secwatch.observer — SEC 8-K summary
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Issuer:     Cartica Acquisition Corp (—)
CIK:        0001848437
Form:       8-K
Filed at:   2023-07-06T23:59:59+00:00
Accession:  0001104659-23-078808
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 3.02, 5.02, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1848437/000110465923078808/0001104659-23-078808-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1848437/000110465923078808/tm2320759d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-078808

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