Yotta Acquisition Corporation Announces the Separate Trading of its Common Stock, Warrants and Rights, Commencing June 27, 2022
25 June 2022 - 6:30AM
Yotta Acquisition Corporation (“YOTA”) announced today that,
commencing June 27, 2022, holders of the units sold in the
Company’s initial public offering completed on April 22, 2022 may
elect to separately trade the shares of common stock of YOTA, and
the warrants and rights included in such units on The Nasdaq Global
Market (“Nasdaq”).
The shares of common stock, warrants and rights
that are separated will trade on Nasdaq under the symbols “YOTA,”
“YOTAW” and “YOTAR,” respectively. Those units not separated will
continue to trade on Nasdaq under the symbol “YOTAU.” Holders of
units will need to have their brokers contact Continental Stock
Transfer & Trust Company, YOTA’s transfer agent, in order to
separate the units into shares of common stock, warrants and
rights.
The units were initially offered by YOTA in an
underwritten offering. Chardan acted as sole book-running manager
of the offering. A registration statement relating to these
securities was declared effective by the U.S. Securities and
Exchange Commission (the “SEC”) on April 19, 2022. The offering was
made only by means of a prospectus, copies of which 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 can be accessed through the SEC’s website
at www.sec.gov.
This press release shall not constitute an offer
to sell or the 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 Yotta Acquisition
Corporation
YOTA is led by founder Hui Chen (CEO). YOTA is a
blank check company formed for the purpose of effecting a merger,
share exchange, asset acquisition, stock purchase,
recapitalization, reorganization or similar business combination
with one or more businesses. Although there is no restriction or
limitation on what industry or geographic region its target
operates in, YOTA intends to focus on high technology, blockchain,
software and hardware, ecommerce, social media and other general
business industries globally. The proceeds of the offering will be
used to fund such business combination.
Cautionary Note Concerning
Forward-Looking Statements
This press release includes forward-looking
statements that involve risks and uncertainties. Forward looking
statements are statements that are not historical facts. Such
forward-looking statements, including the successful consummation
of YOTA’S initial public offering and search for an initial
business combination, are subject to risks and uncertainties, which
could cause actual results to differ from the forward-looking
statements. YOTA expressly disclaims any obligations or undertaking
to release publicly 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 on which any statement is based.
YOTA Contact:Hui ChenChief Executive
OfficerYotta Acquisition Corporationhchen@yottaac.com
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