Yotta Acquisition Corporation Announces Closing of $100 Million Initial Public Offering
2022-04-25
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.