Cartica Acquisition Corp. to Merge with Nidar Infrastructure Limited
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Cartica Acquisition Corp. and Nidar Infrastructure Limited have agreed to a two-step merger process. Yotta Data and Cloud Limited will merge with Cartica, making Cartica a subsidiary of Nidar. Subsequently, Cartica will merge into Nidar, which will be the surviving entity. A forward purchase agreement allows Harraden Circle Investors, LP to buy up to 900,000 Cartica Class A shares in the open market before the transaction closes.
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