NEW YORK, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Cartica Acquisition Corp (OTCQB: “CRTAF”, “CRTUF”, “CRTWF”) (“Cartica”), a publicly-traded special purpose acquisition company, and Nidar Infrastructure Limited (“Nidar” or the “Company”), parent of Yotta Data Services (“Yotta”), announced today that, the registration statement on Form F-4, as amended (the “Registration Statement”), filed with the Securities and Exchange Commission (the “SEC”) in connection with the previously announced proposed business combination (the “Business Combination”) between Cartica and Nidar, has become effective.
The proposed Business Combination is expected to close shortly after approval by Cartica’s shareholders and the satisfaction of other customary closing conditions as described in the proxy statement/prospectus contained in the Registration Statement. A copy of the Registration Statement can be accessed via the SEC website at www.sec.gov. Upon completion of the proposed Business Combination, the combined company is expected to list its ordinary shares and warrants on The Nasdaq Global Market under the ticker symbols “YTTA” and “YTTAW,” respectively.
“The effectiveness of our Registration Statement marks an important milestone in our journey to becoming a publicly-listed company,” said Sunil Gupta, co-founder and CEO of Nidar and Yotta. “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.”
Extraordinary General Meeting of Shareholders
Cartica has scheduled its extraordinary general meeting of shareholders (the “Extraordinary General Meeting”) to approve the proposed Business Combination and related matters via live audio webcast at https://www.cstproxy.com/carticaspac/egm2025 on November 28, 2025 at 10:00am Eastern Time.
Cartica shareholders will be entitled to vote or direct votes to be cast at the Extraordinary General Meeting if they owned Cartica Class A and Class B shares at the close of business on November 3, 2025, which is the record date for the Extraordinary General Meeting. Cartica shareholders will have one vote for each Cartica share owned at the close of business on the record date and will receive by mail the definitive proxy statement/prospectus with instructions on how to vote their shares.
The Cartica Board of Directors unanimously recommends that shareholders vote “FOR” the proposed Business Combination as well as for the other proposals that are set forth in the proxy statement/prospectus.
About Nidar and Yotta
Nidar, through its operating subsidiary Yotta Data Services, is a data center solutions and services provider headquartered in Mumbai, India. Nidar designs, builds and operates Tier III and IV data centers primarily in India, offering both hyperscale colocation and enterprise colocation, cloud and managed services. Through its existing facilities, Nidar is currently India’s leading data center provider for artificial intelligence high performance computing (“AI HPC”). Nidar provides purpose-built data centers for the cloud revolution in India and AI services. Nidar has developed India’s first indigenous AI HPC cloud, delivering cutting-edge GPU computing infrastructure, platforms, and services. Nidar provides services through three product lines generally categorized as (i) colocation, (ii) cloud and managed services and (iii) AI services.
About Cartica
Cartica Acquisition Corp. is a blank check company incorporated on February 3, 2021 as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.
Advisors
GLC Securities LLC serves as financial advisor to Nidar. Allen Overy Shearman Sterling US LLP, SNG & Partners, and Harney Westwood & Riegels (Cayman) LLP are acting as legal counsel to Nidar. Morrison & Foerster LLP, Khaitan & Co, Appleby (Cayman) Ltd. and Appleby (Mauritius) are acting as legal counsel to Cartica. Oppenheimer & Co. Inc. serves as lead capital markets advisor for Cartica and Nidar, with Imperial Capital LLC and Roth Capital Partners, LLC acting as capital markets advisors and financial advisors. Lowenstein Sandler LLP is acting as legal counsel to Oppenheimer & Co. Alliance Advisors Investor Relations serves as investor relations and public relations advisor for the transaction.
ADDITIONAL INFORMATION AND WHERE TO FIND IT
In connection with the Business Combination, Nidar and Cartica have prepared, and Nidar has filed, a registration statement (Registration No. 333-283189) (the “Registration Statement”) containing a proxy statement/prospectus and certain other related documents, which will be both the proxy statement to be distributed to Cartica’s shareholders in connection with Cartica’s solicitation of proxies for the vote by Cartica’s shareholders with respect to the Business Combination and other matters described in the Registration Statement, as well as the prospectus relating to the offer and sale of the securities to be issued in connection with the Business Combination. Cartica will mail the definitive proxy statement/prospectus and other relevant documents to its shareholders as of the record date established for voting on the Business Combination. This Press Release is not a substitute for the Registration Statement, the definitive proxy statement/prospectus or any other document that Cartica will send to its shareholders in connection with the Business Combination.
SHAREHOLDERS OF CARTICA ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE BUSINESS COMBINATION THAT NIDAR AND CARTICA WILL FILE OR HAVE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTIONS AND THE PARTIES TO THE PROPOSED TRANSACTIONS.
Investors and security holders will be able to obtain free copies of the Registration Statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by Nidar or Cartica through the website maintained by the SEC at www.sec.gov.