8-K
filed April 8, 2024, 7:59 PM ET
CIK 0001848437
other material
confidence high
sentiment neutral
materiality 0.65
Cartica Acquisition Corp: debt financing — Cartica Acquisition Corp extends deadline to Jan 7, 2025; ~$21.9M redeemed
Cartica Acquisition Corp
- Shareholders approved extension of business combination deadline from April 7, 2024 to January 7, 2025.
- 1,964,993 Class A shares redeemed for ~$21.87M ($11.13 per share), leaving 2,249,422 Class A shares outstanding.
- Sponsor issued up to $360K promissory note for nine monthly $40K trust deposits through Jan 2025.
- Working capital note increased by $500K to $1.25M via Amendment No. 2 on April 4, 2024.
- Charter Amendment filed and effective April 3, 2024.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Cartica Acquisition Corp amended loan of increase the principal sum from $750,000 to $1,250,000 with Cartica Acquisition Partners, LLC at bears no interest maturing repayable in full upon the earlier of (a) the date of the consummation of the Company’s initial business combination and (b) the date of the Company’s liquidati.
- Instrument
- loan
- Principal
- increase the principal sum from $750,000 to $1,250,000
- Counterparty
- Cartica Acquisition Partners, LLC
- Rate
- bears no interest
- Maturity
- repayable in full upon the earlier of (a) the date of the consummation of the Company’s initial business combination and (b) the date of the Company’s liquidati
- Event
- amendment
Exact text from the filing
On April 4, 2024 the Working Capital Note was further amended to increase the principal sum from $750,000 to $1,250,000 (the “Second Amendment”).
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Cartica Acquisition Corp incurred loan of up to $360,000 with Cartica Acquisition Partners, LLC at bears no interest maturing payable in full upon the earlier of (i) the date of the consummation of the Company’s initial business combination, and (ii) the date of the liquidation of the.
- Instrument
- loan
- Principal
- up to $360,000
- Counterparty
- Cartica Acquisition Partners, LLC
- Rate
- bears no interest
- Maturity
- payable in full upon the earlier of (i) the date of the consummation of the Company’s initial business combination, and (ii) the date of the liquidation of the
- Event
- incurrence
Exact text from the filing
On April 4, 2024, Cartica Acquisition Corp , a special purpose acquisition company incorporated as a Cayman Islands exempted company (the “Company”), issued a promissory note (the “Extension Note”) to Cartica Acquisition Partners, LLC (the “Sponsor”), a Delaware limited liability company, the Company’s sponsor, pursuant to which the Sponsor agreed to loan the Company up to $360,000 in connection with the extension of the Company’s termination date from April 7, 2024 to January 7, 2024 (the “Extension”).
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Cartica Acquisition Corp: Amended charter to extend business combination deadline from April 7, 2024 to January 7, 2025 (effective 2024-04-03).
- Change
- charter amendment
- Effective
- 2024-04-03
Exact text from the filing
The Charter Amendment went effective as of April 3, 2024 and was filed by the Company with the Cayman Islands Registrar of Companies.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Cartica Acquisition Corp amended Working Capital Note (Second Amendment) with Cartica Acquisition Partners, LLC valued at increase from $750,000 to $1,250,000 (effective 2024-04-04).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Cartica Acquisition Partners, LLC
- Value
- increase from $750,000 to $1,250,000
- Effective
- 2024-04-04
Exact text from the filing
On April 4, 2024 the Working Capital Note was further amended to increase the principal sum from $750,000 to $1,250,000 (the “Second Amendment”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Cartica Acquisition Corp entered into Extension Promissory Note with Cartica Acquisition Partners, LLC valued at up to $360,000 (effective 2024-04-04).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Cartica Acquisition Partners, LLC
- Value
- up to $360,000
- Effective
- 2024-04-04
Exact text from the filing
On April 4, 2024, Cartica Acquisition Corp , a special purpose acquisition company incorporated as a Cayman Islands exempted company (the “Company”), issued a promissory note (the “Extension Note”) to Cartica Acquisition Partners, LLC (the “Sponsor”), a Delaware limited liability company, the Company’s sponsor, pursuant to which the Sponsor agreed to loan the Company up to $360,000 in connection with the extension of the Company’s termination date from April 7, 2024 to January 7, 2024 (the “Extension”).
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Cartica Acquisition Corp shareholders approved Extension Amendment Proposal at the 2024-04-03 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2024-04-03
Exact text from the filing
The final voting results for the Extension Amendment Proposal are as follows: For Against Abstain Broker Non-Votes 8,975,082 150,000 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 at the 2024-04-03 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-04-03
Exact text from the filing
The final voting results for the Auditor Ratification Proposal are as follows : For Against Abstentions Broker Non-Votes 9,151,234 0 0 0
View on SEC.gov
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