secwatch.observer — SEC 8-K summary
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Issuer:     Cartica Acquisition Corp (—)
CIK:        0001848437
Form:       8-K
Filed at:   2025-01-10T23:59:59+00:00
Accession:  0001104659-25-002306
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.03, 3.01, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cartica Acquisition Corp receives Nasdaq delisting notice; approves extension but sees large redemptions
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1848437/000110465925002306/0001104659-25-002306-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1848437/000110465925002306/tm252252d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-002306

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