Quetta Acquisition Corporation Announces the Separate Trading of its Common Stock and Rights, Commencing on November 30, 2023
29 November 2023 - 10:00PM
Quetta Acquisition Corporation (the “Company”) (Nasdaq: QETA), a
blank check company, today announced that, commencing on November
30, 2023, holders of the 6,900,000 units (the “Units”) sold in the
Company’s initial public offering (the “Offering”) including Units
sold upon a full exercise of the underwriters’ over-allotment
option, may elect to separately trade the common stock and rights
included in the Units. Any Units not separated will continue to
trade on the NASDAQ Global Market (“NASDAQ”) under the symbol
“QETAU.” Any underlying common stock and rights that are separated
will trade on the NASDAQ under the symbols “QETA” and “QETAR,”
respectively. Holders of Units will need to have their brokers
contact the Company's transfer agent, Continental Stock Transfer
& Trust Company, in order to separate the holders’ Units into
common stock and rights.
The Units were initially offered by the Company
in an underwritten offering. EF Hutton, division of Benchmark
Investments, LLC (“EF Hutton”), acted as sole book-running manager
of the Offering. A registration statement on Form S-1 (File No.
333-274098) relating to these securities was declared effective by
the Securities and Exchange Commission (the “SEC”) on October 5,
2023. The Offering was made only by means of a prospectus, copies
of which may be obtained from EF Hutton, 590 Madison Ave 39th
floor, New York, NY 10022 or by visiting EDGAR on the SEC’s website
at www.sec.gov.
This press release shall not constitute an offer
to sell or a 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.
About Quetta Acquisition
Corporation
Quetta Acquisition Corporation is a blank check company formed
for the purpose of effecting a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses. The Company's efforts to
identify a prospective target business will not be limited to a
particular industry or geographic region, although the Company
intends to prioritize the evaluation of businesses in Asia
(excluding China, Hong Kong, and Macau) that operate in the
financial technology sector.
Forward-Looking Statements
This press release contains statements that
constitute “forward-looking statements” that involve risks and
uncertainties. Forward-looking statements are subject to numerous
conditions, many of which are beyond the control of Quetta
Acquisition Corporation, including those set forth in the Risk
Factors section of Quetta Acquisition Corporation’s registration
statement and prospectus for the Offering filed with the SEC.
Copies are available on the SEC’s website, www.sec.gov. Quetta
Acquisition Corporation undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
Contact Information:
Quetta Acquisition CorporationHui ChenChairman and CEO1185
Avenue of the Americas, Suite 301New York, NY 10036(212)
612-1400
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