secwatch.observer — SEC 8-K summary
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Issuer:     Cartica Acquisition Corp (—)
CIK:        0001848437
Form:       8-K
Filed at:   2026-01-07T23:59:59+00:00
Accession:  0001104659-26-001822
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 1.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1848437/000110465926001822/0001104659-26-001822-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1848437/000110465926001822/tm262277d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-001822

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