secwatch.observer — SEC 8-K summary
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Issuer:     Quetta Acquisition Corp (QETA)
CIK:        0001978528
Form:       8-K
Filed at:   2025-02-14T23:59:59+00:00
Accession:  0001829126-25-001010
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1978528/000182912625001010/0001829126-25-001010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1978528/000182912625001010/quettaacq_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-25-001010

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