Cartica Acquisition Corp. (NASDAQ: CITE) announced this afternoon that it is rescheduling its special meeting from 1:00 p.m. on June 23, to the same time on June 30.
Shareholders will be voting on a proposal to extend the SPAC’s completion deadline from July 7, 2023 to April 7, 2024. Additionally, the ballot will include a proposal to ratify the selection by Cartica’s audit committee of Marcum LLP to serve as its independent registered public accounting firm for the year ending December 31, 2023.
In connection with the rescheduled meeting, the redemption deadline has been extended to 5:00 p.m. on June 28. Any demand for redemption may be withdrawn at any time until the deadline for exercising redemption requests and, thereafter, with the consent of the SPAC.
Cartica announced the pricing of its $200 million IPO in January 2022. The company has not found a target business to combine with just yet, but intends to seek out an innovative, technology-focused business based in India with an equity value of approximately $1 billion or higher. Cartica is led by Chairman nominee Asif Ramji, CEO Sanjeev Goel, and COO and CFO C. Brian Coad.
Murphy Canyon Acquisition Corp. (NASDAQ:MURF) announced this afternoon that its stockholders voted in favor of the proposed business combination with Conduit Pharmaceuticals Limited (“Conduit”). Details on the vote, along with redemption numbers, have not been filed yet, but the Company expects the closing to occur as soon as practicable, subject to the satisfaction or waiver...
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TradeUP (NASDAQ:UPTD) announced in an 8-K this afternoon that has entered into additional subscription agreements in connection with its combination with Estrella Biopharma. Under these subscription agreements, Plentiful Limited and Lianhe World Limited, collectively known as the “Investors”, agreed to each buy $5,000,000 worth of UPTD’s common stock, priced at $10.00 per share. However, if,...
Vahanna Tech Edge Acquisition I Corp. (NASDAQ:VHNA) has closed its combination with insuretech firm Roadzen and its shares and warrants will begin trading on the Nasdaq tomorrow, September 21, under the symbols “RDZN” and “RDZNW”. The SPAC secured shareholder approval for the deal about a month ago in an August 25 vote and it has...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Abu Dhabi royal-backed firms to merge in region’s first SPAC deal ADC Acquisition Corporation (ADC.AD), a blank-cheque company backed by a prominent Abu Dhabi royal, has agreed to acquire state investment fund ADQ’s United Printing & Publishing,...