Cartica Acquisition Corp
CITE
NASDAQ Global Market11.85
USD
+11.85
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Cartica Acquisition Corp
CITE
(NASDAQ Global Market)
Recent
price
11.85
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Cartica Acquisition Corp (NASDAQ: CITE) is a blank check company sponsored by Cartica Management, LLC that focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, primarily in the technology sector with an emphasis on high-growth opportunities in India. The company, founded in 2021 and headquartered in Washington, D.C., operates without significant ongoing business activities prior to completing an initial business combination, holding proceeds from its initial public offering in trust for deployment into a target entity. Its core activities center on identifying and pursuing value-creating transactions in tech-enabled businesses, leveraging the investment experience of its management team. Cartica targets transformational technology companies, particularly those in emerging markets like India, serving as a gateway for such entities to access public markets through SPAC structures. Geographically, it concentrates on India-focused technology while maintaining U.S.-based operations and listing on Nasdaq. In October 2025, Cartica entered into a definitive business combination agreement with Nidar Infrastructure Limited, parent of Yotta Data Services, a leading Indian provider of data center infrastructure offering colocation, managed services, cloud services, AI solutions, and high-performance computing on an as-a-service model to enterprises, governments, and hyperscalers; the transaction involves a two-step merger process where Cartica will become a wholly-owned subsidiary of Nidar, with an associated registration statement on Form F-4 filed with the SEC. On December 1, 2025, Cartica signed a prepaid forward share purchase agreement with Harraden Circle investment funds for up to 900,000 Class A ordinary shares to manage redemptions ahead of the Nidar merger closing, including provisions for post-closing share sales tied to Nidar's trading price. The company also announced changes to its special shareholder meeting date and location in December 2025 to facilitate the pending combination.
Cartica Acquisition Corp Announces Change of Date of Extraordinary General Meeting of Shareholders
Nidar Infrastructure Limited, Yotta Data Services and Cartica Acquisition Corp Announce Effectiveness of F-4 and November 28, 2025 Extraordinary General Meeting to Approve Business Combination
$HAREHOLDER ALERT: Class Action Attorney Juan Monteverde Investigates the Merger of Cartica Acquisition Corp. (OTCMKTS: CRTAF)
Cartica Acquisition Corp Announces Change of Date and Location of Special Meeting of Shareholders
CARTICA ACQUISITION CORP ANNOUNCES CONTRIBUTION TO TRUST ACCOUNT FOR EXTENSION AMENDMENT