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Yotta Acquisition Corp (YOTAR) is asking shareholders to vote on four proposals tied to extending its search for a business combination. The company proposes to extend the deadline to complete a business combination from October 22, 2025 to April 22, 2027 and to amend the related trust agreement to reflect the same extension, explicitly without depositing any additional funds into the Trust Account. A separate charter amendment would set the net tangible asset threshold so the company will not complete a combination unless it has at least $5,000,001 in net tangible assets at closing or is exempt under Rule 419. The final proposal would allow the meeting chairman to adjourn if there are insufficient votes to approve the extension proposals.
Yotta Acquisition Corp (YOTAR) is asking shareholders to vote on four proposals at a special meeting. Proposal 1 would amend the companys amended charter to extend the deadline to complete a business combination from October 22, 2025 to October 22, 2026 (the "Extended Date") without depositing additional funds into the trust account. Proposal 2 would amend the investment management trust agreement to extend the Business Combination Period to October 22, 2026, also without depositing additional funds. Proposal 3 would modify the net tangible asset requirement so the company must have at least $5,000,001 in net tangible assets at closing or be exempt from Rule 419. Proposal 4 would allow the chairman to adjourn the meeting to solicit further proxies if needed.
Yotta Acquisition Corporation is asking shareholders to vote on four proposals at a Special Meeting. Proposal 1 would amend the companys charter to extend the deadline to complete a business combination from October 22, 2025 to October 22, 2026 (the "Extended Date") without depositing any additional funds into the trust. Proposal 2 would amend the investment management trust agreement to extend the Business Combination Period to October 22, 2026, likewise without additional deposits to the Trust Account. Proposal 3 would revise the net tangible asset requirement so the company will not consummate a business combination unless it has at least $5,000,001 in net tangible assets upon closing or is otherwise exempt from Rule 419. Proposal 4 authorizes the chairman to adjourn the Special Meeting if more time is needed to solicit votes.