Yotta Acquisition Corporation Announces Extension of Combination Period and Additional Contribution to Trust Account to Extend Combination Period
21 Juni 2023 - 10:50PM
Yotta Acquisition Corporation (NASDAQ: YOTA, the “Company”), a
special purpose acquisition company, announced today that the
Company has deposited $120,000 into the Company’s trust account
(the “Trust Account”), in order to extend the period of time the
Company has to complete a business combination for an additional
one (1) month period, from June 22, 2023 to July 22, 2023. The
Company issued a promissory note to Sponsor in the aggregate
principal amount of $40,000. The promissory note bears no interest
and matures upon the closing of a business combination by the
Company. Pursuant to the terms of the Merger Agreement dated,
October 24, 2022 by and among the Company, Yotta Merger Sub, Inc.,
a Nevada corporation and wholly owned subsidiary of the Company,
and NaturalShrimp Incorporated, a Nevada corporation
(“NaturalShrimp”), NaturalShrimp paid one-half of the extension fee
while the Company paid the other half. The purpose of the extension
is to provide time for the Company to complete a business
combination.
About Yotta Acquisition
Corporation
Yotta is led by founder Hui Chen (CEO). Yotta 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.
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 the Company’s initial public offering, are subject to risks and
uncertainties, which could cause actual results to differ from the
forward looking statements. The Company 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 the Company’s expectations with respect
thereto or any change in events, conditions or circumstances on
which any statement is based.
Contact:Hui ChenChief Executive
OfficerYotta Acquisition Corporationhchen@yottaac.com
Yotta Acquisition (NASDAQ:YOTA)
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