Yotta set to debut on Nasdaq as SEC okays Cartica merger

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The US Securities and Exchange Commission (SEC) has cleared the merger of Yotta Data Services with Cartica Acquisition Corp, a special purpose acquisition company (SPAC), setting the stage for the data centre company to list on the Nasdaq.

Hiranandani Group’s Nidar Infrastructure Ltd, the parent company of Yotta, had filed final papers for the initial public offering (IPO) last December.

The listing is expected to raise around $463 million, which will be used primarily for expanding Graphics Processing Unit (GPU) infrastructure, according to a…



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Yotta set to debut on Nasdaq as SEC okays Cartica merger



The US Securities and Exchange Commission (SEC) has cleared the merger of Yotta Data Services with Cartica Acquisition Corp, a special purpose acquisition company (SPAC), setting the stage for the data centre company to list on the Nasdaq.

Hiranandani Group’s Nidar Infrastructure Ltd, the parent company of Yotta, had filed final papers for the initial public offering (IPO) last December.

The listing is expected to raise around $463 million, which will be used primarily for expanding Graphics Processing Unit (GPU) infrastructure, according to a…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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