Cartica Acquisition Corp. (CITEU) Prices $200M IPO


Cartica Acquisition Corp. (CITEU) Prices $200M IPO

Cartica Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CITEU” Wednesday, January 5.

The new SPAC intends to combine with an innovative, technology-focused business based in India with an equity value of approximately $1 billion or higher. Cartica is led by Chairman nominee Asif Ramji, CEO Sanjeev Goel, and COO and CFO C. Brian Coad.

Total SPAC deal count for 2022 year-to-date is now 1. This offering is expected to close on Friday, January 7.

J.P. Morgan Securities LLC is acting as sole book-running manager for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.