Cartica Acquisition Corp (Nasdaq: CITE) has announced changes to its extraordinary general meeting of shareholders. The Special Meeting has been postponed from December 26, 2024, to January 3, 2025 at 9:00 a.m. Eastern Time, with a new location at Morrison & Foerster LLP in New York. The record date remains November 27, 2024.
The company has extended the deadline for redemption requests from Class A ordinary shareholders to December 31, 2024, at 5:00 p.m. Eastern Time. Previously submitted votes remain valid unless shareholders choose to change them. The voting deadline is set for January 2, 2025, at 12:00 p.m. Eastern Time.
Nidar Infrastructure , India's leading data center provider for AI and high-performance computing, has entered into a definitive Business Combination Agreement with Cartica Acquisition Corp (Nasdaq: CITE). The transaction values Nidar's pre-transaction equity at approximately $2.75 billion. This merger will enable Nidar to access US capital markets and expand its offerings, including colocation, managed, cloud, and AI services. Post-merger, Nidar will become a publicly listed company with shares and warrants expected to list on a major US stock exchange. The merger completion is subject to customary closing conditions and shareholder approvals.
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