Cartica Acquisition Corp: Nasdaq/NYSE listing notice — Cartica Acquisition Corp receives Nasdaq delisting notice; approves extension but sees large redemptions

Cartica Acquisition Corp

Nasdaq notified company on Jan 6, 2025 that securities will be suspended and delisted effective Jan 13, 2025 for failing to complete a business combination within 36 months.
Shareholders approved extension of termination date from Jan 7, 2025 to Oct 7, 2025 at Jan 3 extraordinary general meeting.
901,326 Public Shares redeemed for ~$10.56M ($11.72/share); remaining Class A shares outstanding: 1,348,096.
Sponsor issued promissory note of up to $121,328.64 to fund monthly deposits of $40,442.88 for extension through April 2025.
Company continues to work on business combination with Nidar Infrastructure Limited; OTC trading expected post-delisting.

item 1.01 item 2.03 item 3.01 item 5.03 item 5.07 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.82

Cartica Acquisition Corp received a nasdaq delisting notice notice regarding other (rules IM-5101-2).

Exchange: nasdaq
Notice: delisting notice
Rules: IM-5101-2

Exact text from the filing

January 13, 2025 and (iii) a Form 25-NSE will be filed with the Securities and Exchange Commission (the “SEC”), which will remove the Company’s securities from listing and registration on Nasdaq. Under Rule IM-5101-2, a special purpose acquisition company must complete one or more business combinations within 36 months of the effectiveness of its initial public offering registration statement. Since the Company failed to complete its initial business combination by January 4, 2025, the Staff concluded that the Company did not comply with Rule IM-5101-2 and that the Company’s securities are now

View on SEC.gov

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Cartica Acquisition Corp received a nasdaq delisting notice notice regarding other (rules IM-5101-2).

Exchange: nasdaq
Notice: delisting notice
Rules: IM-5101-2

Exact text from the filing

January 6, 2025, the Company received a letter from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) stating that, pursuant to Nasdaq Listing Rule IM-5101-2 (“Rule IM-5101-2”), the staff of Nas

View on SEC.gov

Browse all listing & compliance notices →

Source: SEC EDGAR

accession 0001104659-25-002306

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.