Quetta Acquisition extends deadline to Oct 2026; 58% of shares redeemed, trust drops to ~$18M

Quetta Acquisition Corp

Stockholders approved extending business combination deadline from Jan 10, 2025 to Oct 10, 2026 with up to 21 monthly extensions at $60k each.
5,199,297 shares (58% of outstanding) redeemed for ~$55.2M (~$10.608 per share), leaving ~$18.04M in trust.
Post-redemption, 3,747,748 shares outstanding; sponsor pays excise tax and dissolution expenses.
Acquisition criteria expanded to include entities with principal operations in China, Hong Kong, and Macau.
Trust amendment allows 45-day cure period for missed extension payments with 3% interest.

item 1.01 item 5.03 item 5.07 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Quetta Acquisition Corp: Amended certificate of incorporation to extend business combination deadline from January 10, 2025 to October 10, 2026, with up to 21 monthly extensions (effective 2025-01-10).

Change: charter amendment
Effective: 2025-01-10

Exact text from the filing

to extend the date by which the Company has to consummate a business combination from January 10, 2025 until October 10, 2026

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Quetta Acquisition Corp filing history →

Source: SEC EDGAR

accession 0001829126-25-000186

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