Lowenstein Sandler is representing Oppenheimer & Co. Inc as lead capital markets advisor in a business combination between Cartica Acquisition Corp, a publicly-traded special purpose acquisition company, and Nidar Infrastructure Limited, parent of Yotta Data Services.
The proposed business combination is expected to close shortly after approval by Cartica’s shareholders and the satisfaction of other customary closing conditions. The combined company is expected to list its ordinary shares and warrants on The Nasdaq Global Market under the ticker symbols “YTTA” and “YTTAW,” respectively.
Nidar, through its operating subsidiary Yotta Data Services, is a data center solutions and services provider headquartered in Mumbai, India. Nidar designs, builds and operates Tier III and IV data centers primarily in India, offering both hyperscale colocation and enterprise colocation, cloud and managed services. Through its existing facilities, Nidar is currently India’s leading data center provider for artificial intelligence high performance computing.
The Lowenstein team includes Daniel L. Forman and Perry Laub.