Yotta Acquisition said its shareholders voted in favor of extending the SPAC’s merger deadline in monthly increments up until April 2024. Yotta has a merger agreement with with seafood company NaturalShrimp.
The SPAC’s sponsor deposited $120,000 into trust for an extension until May 22.
Separately, Natural Shrimp said it filed an updated S-4 on the deal, which now has a valuation of $175 million — down from $275 million at announcement in October. Read more.
