Nidar Infrastructure and Cartica Acquisition Corp Move Closer to Business Combination with SEC F-4 Effectiveness

The Securities and Exchange Commission has declared effective the registration statement on Form F-4 for the proposed business combination between Cartica Acquisition Corp and Nidar Infrastructure Limited, parent company of Yotta Data Services. This regulatory milestone clears the path for the extraordinary general meeting scheduled for November 28, 2025, where Cartica shareholders will vote on the transaction that would position Yotta as a publicly-traded entity on The Nasdaq Global Market under ticker symbols "YTTA" and "YTTAW."

Sunil Gupta, co-founder and CEO of Nidar and Yotta, emphasized the significance of this development, stating it positions the company to execute on its vision to build India's most trusted and globally competitive AI and cloud infrastructure platform. The company's fully integrated 'concrete-to-cloud' capabilities span hyperscale data centers, sovereign cloud platforms, and AI compute services, creating what management 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, highlighted Yotta's recent achievements, including expanded partnerships with NVIDIA and Microsoft, along with collaborations with leading central government institutions, large banks, enterprises, and research institutes. The company has delivered more than half of the GPU capacity to the IndiaAI Mission and continues to pioneer sovereign cloud innovation through platforms like Shakti Cloud and Yntraa Cloud.

Suresh Guduru, CEO of Cartica, expressed confidence in the partnership, noting it reflects the company's belief in the immense potential of India's technology infrastructure and AI ecosystem. The business combination is expected to 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 for November 28, 2025, at 10:00am Eastern Time, to be conducted via live audio webcast accessible through https://www.cstproxy.com/carticaspac/egm2025. Shareholders of record as of November 3, 2025, will be entitled to vote on the proposed business combination and related matters. The Cartica Board of Directors has unanimously recommended that shareholders vote in favor of the transaction.

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. A copy of the Registration Statement can be accessed via the SEC website at https://www.sec.gov. This transaction represents a significant development in India's technology infrastructure landscape, potentially accelerating the country's position as a global hub for AI and high-performance computing while providing Yotta with enhanced capital market access to fuel its expansion plans.