STOCK TITAN

Yotta Acquisition Corporation - YOTA STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Yotta Acquisition Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Yotta Acquisition Corporation's position in the market.

-
Rhea-AI Summary

Yotta Acquisition Corporation (YOTA) has announced a proposed merger with NaturalShrimp Incorporated (SHMP), a biotechnology aquaculture company. The merger aims to enhance Yotta's market position by acquiring NaturalShrimp's patented shrimp farming technology. Yotta will issue 17.5 million shares valued at $175 million to NaturalShrimp's security holders, with potential additional shares based on revenue targets for 2024 and 2025. The merger is expected to have its common stock and warrants listed on the Nasdaq Capital Market, changing Yotta's name to NaturalShrimp, Inc.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.1%
Tags
-
Rhea-AI Summary

NaturalShrimp, Inc. (OTCQB: SHMP), a biotechnology aquaculture company, announced its participation in the 10th Anniversary World Food Championships from November 9-13, 2022, in Dallas, TX. Chef Douwe Iedema, the company's Director of E-commerce, will judge two seafood panels and promote NaturalShrimp's sustainable shrimp products. The event coincides with their upcoming online ordering program featuring gourmet-grade shrimp and related culinary products. The company emphasizes its patented Recirculating Aquaculture System, which enables antibiotic-free shrimp production.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

NaturalShrimp (OTC-PINK: SHMP) announced a merger with Yotta Acquisition Corp. (NASDAQ: YOTA) to boost production of sushi-grade shrimp and seafood. The deal could net $105 million in cash, with a total enterprise value projected at $275 million. As part of the merger, Yotta will issue 17.5 million shares and additional contingent shares based on revenue targets for 2024 and 2025. The companies plan to list on Nasdaq post-transaction, enhancing visibility and access to growth capital.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary

Yotta Acquisition Corporation (YOTA) has priced its initial public offering (IPO) of 10 million units at $10.00 each, set to trade on Nasdaq under the ticker 'YOTAU' starting April 20, 2022. Each unit includes one share of common stock, one redeemable warrant, and a right to receive one-tenth of a share upon business combination. The IPO is expected to close on April 22, 2022. The underwriters have a 45-day option to purchase an additional 1.5 million units. Proceeds from the IPO will fund potential business combinations in high-tech and other sectors.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags

FAQ

What is the market cap of Yotta Acquisition Corporation (YOTA)?

The market cap of Yotta Acquisition Corporation (YOTA) is approximately 41.9M.

Yotta Acquisition Corporation

OTC:YOTA

YOTA Rankings

YOTA Stock Data

41.87M
470.67k
85.92%
16.17%
0.01%
Shell Companies
Financial Services
United States of America
NEW YORK