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Cartica Acquisition Corp 8-K Report: Securities Offering Insights

$CITE
Form 8-K
Filed on: 2025-01-10
Source
Cartica Acquisition Corp 8-K Report: Securities Offering Insights

Based on the provided XML section of the financial report from Cartica Acquisition Corp, here are the key extracted elements:

  1. Company Information:
  • Entity Name: Cartica Acquisition Corp
  • CIK: 0001848437
  • Address: 1345 Avenue of the Americas, 11th Floor, New York, NY 10105
  • Contact: +1-202-741-3677
  1. Filing Type:
  • Form Type: 8-K
  • Filing Date: January 3, 2025
  1. Securities Information:
  • Units Offered: Each unit consists of one Class A Ordinary Share and one-half of one Redeemable Warrant.
  • Class A Ordinary Share: Par value of $0.0001 per share.
  • Redeemable Warrants: Associated with the Class A Ordinary Shares.
  1. Stock Exchange Listings:
  • Class A Ordinary Shares: Listed on NASDAQ under the ticker symbol CITE.
  • Redeemable Warrants: Listed on NASDAQ under the ticker symbol CITEW.
  1. Reporting Context:
  • Reporting Date: January 3, 2025.
  • Type of Issuance: The report indicates that the filing is related to units, shares, and warrants, which suggest that the company is likely engaging in a securities offering or related financial activity.
  1. Units and Shares:
  • The report details that the financials are presented in USD and shares, indicating the financial metrics or measurements will be denominated in these units.

Insights:

  • The filing indicates ongoing activities in the capital markets, particularly related to the issuance of equity and warrants.
  • The structure of the units suggests a strategy to attract investors by bundling shares with warrants, potentially enhancing the attractiveness of the offering.
  • The low par value of the Class A Ordinary Shares indicates a common practice among SPACs and acquisition companies, aimed at maximizing investor participation.

These elements collectively provide a snapshot of Cartica Acquisition Corp's current financial positioning and its operational activities as of the reporting date.