Cartica Acquisition priced its initial public offering of 20 million units at a price of $10 per unit.
The company intends to focus its efforts on completing a business combination with an India-based technology firm.
The units will be listed on the Nasdaq and trade under the ticker symbol “CITEU” starting today. Each consists of one Class A ordinary share and one-half of one redeemable warrant.
Once the securities begin separate trading, shares and warrants are expected to list under the symbols “CITE” and “CITEW”, respectively. The offering is expected to close Jan. 7, 2022.
J.P. Morgan Securities is sole book running manager for the offering. Read more.
