The new SPAC intends to combine with an innovative, technology-focused business based in India with an equity value of approximately $1 billion or higher. Cartica is led by Chairman nominee Asif Ramji, CEO Sanjeev Goel, and COO and CFO C. Brian Coad.
Total SPAC deal count for 2022 year-to-date is now 1. This offering is expected to close on Friday, January 7.
J.P. Morgan Securities LLC is acting as sole book-running manager for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.