Cartica Acquisition Corp. (CITE) Reschedules Extension Vote

Cartica Acquisition Corp. (NASDAQ: CITE) announced this afternoon that it is rescheduling its special meeting from 1:00 p.m. on June 23, to the same time on June 30.

Shareholders will be voting on a proposal to extend the SPAC’s completion deadline from July 7, 2023 to April 7, 2024. Additionally, the ballot will include a proposal to ratify the selection by Cartica’s audit committee of Marcum LLP to serve as its independent registered public accounting firm for the year ending December 31, 2023.

In connection with the rescheduled meeting, the redemption deadline has been extended to 5:00 p.m. on June 28. Any demand for redemption may be withdrawn at any time until the deadline for exercising redemption requests and, thereafter, with the consent of the SPAC.

Cartica announced the pricing of its $200 million IPO in January 2022. The company has not found a target business to combine with just yet, but intends to seek out 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.