Cartica Acquisition terminates merger with Nidar; will liquidate and redeem public shares

Cartica Acquisition Corp

Terminated Business Combination Agreement with Nidar Infrastructure, originally signed June 24, 2024.
Nidar pays $7M in seven monthly installments for Cartica expenses; $500k insurance cap.
Nidar issued $21.9M convertible note and 15.9M warrants to Sponsor; SPAC receives no securities.
Cartica will cease operations and redeem public shares on Feb 7, 2026, at trust account value.
Backstop side letter ensures expense payments if Nidar defaults; Sponsor and Namaste guarantee.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Cartica Acquisition Corp terminated Termination Agreement with Nidar Infrastructure Limited valued at Nidar to pay $7,000,000 in seven equal monthly installments beginning January 31, 2026 and ending Ju (effective 2026-01-07).

Action: termination
Agreement: merger
Counterparty: Nidar Infrastructure Limited
Value: Nidar to pay $7,000,000 in seven equal monthly installments beginning January 31, 2026 and ending Ju
Effective: 2026-01-07

Exact text from the filing

Termination Agreement On January 7, 2026, Cartica, Nidar, Merger Sub and Cartica Acquisition Partners, LLC (the “ Sponsor ”) entered into a Termination of the Business Combination Agreement (the “ Termination Agreement ”) to terminate the Business Combination Agreement

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Source: SEC EDGAR

accession 0001104659-26-001822

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