Form 8-K Yotta Acquisition Corp For: Jan 20

January 26, 2023 5:16 PM EST

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.
0001907730 false 0001907730 2023-01-20 2023-01-20 0001907730 YOTAU:UnitsMember 2023-01-20 2023-01-20 0001907730 us-gaap:CommonStockMember 2023-01-20 2023-01-20 0001907730 YOTAU:WarrantsMember 2023-01-20 2023-01-20 0001907730 us-gaap:RightsMember 2023-01-20 2023-01-20 iso4217:USD xbrli:shares iso4217:USD xbrli:shares






Washington, D.C. 20549


Form 8-K


Current Report

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934


January 20, 2023

Date of Report (Date of earliest event reported)


Yotta Acquisition Corporation

(Exact Name of Registrant as Specified in its Charter)


Delaware   001-41357   N/A

(State or other jurisdiction

of incorporation)



File Number)


(I.R.S. Employer

Identification No.)


1185 Avenue of the Americas, Suite 301

New York, NY 10036

(Address of Principal Executive Offices)   (Zip Code)


Registrant’s telephone number, including area code: (212) 612-1400



(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


Written communications pursuant to Rule 425 under the Securities Act
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act


 Securities registered pursuant to Section 12(b) of the Act:


Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Units   YOTAU   The Nasdaq Stock Market LLC
Common Stock   YOTA   The Nasdaq Stock Market LLC
Warrants   YOTAW   The Nasdaq Stock Market LLC
Rights   YOTAR   The Nasdaq Stock Market LLC


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).


Emerging growth company 


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 







Item 1.01. Entry into a Material Definitive Agreement.


The disclosure contained in Item 2.03 is incorporated by reference in this Item 1.01


Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.


On January 20, 2023, Yotta Acquisition Corporation (the “Company”) issued an unsecured promissory note in the aggregate principal amount of $575,000 (the “Note”) to Yotta Investment LLC, the Company’s initial public offering sponsor (“Sponsor”) in exchange for Sponsor depositing such amount into the Company’s trust account in order to extend the amount of time it has available to complete a business combination. The Note does not bear interest and matures upon the closing of a business combination by the Company.


Item 8.01 Other Events


The Company extended the business combination period to April 22, 2023, by depositing $1,150,000 to the trust account on January 20, 2023. The Company issued the press release filed herewith on January 26, 2023. The materials attached as Exhibit 99.1 are incorporated by reference herein. 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”) paid one-half of the extension fee while the Company paid the other half.


Item 9.01. Financial Statements and Exhibits.


Exhibit No.   Description
10.1   Promissory Note dated January 20, 2023
99.1   Press Release dated January 26, 2023







Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Dated: January 26, 2023 Yotta Acquisition Corporation
  By: /s/ Hui Chen
  Name:  Hui Chen
  Title: Chief Executive Officer











IDEA: R1.htm

IDEA: yottaacq_8k_htm.xml

IDEA: Financial_Report.xlsx

IDEA: FilingSummary.xml

IDEA: MetaLinks.json

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

SEC Filings

Related Entities

Definitive Agreement