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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
December 20, 2024
Cartica Acquisition Corp
(Exact name of registrant as specified in its
charter)
Cayman Islands |
|
001-41198 |
|
N/A |
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS Employer
Identification No.) |
1345 Avenue of the Americas, 11th Floor
New York, NY 10105
(Address of principal executive offices, including zip code)
Registrant’s telephone number, including
area code: +1-202-741-3677
Not Applicable
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class |
|
Trading
Symbol(s) |
|
Name of each exchange
on which registered |
Units, each consisting of one Class A Ordinary Share and one-half of one Redeemable Warrant |
|
CITEU |
|
The Nasdaq Stock Market LLC |
|
|
|
|
|
Class A Ordinary Share, par value $0.0001 per share |
|
CITE |
|
The Nasdaq Stock Market LLC |
|
|
|
|
|
Redeemable Warrants |
|
CITEW |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Item 1.01. Entry into
a Material Definitive Agreement.
Amendment
to Existing Promissory Note
As
previously reported in the Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on September
5, 2023, Cartica Acquisition Corp, a Cayman Islands exempted company (the “Company”) issued
a promissory note (the “Working Capital Note”) to Cartica Acquisition Partners, LLC (the “Sponsor”), pursuant
to which the Sponsor agreed to loan to the Company up to $300,000 for working capital expenses. On February 16, 2024, the Working Capital
Note was amended to increase the principal sum from up to $300,000 to up to $750,000. On April 4, 2024 it was then amended to increase
the principal sum from $750,000 to $1,250,000. On June 24, 2024, the Working Capital Note was further amended to increase the principal
sum from $1,250,000 to $1,750,000. On December 20, 2024, the Working Capital Note was again amended to increase the principal sum from
$1,750,000 to $2,750,000 (the “Fourth Amendment”). The Working Capital Note, as amended, bears no interest and is repayable
in full upon the earlier of (a) the date of the consummation of the Company’s initial business combination and (b) the date of
the Company’s liquidation.
The
Working Capital Note, as amended, was issued pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities
Act of 1933, as amended.
The
foregoing description of the Fourth Amendment does not purport to be complete and is qualified in its entirety by reference to the full
text of the Fourth Amendment, a copy of which is filed with this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein
by reference.
Item 2.03.
Creation of a Direct Financial Obligation or an Obligation Under an Off-balance Sheet Arrangement of a Registrant.
The
disclosure contained in Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 2.03.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
The following exhibits are being filed herewith:
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
Cartica Acquisition Corp |
|
|
|
Date: December 26, 2024 |
By: |
/s/ Suresh Guduru |
|
Name: |
Suresh Guduru |
|
Title: |
Chairman and Chief Executive Officer |
Exhibit 10.1
THE PROMISSORY NOTE TO WHICH THIS AMENDMENT RELATES
HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). SUCH PROMISSORY NOTE, AS AMENDED,
HAS BEEN ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF
UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO THE COMPANY THAT SUCH REGISTRATION
IS NOT REQUIRED.
AMENDMENT NO. 4 TO PROMISSORY NOTE
Principal Amount: |
up to $2,750,000 (consisting of the principal amount of $1,750,000
and an additional principal amount of $1,000,000)
|
Dated as of December 20, 2024 |
(as set forth on the Schedule of Borrowings attached hereto)
Cartica Acquisition Corp,
a Cayman Islands exempted company and blank check company (the “Maker”), hereby amends its promissory note dated as
of August 31, 2023, as amended by the amendment number 1 to the promissory note dated February 16, 2024, the amendment number 2 to the
promissory note dated April 4, 2024, and the amendment number 3 to the promissory note dated June 24, 2024 (the “Note”)
to increase the principal amount that it promises to pay to the order of Cartica Acquisition Partners, LLC, a Delaware limited liability
company, or its registered assigns or successors in interest (the “Payee”), from the principal sum of up to one million
seven hundred fifty thousand ($1,750,000) to the principal sum of up to two million seven hundred fifty thousand ($2,750,000) (as set
forth on the Schedule of Borrowings attached hereto) in lawful money of the United States of America.
All of the other terms of the Note remain unchanged
and in effect.
[Signature page follows]
IN WITNESS WHEREOF, Maker, intending to be legally bound hereby,
has caused this amendment No. 4 to be duly executed by the undersigned as of the day and year first above written.
|
CARTICA ACQUISITION CORP |
|
A Cayman Islands exempted company |
|
|
|
|
By: |
/s/ C. Brian Coad |
|
|
Name: C. Brian Coad |
|
|
Title: |
Chief Operating Officer and Chief Financial Officer |
[Schedule of Borrowings to Amendment to Promissory Note]
SCHEDULE OF BORROWINGS
The following increases or decreases in the Note have been made:
Date of
Increase or
Decrease |
Amount of decrease in
Principal Amount of the
Note |
Amount of increase in
Principal Amount of the
Note |
Principal Amount of the
Note following such
decrease or increase |
|
|
|
|
December 20, 2024 |
NA |
$1,000,000 |
$2,750,000 |
[Schedule of Borrowings to Amendment to Promissory Note]
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Entity Registrant Name |
Cartica Acquisition Corp
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Entity Central Index Key |
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Entity Tax Identification Number |
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Entity Incorporation, State or Country Code |
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|
Entity Address, Address Line One |
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11th Floor
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New York
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NY
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Security Exchange Name |
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