Yotta Acquisition Corporation Announces Pricing of $100 Million Initial Public Offering on Nasdaq
April 19 2022 - 6:47PM
Yotta Acquisition Corporation (“YOTA”) announced today the pricing
of its initial public offering of 10,000,000 units at a price of
$10.00 per unit. The units are listed on The Nasdaq Global Market
(“Nasdaq”) and will begin trading under the ticker symbol “YOTAU”
on April 20, 2022. Each unit consists of one share of common stock,
one redeemable warrant to purchase one share of common stock at a
price of $11.50 per share and one right to receive one-tenth (1/10)
of one share of common stock upon the consummation of an initial
business combination. After the securities comprising the units
begin separate trading, the shares of common stock, warrants and
rights are expected to be listed on Nasdaq under the symbols
“YOTA,” “YOTAW” and “YOTAR,” respectively. The offering is expected
to close on April 22, 2022.
Chardan is acting as sole book-running manager
of the offering. YOTA has granted the underwriters a 45-day option
to purchase up to an additional 1,500,000 units at the initial
public offering price to cover over-allotments, if any.
A registration statement relating to these
securities was declared effective by the U.S. Securities and
Exchange Commission (the “SEC”) on April 19, 2022.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
The offering is being made only by means of a
prospectus. When available, copies of the prospectus relating to
this offering may be obtained by contacting Chardan, 17 State
Street, 21st Floor, New York, New York 10004, or by calling (646)
465-9001. Copies of the registration statement can be accessed
through the SEC’s website at www.sec.gov.
About Yotta Acquisition
Corporation
YOTA is led by founder Hui Chen (CEO). YOTA is a
blank check company formed for the purpose of effecting a merger,
share exchange, asset acquisition, stock purchase,
recapitalization, reorganization or similar business combination
with one or more businesses. Although there is no restriction or
limitation on what industry or geographic region its target
operates in, YOTA intends to focus on high technology, blockchain,
software and hardware, ecommerce, social media and other general
business industries globally. The proceeds of the offering will be
used to fund such business combination.
Cautionary Note Concerning Forward-Looking
Statements
This press release includes forward-looking
statements that involve risks and uncertainties. Forward looking
statements are statements that are not historical facts. Such
forward-looking statements, including the successful consummation
of YOTA’S initial public offering and search for an initial
business combination, are subject to risks and uncertainties, which
could cause actual results to differ from the forward-looking
statements. YOTA expressly disclaims any obligations or undertaking
to release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in YOTA’S
expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based.
YOTA Contact:Hui ChenChief Executive
OfficerYotta Acquisition Corporationhchen@yottaac.com
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