Cartica Acquisition said if shareholders approve a deadline extension up to January 2025, the SPAC will arrange for the deposit of $40,000 into trust for each of the nine months from its current deadline in April. The vote is set for April 3.
The SPAC held $46.68 million as of March 1, according to a proxy filing.
Cartica originally raised $200 million in a January 2022 IPO with plans to focus on a business combination with an India-based technology firm. Read more.
