[8-K] Yotta Acquisition Corp Reports Material Event

Rhea-AI Filing Summary

Yotta Acquisition Corporation has terminated its planned business combination with DRIVEiT Financial Auto Group, Inc. The company delivered written notice on March 4, 2026, ending the Business Combination Agreement dated August 20, 2024 in accordance with Article 10 of that agreement.

The termination became effective on March 4, 2026, and no separate termination agreement was entered into. This leaves Yotta, a special purpose acquisition company, without this previously announced merger partner and may affect its strategic path to completing a business combination.

Insights

SPAC and M&A analyst

Yotta’s merger with DRIVEiT is canceled, removing its identified deal target.

Yotta Acquisition Corporation ended its Business Combination Agreement with DRIVEiT Financial Auto Group, Inc., effective March 4, 2026, under Article 10 of the agreement. No separate termination agreement was put in place, and no additional terms or payments are described.

For a SPAC, canceling a signed business combination removes the defined path to de‑SPACing and reintroduces execution risk around finding and closing an alternative transaction within its remaining lifecycle. The filing does not provide reasons or replacement plans, so subsequent disclosures will be important to understand next steps.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934

Date of Report: March 4, 2026

Yotta Acquisition Corporation

(Exact Name of Registrant as Specified in its Charter)

Delaware		001-41357		00-0000000 N/A
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

1185 Avenue of the Americas, Suite 301 New York, NY		10036
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (212) 612-1400

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of exchange on which registered
Units		YOTAU		The Nasdaq Stock Market LLC
Common Stock		YOTA		The Nasdaq Stock Market LLC
Warrants		YOTAW		The Nasdaq Stock Market LLC
Rights		YOTAR		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.02 Termination of a Material Definitive Agreement

On March 4, 2026, Yotta Acquisition Corporation, a Delaware corporation (the “Company”), provided written notice of its election to terminate that certain Business Combination Agreement, dated as of August 20, 2024 (the “Business Combination Agreement”), by and among the Company and DRIVEiT Financial Auto Group, Inc. and the other parties thereto.

Pursuant to Article 10 of the Business Combination Agreement, the Company elected to terminate the Business Combination Agreement in accordance with its terms, effective as of March 4, 2026.

The Business Combination Agreement was previously disclosed in the Company’s filings with the Securities and Exchange Commission. No termination agreement was entered into in connection with the termination of the Business Combination Agreement.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

YOTTA ACQUISITION CORPORATION
By:	/s/ Hui Chen
Name:	Hui Chen
Title:	Chief Executive Officer
Date:	March 10, 2026

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Filing Exhibits & Attachments

4 documents

Other Documents

• EX-101 XBRL SCHEMA FILE 3.6 KB
• EX-101 XBRL DEFINITION FILE 26.6 KB
• EX-101 XBRL LABEL FILE 36.5 KB
• EX-101 XBRL PRESENTATION FILE 25.2 KB