Quetta Acquisition - QETAR STOCK NEWS

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Quetta Acquisition Corporation (QETAR) is a blank check company focused on mergers, acquisitions, and business combinations. Led by Chairman and CEO Hui Chen, the company seeks opportunities in the financial technology sector in Asia.

02/14/2025 04:30 PM

News

KM QUAD Announces Entering into a Merger Agreement with Quetta Acquisition Corporation

Rhea-AI Summary

KM QUAD has announced a merger agreement with Quetta Acquisition (Nasdaq: QETA). The transaction will result in KM QUAD becoming a wholly-owned subsidiary of Quad Global, maintaining Nasdaq listing under a new ticker symbol. KM QUAD, through its subsidiary Lida Technology, is a Chinese manufacturer of automotive protective films founded in 2016.

The company specializes in high-performance automotive protective films and window tints, with additional product lines for construction and battery applications. QUAD possesses 113 intellectual property rights in China and maintains a distribution network covering over 200 Chinese cities. Their main manufacturing facility in Jiujiang spans 33 acres with over 21,000 square meters.

Under the merger terms, KM QUAD shareholders will receive 30 million ordinary shares of Quad Global, subject to a six-month lock-up period. The transaction requires regulatory approvals, shareholder consent from both companies, and Nasdaq listing approval.

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Quetta Acquisition Corporation Announces the Separate Trading of its Common Stock and Rights, Commencing on November 30, 2023

Rhea-AI Summary

Quetta Acquisition Corporation (Nasdaq: QETA) announced the commencement of separate trading for the common stock and rights included in the 6,900,000 units sold in the initial public offering. The Units not separated will continue to trade under the symbol 'QETAU' on the NASDAQ Global Market, while the separated common stock and rights will trade under the symbols 'QETA' and 'QETAR,' respectively. Holders of Units need to contact the Company's transfer agent to separate their Units into common stock and rights.

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FAQ

What is the current stock price of Quetta Acquisition (qetar)?

The current stock price of Quetta Acquisition (qetar) is $1.33 as of February 28, 2025.

What is Quetta Acquisition Corporation?

Quetta Acquisition Corporation (QETAR) is a blank check company aiming to merge or acquire businesses, particularly in the financial technology sector in Asia.

Who leads Quetta Acquisition Corporation?

The company is led by Chairman and CEO Hui Chen.

Where is Quetta Acquisition Corporation located?

The company's headquarters are at 1185 Avenue of the Americas, Suite 301, New York, NY 10036.

What is the contact information for Quetta Acquisition Corporation?

You can reach Quetta Acquisition Corporation at (212) 612-1400.

What is the focus of Quetta Acquisition Corporation's business?

Quetta Acquisition Corporation prioritizes evaluating businesses in the financial technology sector in Asia, excluding China, Hong Kong, and Macau.

What is the goal of Quetta Acquisition Corporation?

The company aims to identify and engage in a business combination that will benefit its shareholders and stakeholders.

Is Quetta Acquisition Corporation limited to specific industries or regions?

While the company focuses on the financial technology sector in Asia, it is not restricted to any particular industry or geographic region for potential mergers or acquisitions.

What types of transactions does Quetta Acquisition Corporation pursue?

Quetta Acquisition Corporation seeks to effect mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations.

How does Quetta Acquisition Corporation select its target businesses?

The company evaluates various businesses to find suitable merger or acquisition opportunities that align with its strategic objectives and financial goals.

What sets Quetta Acquisition Corporation apart in the market?

Quetta Acquisition Corporation's focus on the financial technology sector in Asia, along with its experienced leadership, distinguishes it in the competitive landscape of business combinations.

Quetta Acquisition

Nasdaq:QETAR

QETAR Rankings

N/A Ranked by Market Cap

N/A Ranked by Dividends

QETAR Stock Data

Float 6.19M

Sector Blank Checks

Country United States

City NEW YORK