Nidar Infrastructure and Cartica Acquisition Corp Move Closer to Business Combination Following SEC Registration Effectiveness

The registration statement on Form F-4 filed with the Securities and Exchange Commission in connection with the proposed business combination between Cartica Acquisition Corp and Nidar Infrastructure Limited has become effective, marking a significant regulatory milestone. This development clears the path for the combination that would see Nidar's operating subsidiary, Yotta Data Services, become a publicly-listed entity following shareholder approval and satisfaction of customary closing conditions.

Upon completion of the 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. This transition to public markets represents a crucial step in Yotta's strategy to expand India's position in the global artificial intelligence and cloud infrastructure landscape. The company's leadership emphasizes that this move will facilitate access to global capital markets and accelerate growth initiatives.

Sunil Gupta, co-founder and CEO of Nidar and Yotta, stated that the registration effectiveness positions the company to execute on its vision to build India's most trusted and globally competitive AI and cloud infrastructure platform. Gupta highlighted Yotta's fully integrated 'concrete-to-cloud' capabilities, which span hyperscale data centers, sovereign cloud platforms, and AI compute services, creating what the company believes is 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, pointed to Yotta's recent achievements as evidence of its growing market position. Over the past year, Yotta has expanded partnerships with NVIDIA and Microsoft, collaborated with 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.

Suresh Guduru, CEO of Cartica, expressed confidence in the partnership, stating that the business combination reflects Cartica's belief in the immense potential of India's technology infrastructure and AI ecosystem. Guduru anticipates that the transaction 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.

Cartica has scheduled its extraordinary general meeting of shareholders 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. Shareholders who owned Cartica Class A and Class B shares at the close of business on November 3, 2025, the record date for the meeting, will be entitled to vote. The definitive proxy statement/prospectus with voting instructions will be mailed to eligible shareholders.

The Cartica Board of Directors has unanimously recommended that shareholders vote "FOR" the proposed business combination as well as for the other proposals set forth in the proxy statement/prospectus. A copy of the Registration Statement can be accessed via the SEC website at https://www.sec.gov. The proposed business combination is expected to close shortly after shareholder approval and satisfaction of other customary closing conditions described in the proxy statement/prospectus contained in the Registration Statement.