Nidar Infrastructure Limited, the parent company of Yotta Data Services, and Cartica Acquisition Corp (OTCQB: CRTAF, CRTUF, CRTWF) announced today that the U.S. Securities and Exchange Commission (SEC) has declared effective the registration statement on Form F-4 related to their proposed business combination. The companies also set an extraordinary general meeting of Cartica shareholders for November 28, 2025, to vote on the transaction.
The proposed business combination is expected to close shortly after Cartica shareholders approve the deal and other customary conditions are met, as outlined in the proxy statement/prospectus contained in the registration statement, which is available on the SEC website at www.sec.gov. Upon completion, the combined company plans to list its ordinary shares and warrants on The Nasdaq Global Market under the ticker symbols "YTTA" and "YTTAW," respectively.
Sunil Gupta, co-founder and CEO of Nidar and Yotta, said: "The effectiveness of our Registration Statement marks an important milestone in our journey to becoming a publicly-listed company. It positions us to execute on Yotta’s vision to build India’s most trusted and globally competitive AI and cloud infrastructure platform. Through our fully integrated ‘concrete-to-cloud’ capabilities, spanning hyperscale data centers, sovereign cloud platforms, and AI compute services, we believe we have created a foundation capable of meeting the world’s most demanding digital workloads."
Darshan Hiranandani, co-founder of Nidar and Director of Nidar’s largest shareholder, added: "Over the past year, Yotta has expanded partnerships with NVIDIA, Microsoft, leading central government institutions, large banks, enterprises and research institutes, delivered more than half of the GPU capacity to the IndiaAI Mission, and continued to pioneer sovereign cloud innovation through platforms like Shakti Cloud and Yntraa Cloud. As we move toward closing, we anticipate continuing to accelerate India’s role as a global hub for AI and high-performance computing."
Suresh Guduru, CEO of Cartica, stated: "Our partnership with Nidar reflects our belief in the immense potential of India’s technology infrastructure and AI ecosystem. We believe this Business Combination will position Yotta to accelerate its growth, expand access to global capital markets, and capture a leading role in powering the next wave of digital transformation in India and beyond."
The extraordinary general meeting will be held via live audio webcast at https://www.cstproxy.com/carticaspac/egm2025 on November 28, 2025, at 10:00 a.m. Eastern Time. Cartica shareholders of record as of November 3, 2025, are entitled to vote, with one vote per share. The Cartica Board of Directors unanimously recommends voting "FOR" the business combination and related proposals.
Nidar, through Yotta Data Services, designs, builds, and operates Tier III and IV data centers in India, offering hyperscale and enterprise colocation, cloud, and managed services. It is currently India’s leading data center provider for AI high-performance computing (AI HPC) and has developed India’s first indigenous AI HPC cloud. Cartica Acquisition Corp is a blank check company formed for the purpose of effecting a business combination.
