---
title: "Cartica Acquisition Signs Multiple Material Agreements"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/271846309.md"
description: "Cartica Acquisition has signed multiple agreements to unwind its proposed merger with Nidar Infrastructure, including a Termination Agreement providing $7 million in monthly expense payments through July 2026. A backstop side letter with Namaste Universe Sponsor ensures funding if Nidar defaults. With the merger terminated, Cartica plans to redeem public shares and proceed to liquidation in February 2026. The agreements formalize the unwind and settle obligations of the terminated merger, with mutual releases and limited indemnity support."
datetime: "2026-01-07T22:23:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/271846309.md)
  - [en](https://longbridge.com/en/news/271846309.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/271846309.md)
---

# Cartica Acquisition Signs Multiple Material Agreements

Cartica Acquisition entered into agreements to unwind its proposed merger with Nidar Infrastructure and address related obligations. The parties executed a Termination Agreement that provides $7 million of monthly expense payments through July 2026, mutual releases, and limited indemnity and insurance support. Cartica, its sponsor, and Namaste Universe Sponsor also signed a backstop side letter to ensure timely funding if Nidar misses any installment. With the merger terminated, Cartica plans to redeem public shares and proceed to liquidation in February 2026.

**Agreement 1: Cartica Acquisition Signs Termination Agreement With Nidar Infrastructure**

-   **Agreement type**: Termination Agreement for prior Business Combination Agreement
-   **Counterparty**: Nidar Infrastructure
-   **Signed / Effective**: Jan 07 2026 / Jan 07 2026
-   **Duration / Termination**: At will
-   **Reason**: Formalize unwind and settle obligations of terminated merger

**Agreement 2: Cartica Acquisition Signs Backstop Side Letter With Namaste Universe Sponsor**

-   **Agreement type**: Backstop side letter for expense payments
-   **Counterparty**: Namaste Universe Sponsor
-   **Signed / Effective**: Jan 07 2026 / Jan 07 2026
-   **Duration / Termination**: Through Expense Payments period
-   **Reason**: Ensure timely funding of expense payments if Nidar defaults

**Agreement 3: Cartica Acquisition Terminates Business Combination Agreement With Nidar Infrastructure**

-   **Agreement terminated**: Business Combination Agreement
-   **Counterparty**: Nidar Infrastructure
-   **Original agreement date**: Jun 24 2024
-   **Termination date**: Jan 07 2026
-   **Termination type**: mutual
-   **Exit fees / payments**: $7,000,000 expense payments; indemnity capped at $500,000; insurance premium up to $500,000; $500,000 deductible
-   **Reason**: Parties ended proposed merger; SPAC cannot complete a combination by deadline

Original SEC Filing: Cartica Acquisition Corp \[ CRTAF \] - 8-K - Jan. 07, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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