Yotta Acquisition Corp. (YOTAU) Prices $100M IPO

Yotta Acquisition Corp. priced its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “YOTAU” Wednesday, April 20, 2022.

The new SPAC intends to focus on high technology, blockchain, software and hardware, e-commerce, social media, and other general business industries globally. Yotta is led by CEO Hui Chen, and CFO Robert L. Labbe.

Total SPAC deal count for 2022 year-to-date is now 58. This offering is expected to close on Friday, April 22.

Chardan is acting as the sole bookrunner of the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Hunter Taubman Fischer & Li LLC serving as Underwriter’s Counsel. Marcum, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.