Yotta Acquisition Corp (NASDAQ: YOTA) is a blank check special purpose acquisition company (SPAC) incorporated in Delaware on March 8, 2021, formed to identify and complete a merger, share exchange, asset acquisition, or similar business combination with one or more target businesses. The company does not generate operating revenue. It holds capital raised through its IPO and private placement in a trust account, intending to deploy those proceeds into an initial business combination. Yotta completed its IPO on April 22, 2022, selling 10,000,000 units at $10.00 per unit, generating gross proceeds of $100,000,000. Each unit included one share of common stock, one redeemable warrant exercisable at $11.50 per share, and one right to receive one-tenth of a share upon closing a business combination. The sponsor, Yotta Investment LLC, purchased 313,500 private units simultaneously. The company has stated a focus on high technology, blockchain, and general business industries globally, with no geographic restriction. As of the 10-K filed March 31, 2025, no initial business combination had been completed. CEO is Hui Chen and CFO is Robert L. Labbe.

Revenue model

No operating revenue. The company holds IPO proceeds and private placement proceeds in a trust account. Income, if any, is derived from interest on trust assets pending an initial business combination.

Products and services

Units consisting of common stock, redeemable warrants (exercise price $11.50 per share), and rights to fractional shares. 10,000,000 public units issued at $10.00 per unit in the IPO (April 22, 2022). 313,500 private units sold to sponsor Yotta Investment LLC.

Customers and end markets

No customers or end markets. The company is a pre-combination SPAC seeking a target business in high technology, blockchain, or general business industries globally.

Value-chain role

SPAC vehicle. Raises public capital through an IPO, holds proceeds in trust, and seeks to transfer that capital into a target operating business via a business combination transaction.

Geographic exposure

Incorporated in Delaware. Target search is not limited to any particular geographic region, though the stated focus includes global high technology and blockchain industries.

Source: SEC 10-K, filed 2025-03-31

Industry: Retail-Auto Dealers & Gasoline Stations