAC), formed with the primary objective of entering into a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company operates by raising capital through an initial public offering (IPO) without a specific target business in mind, aiming to identify and acquire promising companies.
Recently, on June 16, 2023, Cartica Acquisition Corp announced the rescheduling of its extraordinary general meeting from June 23, 2023, to June 30, 2023. The meeting, accessible virtually at this link, will focus on extending the deadline for completing a business combination from July 7, 2023, to April 7, 2024. Additionally, shareholders are encouraged to ratify the selection of Marcum LLP as the company's independent registered public accounting firm for the year ending December 31, 2023.
Shareholders who have already submitted their proxies do not need to take further action if they do not wish to change their vote. The deadline for Class A ordinary shareholders to submit their shares for redemption in connection with the extension has been extended to June 28, 2023.
Cartica Acquisition Corp's management team, sponsor, directors, and executive officers are actively participating in the solicitation of proxies for the meeting. The definitive proxy statement filed with the SEC provides detailed information about the company and the proposed extension, which can be accessed for free on the SEC's website or requested from the company.
In terms of financial health, the company adheres to strict regulatory compliance and maintains transparency in its operations. The forward-looking statements included in the company's communications are based on management's beliefs and assumptions, but actual results may vary due to various risk factors outlined in the company's SEC filings. Cartica Acquisition Corp remains committed to completing a successful business combination to deliver value to its shareholders.
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.
FAQ
What is the current stock price of Cartica Acquisition (CITE)?
What is the market cap of Cartica Acquisition (CITE)?
What is Cartica Acquisition Corp?
What is the purpose of the upcoming extraordinary general meeting?
How can shareholders participate in the extraordinary general meeting?
What is a blank check company or SPAC?
Who is Cartica Acquisition Corp's independent registered public accounting firm?
Can shareholders change their vote for the meeting?
What happens if a shareholder wants to redeem their shares?
Where can I access the definitive proxy statement for the meeting?
What are forward-looking statements?
What is the role of Cartica Acquisition Corp's management team in the meeting?
