Yotta Acquisition Corporation
YOTA
Other OTC2.00
USD
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Yotta Acquisition Corporation
YOTA
(Other OTC)
Recent
price
2.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Yotta Acquisition Corporation (YOTA), a blank check company, focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. Incorporated in 2021 and headquartered at 1185 Avenue of the Americas, Suite 301, New York, New York, the company operates as a subsidiary of Yotta Investment LLC and targets high technology, blockchain, software and hardware, ecommerce, social media, and other general business industries on a worldwide basis. Yotta Acquisition Corporation currently maintains no significant operations or products beyond its pursuit of an initial business combination. In August 2024, the company entered into a definitive merger agreement with DRIVEiT Financial Auto Group, Inc., an operator of electric vehicle superstores offering EV sales, financing, warranty, service, and parts; the transaction values DRIVEiT equity at $100 million through issuance of 10 million shares at $10.00 per share and anticipates DRIVEiT surviving as a wholly-owned subsidiary under the renamed DRIVEiT Financial Auto Group, Inc., with DRIVEiT's executive management team continuing to lead. The merger, approved by both boards, remains pending shareholder approvals, SEC registration on Form S-4, and customary closing conditions, with initial closure targeted for the first half of 2025. Shareholders approved extensions of the business combination deadline, most recently from October 22, 2025, to April 22, 2027, during a special meeting on October 22, 2025, ensuring continued pursuit of the DRIVEiT deal or alternatives.
Yotta Acquisition Corporation Announces Entering into a Merger Agreement with DRIVEiT Financial Auto Group, Inc., an Operator of Electric Vehicle Superstores
Yotta Acquisition Corporation Announces Receipt of Notice from Nasdaq Regarding Filing of Annual Report on Form 10-Q
Yotta Acquisition Corporation Announces Extension of Combination Period and Additional Contribution to Trust Account to Extend Combination Period
Yotta Acquisition Corporation Announces Extension of Combination Period and Additional Contribution to Trust Account to Extend Combination Period