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Yotta set to debut on Nasdaq as SEC okays Cartica merger
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The US Securities and Exchange Commission (SEC) has cleared the merger of Yotta Data Services with Cartica Acquisition Corp, a special purpose acquisition company (SPAC), setting the stage for the data centre company to list on the Nasdaq.
Hiranandani Group’s Nidar Infrastructure Ltd, the parent company of Yotta, had filed final papers for the initial public offering (IPO) last December.
The listing is expected to raise around $463 million, which will be used primarily for expanding Graphics Processing Unit (GPU) infrastructure, according to a…
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