Quetta Acquisition Corp. agrees to acquire KM QUAD for $300M in stock

Quetta Acquisition Corp

Aggregate consideration of $300M payable in 30M Purchaser Ordinary Shares valued at $10.00 each.
KM QUAD is parent of Jiujiang Lida Technology, a Chinese automotive protective film maker with 113 IP rights and distribution in 200+ cities.
Post-closing board: 5 members; QUAD designates 4 (2 independent), QETA designates 1 independent.
Certain QETA shareholders subject to 6-month lock-up; break-up fee of $1.5M for either party if termination for breach.
Closing subject to shareholder approvals, SEC effectiveness, PRC regulatory approvals, and Nasdaq listing.

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