Yotta Acquisition Corporation
YOTAU
Other OTC11.99
USD
+0.28
- -
CIK
0001907730
ISIN
US98741Y2028
CUSIP
98741Y202
Return %
Stock
S&P500
1Y
11.02
18.21
3Y
19.54
64.38
5Y
19.54
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Hui Chen
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1185 Avenue of the Americas New York City NY United States of America 10036
- IPO Date
- Apr 20, 2022
- CIK
- 0001907730
- Similar Companies
- Business
- Yotta Acquisition Corporation (YOTAU) is a blank check company whose sole purpose is to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company targets industries including high technology, blockchain, software and hardware, ecommerce, social media, and other general business sectors on a worldwide basis; it currently conducts no significant operations and holds cash in trust pending such a transaction. Incorporated in 2021 as a subsidiary of Yotta Investment LLC, Yotta Acquisition Corporation maintains its headquarters at 1185 Avenue of the Americas, Suite 301, New York, New York. In August 2024, the company entered into a definitive merger agreement with DRIVEiT Financial Auto Group, Inc., an operator of electric vehicle superstores providing sales, financing, service, parts, warranty, and collision repair with a focus on comprehensive EV customer experiences; the transaction, initially targeted for completion in the first half of 2025, contemplates DRIVEiT surviving as a wholly owned subsidiary under its existing management team, with Yotta stockholders receiving equity in the combined entity valued at approximately $100 million. As of October 2025, Yotta Acquisition Corporation secured shareholder approval to extend its business combination deadline from October 22, 2025, to April 22, 2027, without additional trust deposits, reflecting ongoing efforts to consummate the DRIVEiT merger amid customary closing conditions including SEC approval of a Form S-4 registration statement and further stockholder consents.
Yotta Acquisition Corporation Announces Extension of Combination Period and Additional Contribution to Trust Account to Extend Combination Period