8-K/A
filed July 12, 2023, 7:59 PM ET
CIK 0001848437
other material
confidence high
sentiment neutral
materiality 0.80
Cartica Acquisition Corp completes change in control; Namaste acquires Sponsor interests, new board and CEO appointed
Cartica Acquisition Corp
- Namaste Universe Sponsor LLC acquired membership interests entitling it to 3,490,949 Class B shares and 15,900,000 private placement warrants.
- Suresh Guduru appointed CEO and Chairman; entire board replaced with six new directors effective May 23, 2023.
- Forward purchase agreement with Cartica Funds terminated; Cartica Funds had declined to purchase up to $30M shares.
- Administrative support agreement amended: Company ceased paying $312,000 annual CEO salary and $9,000/month for office and support.
- Original 8-K supplemented to confirm Kishore Kondragunta’s independence under Nasdaq listing standards.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.96
Kyle Ingvald Parent was elected as Director at Cartica Acquisition Corp.
- Action
- elected
- Role
- Director
Exact text from the filing
holders of the Company’s Class B ordinary shares elected Suresh Guduru, Suresh Singamsetty, Kishore Kondragunta, Rana Gujral, Kyle Ingvald Parent and John F. Levy as directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.96
Rana Gujral was elected as Director at Cartica Acquisition Corp.
- Action
- elected
- Role
- Director
Exact text from the filing
holders of the Company’s Class B ordinary shares elected Suresh Guduru, Suresh Singamsetty, Kishore Kondragunta, Rana Gujral, Kyle Ingvald Parent and John F. Levy as directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.96
Steven J. Quamme resigned as Interim Chief Executive Officer at Cartica Acquisition Corp.
- Action
- resigned
- Role
- Interim Chief Executive Officer
Exact text from the filing
Subramanian Ramadorai, Keki M. Mistry, Farida Khambata, Parul Bhandari, Asif Ramji and Steven J. Quamme resigned as directors of the Company’s board of directors and Steven J. Quamme resigned as interim Chief Executive Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.96
Subramanian Ramadorai resigned as Director at Cartica Acquisition Corp.
- Action
- resigned
- Role
- Director
Exact text from the filing
Subramanian Ramadorai, Keki M. Mistry, Farida Khambata, Parul Bhandari, Asif Ramji and Steven J. Quamme resigned as directors of the Company’s board of directors and Steven J. Quamme resigned as interim Chief Executive Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.96
Suresh Singamsetty was elected as Director at Cartica Acquisition Corp.
- Action
- elected
- Role
- Director
Exact text from the filing
holders of the Company’s Class B ordinary shares elected Suresh Guduru, Suresh Singamsetty, Kishore Kondragunta, Rana Gujral, Kyle Ingvald Parent and John F. Levy as directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.96
Keki M. Mistry resigned as Director at Cartica Acquisition Corp.
- Action
- resigned
- Role
- Director
Exact text from the filing
Subramanian Ramadorai, Keki M. Mistry, Farida Khambata, Parul Bhandari, Asif Ramji and Steven J. Quamme resigned as directors of the Company’s board of directors and Steven J. Quamme resigned as interim Chief Executive Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.96
Asif Ramji resigned as Director at Cartica Acquisition Corp.
- Action
- resigned
- Role
- Director
Exact text from the filing
Subramanian Ramadorai, Keki M. Mistry, Farida Khambata, Parul Bhandari, Asif Ramji and Steven J. Quamme resigned as directors of the Company’s board of directors and Steven J. Quamme resigned as interim Chief Executive Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.96
Parul Bhandari resigned as Director at Cartica Acquisition Corp.
- Action
- resigned
- Role
- Director
Exact text from the filing
Subramanian Ramadorai, Keki M. Mistry, Farida Khambata, Parul Bhandari, Asif Ramji and Steven J. Quamme resigned as directors of the Company’s board of directors and Steven J. Quamme resigned as interim Chief Executive Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.96
Steven J. Quamme resigned as Director at Cartica Acquisition Corp.
- Action
- resigned
- Role
- Director
Exact text from the filing
Subramanian Ramadorai, Keki M. Mistry, Farida Khambata, Parul Bhandari, Asif Ramji and Steven J. Quamme resigned as directors of the Company’s board of directors and Steven J. Quamme resigned as interim Chief Executive Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.96
Suresh Guduru was elected as Director at Cartica Acquisition Corp.
- Action
- elected
- Role
- Director
Exact text from the filing
holders of the Company’s Class B ordinary shares elected Suresh Guduru, Suresh Singamsetty, Kishore Kondragunta, Rana Gujral, Kyle Ingvald Parent and John F. Levy as directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.96
John F. Levy was elected as Director at Cartica Acquisition Corp.
- Action
- elected
- Role
- Director
Exact text from the filing
holders of the Company’s Class B ordinary shares elected Suresh Guduru, Suresh Singamsetty, Kishore Kondragunta, Rana Gujral, Kyle Ingvald Parent and John F. Levy as directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.96
Suresh Guduru was appointed as Chief Executive Officer and Chairman at Cartica Acquisition Corp.
- Action
- appointed
- Role
- Chief Executive Officer and Chairman
Exact text from the filing
the New Board appointed Suresh Guduru as Chief Executive Officer of the Company and Chairman of the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.96
Kishore Kondragunta was elected as Director at Cartica Acquisition Corp.
- Action
- elected
- Role
- Director
Exact text from the filing
holders of the Company’s Class B ordinary shares elected Suresh Guduru, Suresh Singamsetty, Kishore Kondragunta, Rana Gujral, Kyle Ingvald Parent and John F. Levy as directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.96
Farida Khambata resigned as Director at Cartica Acquisition Corp.
- Action
- resigned
- Role
- Director
Exact text from the filing
Subramanian Ramadorai, Keki M. Mistry, Farida Khambata, Parul Bhandari, Asif Ramji and Steven J. Quamme resigned as directors of the Company’s board of directors and Steven J. Quamme resigned as interim Chief Executive Officer.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Cartica Acquisition Corp terminated Forward Purchase Agreement with Cartica Investors, LP and Cartica Investors II, LP (collectively the "Cartica Funds") (effective 2023-05-23).
- Action
- termination
- Agreement
- equity purchase
- Counterparty
- Cartica Investors, LP and Cartica Investors II, LP (collectively the "Cartica Funds")
- Effective
- 2023-05-23
Exact text from the filing
On May 23, 2023, the Company and Cartica Funds entered into a termination agreement (the “Termination Agreement”) to terminate the Company and Cartica Funds’ rights and obligations under the Forward Purchase Agreement (as defined below).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Cartica Acquisition Corp amended Amendment with Cartica Acquisition Partners, LLC (the "Sponsor") (effective 2023-05-23).
- Action
- amendment
- Counterparty
- Cartica Acquisition Partners, LLC (the "Sponsor")
- Effective
- 2023-05-23
Exact text from the filing
On May 23, 2023, in connection with the Transfer (as defined below), the Company and the Sponsor entered into an amendment to the administrative support agreement (the “Amendment”), pursuant to which the Company has ceased to pay the Sponsor for (i) the cash compensation to the Chief Executive Officer in the form of an annual salary of $312,000 and (ii) $9,000 per month for office space, utilities, and research, analytical, secretarial and administrative support.
View on SEC.gov
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