NEW YORK, April 19, 2022 (GLOBE NEWSWIRE) — Yotta Acquisition Corporation (“YOTA”) today announced the pricing for 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 symbol “YOTAU” on April 20, 2022. Each unit consists of one common share, one redeemable warrant to purchase one common stock shares at a price of $11.50 per share and a right to receive one-tenth (1/10) of a common stock upon the completion of an initial business combination. Once the securities comprising the Units begin to trade separately, the 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 acts as sole bookrunner for 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 United States Securities and Exchange Commission (the “SEC”) on April 19, 2022.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no 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 such state or territory.
The offering is being made solely 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 may be viewed on 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 corporation formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with a or more companies. Although there are no restrictions or limitations on the industry or geographic region in which its target operates, YOTA intends to focus on high technology, blockchain, software and hardware, commerce electronics, social media and other general business industries globally. The proceeds of the offering will be used to finance this business combination.
Caution Regarding Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. These forward-looking statements, including the successful completion of YOTA’s IPO and the search for an initial business combination, are subject to risks and uncertainties, which could cause actual results to differ. forward-looking statements. YOTA expressly disclaims any obligation or undertaking to publicly release 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 about which any statement is based.
Chief executive officer
Yotta Acquisition Company