Nidar Infrastructure, Cartica Acquisition Enter Definitive Deal And Plan Of Merger For Business Combination; Nidar To Become US-Listed Company
Portfolio Pulse from Benzinga Newsdesk
Nidar Infrastructure and Cartica Acquisition have entered a definitive deal and plan of merger for a business combination, with Nidar set to become a US-listed company. The pre-transaction equity value of Nidar is approximately $2.75 billion. Cartica is a SPAC focused on technology sector mergers.
June 24, 2024 | 8:12 pm
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Cartica Acquisition has entered a definitive merger deal with Nidar Infrastructure, valuing Nidar at $2.75 billion. This merger will result in Nidar becoming a US-listed company.
The merger deal is a significant step for Cartica Acquisition, as it aligns with their goal of merging with a technology-focused company. The valuation of $2.75 billion for Nidar indicates a substantial business combination, likely to positively impact CITE's stock price in the short term.
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