Cartica Acquisition Corp Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing February 25, 2022
NEW YORK, Feb. 22, 2022 /PRNewswire/ -- Cartica Acquisition Corp (NASDAQ: CITEU) (the "Company") announced that, commencing February 25, 2022, holders of the units sold in the Company's initial public offering may elect to separately trade the Company's Class A ordinary shares ("Class A Ordinary Shares") and warrants included in the units. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Class A ordinary shares and warrants that are separated will trade on the NASDAQ Global Market under the symbols "CITE" and "CITEW," respectively. Those units not separated will continue to trade on the Nasdaq Global Market under the symbol "CITEU."
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Cartica Acquisition Corp
Cartica Acquisition Corp is a blank check company incorporated as a Cayman Islands exempted company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Although the Company may pursue a business combination partner in any industry or sector, it intends to focus its efforts on completing a business combination with a suitable candidate focused on the technology space in India. Our sponsor is an affiliate of Cartica Management, LLC, which, based in Washington D.C., is an emerging markets-focused asset management firm which manages a concentrated portfolio of high-quality emerging market companies for some of the world's largest institutional investors.
Forward-Looking Statements
This press release may include, and oral statements made from time to time by representatives of the Company may include, "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company's filings with the Securities and Exchange Commission ("SEC"). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus for the Company's initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
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SOURCE Cartica Acquisition Corp
