Cartica Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CITEU” Wednesday, January 5.
The new SPAC intends to combine with 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.
Total SPAC deal count for 2022 year-to-date is now 1. This offering is expected to close on Friday, January 7.
J.P. Morgan Securities LLC is acting as sole book-running manager for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Terms Tracker for the Week Ending November 24, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This being the Thanksgiving holiday week, we are thankful for a lot of things, but mostly that 2023 is almost over. It’s been a rough...
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