Cartica Acquisition Corp (CRTWF) is asking shareholders at a Special Meeting on October 3, 2025 to approve three proposals: a Fourth Charter Extension to move the deadline to complete a business combination from October 7, 2025 to February 7, 2026 to permit completion of the Nidar Business Combination; ratification of CBIZ CPAs P.C. as independent auditor for the year ending December 31, 2025; and an Adjournment proposal to allow further solicitation if there are insufficient votes. Cartica reminds holders that it raised $245.9 million in gross proceeds from its 2022 IPO and related private placement and that, absent the extension, trust account proceeds would be returned and the company would liquidate. The Sponsor and directors intend to vote in favor. The Sponsor/Certain insiders hold a controlling stake: the Sponsor holds 4,750,000 shares (77.89%) and 700,000 Class B shares as disclosed.
Cartica Acquisition Corp (CRTWF) is seeking shareholder approval to extend its charter deadline to consummate a business combination from October 7, 2025 to February 7, 2026 (the Fourth Charter Extension Date). The Special Meeting is set for October 3, 2025 at 10:00 a.m. ET and includes three proposals: the Fourth Extension Amendment Proposal, ratification of CBIZ CPAs P.C. as auditor for the year ending December 31, 2025, and an adjournment proposal to allow further solicitation if votes are insufficient.
The company completed an IPO on January 7, 2022 that raised $230.0 million and a concurrent private placement that raised $15.9 million, totaling $245.9 million in gross proceeds. The Sponsor and directors intend to vote in favor of all proposals. Shareholders retain redemption rights whether they vote for or against the extension. If the extension is not approved and no adjournment is obtained, proceeds held in trust would be returned to public shareholders, effectively forcing liquidation.