Curated News
By: NewsRamp Editorial Staff
November 07, 2025

Cartica and Yotta Clear Key SEC Hurdle for $1B+ Business Combination

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Original Source

TLDR

  • Yotta's public listing through Cartica provides investors access to India's leading AI infrastructure platform with exclusive NVIDIA partnerships and sovereign cloud capabilities.
  • Cartica's SEC-effective F-4 registration enables shareholder approval on November 28, 2025, for combining with Nidar to list Yotta on Nasdaq as YTTA.
  • Yotta's public expansion will accelerate India's AI ecosystem through sovereign cloud platforms and GPU capacity supporting government, banking, and research institutions nationwide.
  • Yotta built India's first indigenous AI cloud and delivers half of IndiaAI Mission's GPU capacity through concrete-to-cloud hyperscale data centers.

Impact - Why it Matters

This business combination represents a significant development in India's rapidly expanding technology infrastructure sector, particularly in artificial intelligence and cloud computing. As digital transformation accelerates globally, the creation of a publicly-listed AI infrastructure company with Yotta's capabilities could substantially enhance India's position in the global technology landscape. For investors, this marks an opportunity to participate in India's growing AI ecosystem through a Nasdaq-listed entity. The combination also signals growing confidence in India's digital infrastructure market, which is experiencing massive growth driven by increasing data consumption, cloud adoption, and AI implementation across industries. This transaction could potentially accelerate India's ambitions to become a global AI hub while providing essential infrastructure for the country's digital economy growth.

Summary

Cartica Acquisition Corp, a publicly-traded special purpose acquisition company, and Nidar Infrastructure Limited, parent of Yotta Data Services, have achieved a significant regulatory milestone with the SEC registration statement on Form F-4 becoming effective for their proposed business combination. This crucial development positions the companies to move forward with their merger, pending shareholder approval at the scheduled extraordinary general meeting on November 28, 2025. The effectiveness of the registration statement marks a pivotal step toward creating a publicly-listed entity that will trade on The Nasdaq Global Market under the ticker symbols "YTTA" and "YTTAW" upon completion of the transaction.

Yotta Data Services, operating under parent company Nidar Infrastructure Limited, represents India's leading data center provider for artificial intelligence high performance computing (AI HPC). The company has established itself as a key player in India's technology infrastructure landscape through strategic partnerships with industry giants like NVIDIA and Microsoft, while also serving major government institutions, financial organizations, and research centers. Yotta's comprehensive "concrete-to-cloud" capabilities span hyperscale data centers, sovereign cloud platforms, and AI compute services, positioning the company to meet the world's most demanding digital workloads and accelerate India's emergence as a global AI hub.

The leadership teams from both organizations have expressed strong confidence in the combination's potential. Sunil Gupta, co-founder and CEO of Nidar and Yotta, emphasized how this milestone advances their vision to build India's most trusted and globally competitive AI and cloud infrastructure platform. Darshan Hiranandani, co-founder of Nidar, highlighted Yotta's recent achievements, including delivering more than half of the GPU capacity to the IndiaAI Mission and pioneering sovereign cloud innovation through platforms like Shakti Cloud and Yntraa Cloud. Suresh Guduru, CEO of Cartica, underscored the belief in India's technology infrastructure potential and how this business combination will position Yotta to accelerate growth and expand access to global capital markets.

Source Statement

This curated news summary relied on content disributed by citybiz. Read the original source here, Cartica and Yotta Clear Key SEC Hurdle for $1B+ Business Combination

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