April 25, 2022
Yotta Acquisition Corporation (“YOTA”) announced the closing of its initial public offering of 10,000,000 units. The units were sold at a price of $10.00 per unit, resulting in total gross proceeds of $100,000,000, prior to deducting underwriting discounts and other offering expenses. Each unit consists of one share of common stock, one redeemable warrant to purchase one share of common stock at a price of $11.50 per share and one right to receive one-tenth (1/10) of one share of common stock upon the consummation of an initial business combination.
Chardan acted as sole book-running manager of the offering. Hunter Taubman Fischer & Li LLC acted as U.S. securities counsel to Chardan.
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