Cartica shareholders approve extension to April 2024; ~$200M redeemed from trust

Cartica Acquisition Corp

At June 30 extraordinary meeting, shareholders approved extension of business combination deadline from July 7, 2023 to April 7, 2024.
Shareholders holding 18,785,585 Class A shares redeemed for ~$200.4M ($10.67 per share), removing about 75% of trust account.
Sponsor Cartica Acquisition Partners converted 4,750,000 Class B shares into Class A shares; post-redemption 8.96M Class A & 1M Class B outstanding; Sponsor holds ~53% of Class A.
Suresh Singamsetty appointed Chief Investment Officer effective July 6, 2023; he continues as director.

item 3.02 item 5.02 item 5.03 item 5.07 item 9.01

Executive movements

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Appointed

Suresh Singamsetty

Chief Investment Officer

Cartica Acquisition Corp

Effective: 2023-07-06
Filed: July 6, 2023, 7:59 PM ET

On July 6, 2023, the Company appointed Suresh Singamsetty, a director of the Company, as Chief Investment Officer of the Company, effective immedately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Suresh Singamsetty was appointed as Chief Investment Officer at Cartica Acquisition Corp.

Action: appointed
Role: Chief Investment Officer

Exact text from the filing

On July 6, 2023, the Company appointed Suresh Singamsetty, a director of the Company, as Chief Investment Officer of the Company, effective immedately.

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Cartica Acquisition Corp: Amended amended and restated memorandum and articles of association to extend business combination deadline from July 7, 2023 to April 7, 2024 (effective 2023-06-30).

Change: charter amendment
Effective: 2023-06-30

Exact text from the filing

On June 30, 2023, the Company held an extraordinary general meeting in lieu of an annual meeting (the “Meeting”) to amend the Company’s amended and restated memorandum and articles of association (the “Charter Amendment”) to extend the date by which the Company has to consummate a business combination from July 7, 2023 to April 7, 2024 (the “Extension Amendment Proposal”)

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Cartica Acquisition Corp shareholders approved Extension Amendment Proposal - to extend the date by which the Company has to consummate a business combination from July 7, 2023 to April 7, 2024 at the 2023-06-30 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-06-30

Exact text from the filing

The final voting results for the Extension Amendment Proposal were as follows: For Against Abstain Broker Non-Votes 19,098,662 2,349,092 0 0

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Cartica Acquisition Corp shareholders approved Auditor Ratification Proposal - to ratify the selection of Marcum LLP as the Company's independent registered public accounting firm for the year ending December 31, 2023 at the 2023-06-30 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2023-06-30

Exact text from the filing

The final voting results for the Auditor Ratification Proposal were as follows : For Against Abstentions Broker Non-Votes 20,873,936 573,818 0 0

View on SEC.gov

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Source: SEC EDGAR

accession 0001104659-23-078808

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