secwatch.observer — SEC 8-K summary
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Issuer:     Cartica Acquisition Corp (—)
CIK:        0001848437
Form:       8-K/A
Filed at:   2023-07-12T23:59:59+00:00
Accession:  0001104659-23-080337
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 1.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cartica Acquisition Corp completes change in control; Namaste acquires Sponsor interests, new board and CEO appointed
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1848437/000110465923080337/0001104659-23-080337-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1848437/000110465923080337/tm2321041d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-080337

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer