Quetta Acquisition Corp (Nasdaq: QETA) is a blank-check special purpose acquisition company (SPAC) formed to identify and complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more target businesses. The company holds IPO proceeds in a trust account, which are intended to fund the consideration for an initial business combination or be returned to public shareholders via redemption. As of the 10-K filed April 23, 2026 (accession 000149315226018655), no initial business combination had been completed. QETA has no operations, revenue, or products of its own. CEO Zihan Chen has served in the role since February 11, 2026, at a base salary of $2,000 per month. CFO Robert L. Labbe has held his position since May 2023 and also serves as CFO of Yotta Acquisition Corporation (Nasdaq: YOTA). The balance sheet carries a stockholders' deficit, a deferred underwriting fee payable, excise tax payable on redemptions, and promissory notes to related parties, reflecting the typical SPAC capital structure prior to a business combination.

Revenue model

No operating revenue. The company earns interest on cash and investments held in trust pending completion of an initial business combination. All substantive economics are deferred until a target acquisition closes.

Products and services

No products or services. The sole asset of consequence is cash and investments held in a trust account from IPO proceeds, to be deployed upon closing of an initial business combination.

Customers and end markets

No customers or end markets. The company has not identified a specific industry or geographic target for its initial business combination, as disclosed in the 10-K filed April 23, 2026.

Value-chain role

SPAC sponsor and acquisition vehicle. Role is to source, negotiate, and close a business combination with a private target company, providing that target a path to public markets.

Geographic exposure

Incorporated in the United States and listed on Nasdaq. No disclosed geographic preference for acquisition targets as of the 10-K filed April 23, 2026.

Source: SEC 10-K, filed 2026-04-23

Industry: Blank Checks