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Cartica Acquisition Priced, Nasdaq: CITE

Blank check company backed by Cartica Management targeting India-focused tech businesses (pending: Nidar Infrastructure).

Industry: SPAC

Latest Trade: $11.70 0.00 (0.0%)

First Day Return: +1.0%

Return from IPO: +17.0%

Industry: SPAC

We are a newly organized blank check company. Although we may pursue a business combination in any industry or geography, we intend to seek a business combination with an India-focused technology firm that will benefit from our sponsors’ extensive global investment experience. Potential business combination partners may be incorporated in any jurisdiction but are likely to have an operational or business focus in India, to serve the large and growing Indian market, and preferably with an ambition to grow and expand internationally. We believe that the capital markets in the United States can better meet such technology-focused businesses' need for late-stage growth capital. We aim to select a business combination partner that can leverage access to the U.S. capital markets to drive its domestic growth and international expansion plans. Further, our business combination partner would be able to use our expertise in improving their environmental, social and governance (ESG) standards and benefit from our global network and market knowledge. We believe we are well-positioned to identify businesses with high-quality leadership teams and attractive growth profiles. We have identified senior, highly reputed and experienced candidates to act as members of our board of directors.
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IPO Data
IPO File Date 11/16/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 01/04/2022
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
J.P. Morgan
Company Data
Headquarters Washington, DC, United States
Founded 2021
Employees at IPO 2
Website www.cartica.com

Cartica Acquisition (CITE) Performance