The Latest Non-Redemption Agreements: June 27, 2023
by Marlena Haddad on 2023-06-27 at 5:33pm

Latest Non-Redemption Agreements: Cartica 


Cartica Acquisition Corp. (CITE) Adds Non-Redemption Agreement

On June 26, 2023, Cartica Acquisition Corp (NASDAQ:CITE) entered into certain non-redemption agreements with unaffiliated institutional investors in exchange for the Holders agreeing either not to request redemption, or to reverse any previously submitted redemption demand with respect to an aggregate of 3,150,000 Class A ordinary shares.

In consideration of the foregoing agreement, the Company shall issue to the Holders an aggregate of 787,500 Class A ordinary shares substantially concurrently with or immediately after, the closing of an initial business combination.

As of the date of this report, we have entered into Non-Redemption Agreements with respect to an aggregate of 3,850,000 Class A ordinary shares, and have agreed to issue an aggregate of 962,500 New Shares.

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