LEADING DATA CENTER PROVIDER FOR AI - NIDAR INFRASTRUCTURE LIMITED - TO BECOME A U.S.-LISTED COMPANY VIA BUSINESS COMBINATION WIH CARTICA ACQUISITION CORP
LEADING DATA CENTER PROVIDER FOR AI - NIDAR INFRASTRUCTURE LIMITED - TO BECOME A U.S.-LISTED COMPANY VIA BUSINESS COMBINATION WIH CARTICA ACQUISITION CORP
Yotta Designs, Builds, and Operates Tier III and IV Data Centers
Positioned at the Forefront of Global AI
Yotta設計、建造和運營III和IV級數據中心
位於全球人工智能前沿
NEW YORK, June 24, 2024 /PRNewswire/ -- Nidar Infrastructure Limited ("Nidar") and Cartica Acquisition Corp (Nasdaq: "CITE", "CITEU", "CITEW") ("Cartica") today announced that they have entered into a definitive Agreement and Plan of Merger (the "Business Combination Agreement") for a business combination (the "Business Combination"). Nidar is India's leading data center provider for artificial intelligence ("AI") and high-performance compute. Nidar provides advanced information technology infrastructure and solutions on an "as-a-Service" model to customers worldwide, including enterprises, governments, start-ups and small- and medium-sized enterprises, and hyperscalers. Nidar's offerings include colocation services, managed services and cloud services, and AI services. The pre-transaction equity value of Nidar implied by the Business Combination terms is approximately $2.75 billion. Cartica is a special purpose acquisition company seeking to identify and complete a business combination with a suitable business combination partner in the technology space.
紐約,2024年6月24日/美通社/--Nidar Infrastructure Limited("Nidar")和Cartica Acquisition Corp(納斯達克:"CITE","CITEU","CITEW")("Cartica ")今天宣佈,他們已簽署一份明確的合併協議和計劃("商業組合協議"),以進行業務組合("商業組合")。Nidar是印度的領先人工智能("AI")和高性能計算數據中心提供商。 Nidar以"作爲服務"的模式向全球客戶提供先進的信息技術基礎設施和解決方案,包括企業,政府,初創企業和中小型企業以及超大規模。Nidar的產品包括託管服務,託管服務,雲服務和人工智能服務。根據商業組合條款暗示的Nidar的交易前權益價值約爲27.5億美元。Cartica是一家特殊目的收購公司,旨在尋找並完成與科技領域合適的業務合作伙伴的業務組合。
Sunil Gupta, CEO and co-founder of Nidar, commented, "Through its Yotta data centers, Nidar is India's leading data center provider for AI and high-performance compute. Yotta designs, builds and operates Tier III and IV data centers in India, which offer both colocation and hyperscale services and cloud and managed services. With our priority access to industry-leading GPUs through our partnership with the world's leader in high-performance compute, together with the added ability to access US capital markets, Yotta is poised to capture long-lasting demand from cloud infrastructure and AI."
Nidar的CEO和聯合創始人Sunil Gupta評論道:“通過其Yotta數據中心,Nidar是印度領先的人工智能和高性能計算數據中心提供商。 Yotta在印度設計,建造和運營III和IV級數據中心,提供託管和超大規模服務,雲服務和託管服務。通過與世界領先的高性能計算合作伙伴的優先訪問,以及獲得訪問美國資本市場的能力,Yotta將能夠抓住雲基礎架構和人工智能的持久需求。“
Darshan Hiranandani, co-founder of Nidar and director of Nidar's largest shareholder, added, "Nidar's management team has significant experience in successfully building and operating India's leading data center provider. By combining with Cartica, this will enable our management team to continue to execute on our growth strategy to effectively build on Yotta's world-class platform, accelerate growth, and create long-term shareholder value."
Nidar的聯合創始人Darshan Hiranandani及Nidar最大股東的董事補充說:“Nidar的管理團隊在成功建立和經營印度領先的數據中心提供商方面具有豐富的經驗。通過與Cartica合併,我們的管理團隊將能夠繼續執行我們的增長策略,有效利用Yotta的世界一流平台,加速增長並創造長期股東價值。“
Suresh Guduru, CEO of Cartica, stated "Our partnership with Nidar is reflective of our belief in the opportunity in technology infrastructure, Compute as-a-Service, and India's role in the global technology ecosystem. Under Sunil's leadership, we believe Yotta has positioned itself at the forefront of the global AI movement."
Cartica的CEO Suresh Guduru表示:"我們與Nidar的合作反映了我們對科技基礎設施,作爲服務計算以及印度在全球科技生態系統中的作用的信仰。在Sunil的領導下,我們相信Yotta已經將自己定位在全球人工智能運動的前沿。"
Transaction Overview
導致實際結果與前瞻性聲明中的投影結果實質性不同的關鍵因素包括以下方面:對於該公司的信貸、流動性和額外融資的風險;股票市場波動性;電子商務行業的增長和趨勢變化;該公司的業務活動、重點和計劃的變化;包括全球金融狀況保持挑戰以及新冠肺炎疫情對全球經濟影響等一般經濟、商業和政治條件的變化;競爭風險;潛在利益衝突;適用法律和法規在本地和外國法規上的變化;廣泛的政府監管合規性;與外國市場相關的風險和不確定性;以及其他更全面描述了公司的最新MD&A報告中以及公司2024年4月30日的年度信息表格中風險因素列表所述風險因素。這些風險和不確定性可能會導致實際結果與上述前瞻性陳述在實質上發生根本性的不同。
The Business Combination Agreement provides for the Business Combination to be consummated by a wholly‐owned subsidiary of Nidar being merged with and into Cartica with Cartica surviving the merger as a wholly owned subsidiary of Nidar, and immediately thereafter and as part of the same overall transaction, Cartica merging with and into Nidar, which will become the public company following the Business Combination and the other transactions contemplated by the Business Combination Agreement. In connection with the Business Combination, each Class A ordinary share, par value $0.0001 per share (a "Cartica Class A Share"), of Cartica and each Class B ordinary share, par value $0.0001 per share, of Cartica will be converted into one ordinary share (a "Nidar Ordinary Share"), of Nidar. Additionally, in connection with the Business Combination, each warrant to purchase a Cartica Class A Share will be converted into the right to receive a corresponding warrant to purchase one Nidar Ordinary Share (the "Nidar Warrants"). It is a condition of the Business Combination that the Nidar Ordinary Shares and the Nidar Warrants issued in connection with the Business Combination (including the Nidar Ordinary Shares issuable upon exercise of the Nidar Warrants) be approved for listing on the New York Stock Exchange, the Nasdaq Global Select Market, the Nasdaq Global Market, the Nasdaq Capital Market or the NYSE American, as chosen by Cartica in its reasonable discretion and after consultation with Nidar (such stock exchange, the "Stock Exchange").
商業組合協議規定,商業組合將由Nidar的全資子公司與Cartica合併,Cartica將作爲Nidar的全資子公司存續於並即刻以同一整體交易的一部分與Nidar合併,商業組合協議所規定的其他交易。與商業組合有關的Cartica A股股票,每股面值0.0001美元("Cartica A股份"),以及Cartica B股股票,每股面值0.0001美元,都將轉換爲Nidar普通股股票("Nidar普通股份")。此外,與商業組合有關的每份認購一份Cartica A股股票的認股權將轉換爲Nidar普通股權的相應權利("Nidar認股權")。商業組合的條件是,獲得Stock Exchange批准的Nidar普通股和與商業組合有關發行的Nidar認股權(包括行使Nidar認股權而發行的Nidar普通股)。(“證券交易所”),由Cartica在合理的情況下自行選擇並與Nidar協商確定。
Cartica maintains a trust account in the amount of approximately $25 million, as of April 4, 2024 (prior to any redemptions by its public shareholders in connection with the Business Combination). All proceeds to Nidar from the Business Combination (after satisfaction of payments to redeeming Cartica shareholders and satisfaction of relevant fees, expenses and other liabilities) are expected to be used by Nidar to execute its business plan and for general working capital purposes.
截至2024年4月4日(與商業組合有關的公衆股東贖回之前),Cartica保留了約2500萬美元的信託帳户。從商業組合中獲得的所有Nidar收益(在滿足向贖回Cartica股東支付款項和支付有關費用,費用和其他負債的要求後)都預計用於執行其業務計劃和一般營運資金。
The Boards of Directors of Nidar and Cartica and the shareholders of Nidar have approved the Business Combination Agreement and the documents and transactions contemplated thereby. The completion of the Business Combination is subject to customary closing conditions, including all requisite approvals by the shareholders of Cartica, the listing approval of the Stock Exchange and the effectiveness of the registration statement on Form F-4 (the "Registration Statement") filed with the U.S. Securities and Exchange Commission (the "SEC") by Nidar.
Nidar和Cartica的董事會成員以及Nidar的股東已經通過了商業組合協議,其中文件和預期交易的交易。完成商業組合取決於慣常的收盤條件,包括所有Cartica股東的必要批准,Stock Exchange的上市批准以及由Nidar向U.S. Securities and Exchange Commission("SEC")提交的Form F-4("註冊聲明")的有效性。
Additional information about the proposed Business Combination will be provided in a Current Report on Form 8-K to be filed by Cartica with the SEC and available at www.sec.gov.
關於擬議中的商業組合的更多信息將在Cartica向SEC提交的當前報告形式8-K中提供,並可在www.sec.gov上獲得。
About Nidar
Nidar是印度領先的人工智能和高性能計算數據中心提供商。Nidar以"作爲服務"的模式向全球客戶提供先進的信息技術基礎設施和解決方案,包括企業,政府,初創企業和中小型企業以及超大規模。
Nidar is India's leading data center provider for AI and high-performance compute. Nidar provides advanced information technology infrastructure and solutions on an "as-a-Service" model to customers worldwide, including enterprises, governments, start-ups and small- and medium-sized enterprises, and hyperscalers.
Cartica Acquisition Corp是一家空白支票公司,旨在進入與一家或多家企業進行合併,股份交易,資產收購,股份購買,重組或類似業務組合的目的。
About Cartica
GLC Securities LLC擔任Nidar的財務顧問。 Allen Overy Shearman Sterling US LLP,SNG和Vale Law是Nidar的法律顧問。BitOoda Technologies,LLC擔任Cartica的M&A顧問。 Morrison&Foerster LLP,Khaitan&Co,Appleby(Cayman)Ltd.和Appleby(毛里求斯法律顧問)爲Cartica提供了法律諮詢服務,Imperial Capital,LLC和BitOoda Technologies,LLC已經成爲商業組合的雙頭領導代理商。報 placement.
Cartica Acquisition Corp is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
所有板塊
Advisors
顧問
GLC Securities LLC served as financial advisor to Nidar. Allen Overy Shearman Sterling US LLP, SNG & Partners and Vale Law served as legal counsel to Nidar. BitOoda Technologies, LLC served as M&A Adviser to Cartica. Morrison & Foerster LLP, Khaitan & Co, Appleby (Cayman) Ltd. and Appleby (as Mauritius legal counsel) served as legal counsel to Cartica. Imperial Capital, LLC and BitOoda Technologies, LLC are serving as co-lead placement agents for additional capital raising activity in connection with the Business Combination.
資本市場
Forward-Looking Statements
前瞻性聲明
This Press Release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. Such statements may include, but are not limited to, statements regarding the Business Combination, the Business Combination Agreement and certain agreements in connection therewith. The forward-looking statements contained in this Press Release reflect Nidar's and Cartica's current views about future events and are subject to numerous known and unknown risks, uncertainties, assumptions and changes in circumstances that may cause their actual results to differ significantly from those expressed in any forward-looking statement. Nidar and Cartica do not guarantee that the transactions and events described will happen as described (or that they will happen at all). In particular, there can be no assurance that the Business Combination will close in a timely manner or at all. These forward-looking statements are subject to a number of risks and uncertainties, including, but not limited to, changes in domestic and foreign business, market, financial, political, and legal conditions; the occurrence of any event, change or other circumstances that could give rise to the termination of the Business Combination; the outcome of any legal proceedings that may be instituted against Nidar, Cartica or others following the announcement of the Business Combination; the inability of Nidar to obtain commitments to purchase securities in the amount contemplated by the Business Combination Agreement; the amount of redemptions by Cartica's public shareholders in connection with the Business Combination; the inability to complete the Business Combination due to the failure to obtain approval of the shareholders of Cartica or to satisfy other conditions to closing; changes to the proposed structure of the Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the Business Combination; the ability to meet Stock Exchange listing standards following the consummation of the Business Combination; the risk that the Business Combination disrupts current plans and operations of Nidar as a result of the announcement and consummation of the Business Combination; the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition and the ability of Nidar to grow and manage growth profitably, maintain relationships with customers and retain its management and key employees; costs related to the Business Combination; changes in applicable laws or regulations; Nidar's estimates of expenses and profitability and underlying assumptions with respect to shareholder redemptions and purchase price and other adjustments; any downturn or volatility in economic conditions; changes in the competitive environment affecting Nidar or its customers, including Nidar's inability to introduce new services or technologies; the impact of pricing pressure and erosion; supply chain risks; risks to Nidar's ability to protect its intellectual property and avoid infringement by others, or claims of infringement against Nidar; the possibility that Nidar or Cartica may be adversely affected by other economic, business and/or competitive factors; Nidar's estimates of its financial performance; and other risks and uncertainties set forth in the section entitled "Risk Factors" in Cartica's Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on April 1, 2024 and in other reports Cartica files with the SEC. If any of these risks materialize or Nidar's and Cartica's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. While forward-looking statements reflect Nidar's and Cartica's good faith beliefs, they are not guarantees of future performance. Nidar and Cartica disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes after the date of this Press Release, except as required by applicable law. You should not place undue reliance on any forward-looking statements, which are based only on information currently available to Nidar and Cartica.
本新聞稿包含《1995年美國私人證券訴訟改革法》“安全港”規定下的“前瞻性聲明”。前瞻性聲明可能通過使用諸如“估計”、“計劃”、“項目”、“預測”、“打算”、“將”、“期望”、“預計”、“相信”、“尋求”、“目標”或其他類似表達方式來識別,這些表達方式預測或指示未來事件或趨勢,或者不屬於歷史事實陳述,但是沒有這些詞語不意味着該陳述不具有前瞻性。此類聲明可能包括對業務組合、業務組合協議及與之相關的某些協議的陳述,但不限於此。本新聞稿中的前瞻性聲明反映了 Nidar 和 Cartica 關於未來事件的當前看法,並受到多種已知和未知風險、不確定性、假設和環境變化的影響,這些因素可能會導致實際結果與任何前瞻性聲明中表達的結果有顯著差異。Nidar 和 Cartica 不保證所描述的交易和事件將如描述的那樣發生(或者將發生)。特別地,無法保證業務組合將及時或完全關閉。這些前瞻性聲明面臨一系列風險和不確定性,包括但不限於國內外商業、市場、金融、政治和法律條件的變化;可能引起業務組合終止的任何事件、變化或其他情況的發生;在業務組合公告後,任何針對 Nidar、Cartica 或其他人發起的法律訴訟的結果;Nidar 未能獲得按業務組合協議所規定金額購買證券的承諾;與業務組合相關的 Cartica 公衆股東贖回的數量;由於未獲得 Cartica 股東的批准或無法滿足交割的其他條件,無法完成業務組合;由於適用法律或法規的要求或作爲獲得業務組合監管批准的條件而需要或適當的業務組合的擬議結構的變化;在完成業務組合後能否滿足交易所上市標準;業務組合可能會因公告和完成業務組合而破壞現有的 Nidar 計劃和運營的能力;以及實現業務組合預期收益的能力可能會受到競爭和 Nidar 能否獲得盈利性增長、與客戶保持關係和留住其管理層和關鍵員工能力等因素的影響;與業務組合相關的成本;適用法律或法規的變化;Nidar 對股東贖回和購買價格及其他調整的花費和盈利能力等方面的估計和基礎假設;任何經濟狀況的下降或波動;影響 Nidar 或其客戶的競爭環境的變化,包括 Nidar 無法推出新的服務或技術;定價壓力和侵蝕的影響;供應鏈風險;風險,可能會影響 Nidar 保護其知識產權或避免他人侵權,或對 Nidar 提出侵權主張;可能導致 Nidar 或 Cartica 受到其他經濟、商業和/或競爭因素的負面影響;Nidar 對其財務業績的估計;以及在 Cartica 的一份年度報告中所述的任何其他風險和不確定性,“Risk Factors”部分。如果這些風險中的任何一個實現或 Nidar 和 Cartica 的假設證明不正確,實際結果可能與這些前瞻性聲明所隱含的結果有顯著差異。儘管前瞻性聲明反映了 Nidar 和 Cartica 的真誠信仰,但它們並不是未來業績的保證。Nidar 和 Cartica 不保證公開更新或修訂任何前瞻性聲明,以反映基礎假設或因素的改變、新信息、數據或方法、未來事件或其他變化,除了適用法律要求之外。您不應過多地依賴任何前瞻性聲明,這些聲明僅基於 Nidar 和 Cartica 目前可獲得的信息。
Additional Information and Where to Find It
其他信息和獲取信息的方法
In connection with the Business Combination, Nidar and Cartica intend to prepare, and Nidar intends to file, a Registration Statement containing a proxy statement/prospectus and certain other related documents, which will be both the proxy statement to be distributed to Cartica's shareholders in connection with Cartica's solicitation of proxies for the vote by Cartica's shareholders with respect to the Business Combination and other matters as may be described in the Registration Statement, as well as the prospectus relating to the offer and sale of the securities to be issued in connection with the Business Combination. When available, Cartica will mail the definitive proxy statement/prospectus and other relevant documents to its shareholders as of a record date to be established for voting on the Business Combination. This Press Release is not a substitute for the Registration Statement, the definitive proxy statement/prospectus or any other document that Cartica will send to its shareholders in connection with the Business Combination. Investors and security holders are urged to read, when available, the preliminary proxy statement/prospectus in connection with Cartica's solicitation of proxies for its extraordinary general meeting to be held to approve the Business Combination (and related matters) and general amendments thereto and the definitive proxy statement/prospectus because the proxy statement/prospectus will contain important information about the Business Combination and the parties to the Business Combination.
有關業務組合的事項,Nidar 和 Cartica 打算編制並 Nidar 打算提交包含代理聲明/招股說明書和某些其他相關文件的註冊聲明,並且這將既是代理聲明,分發給 Cartica 的股東以便 Cartica 就業務組合進行的表決徵求 Cartica 股東的代理,也是與業務組合有關的其他事項的說明,如在註冊聲明中所述;同時也是與業務組合相關的證券發行和銷售的招股說明書。 Cartica 會在可獲得時將最終的代理聲明/招股說明書和其他相關文件寄給其股東,作爲爲業務組合表決的股東記錄日確定的記錄日的股東。本新聞稿並非替代註冊聲明、最終的代理聲明/招股說明書或 Cartica 將向其股東發送的任何其他文檔。投資者和證券持有人被敦促在可獲得時閱讀與業務組合有關的代理聲明/招股說明書的初步版本,並且代理聲明/招股說明書將包含關於業務組合和與業務組合的各方的重要信息。
Copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus and other documents filed by Nidar or Cartica with the SEC may be obtained, once available, free of charge at the SEC's website at www.sec.gov.
Nidar 或 Cartica 向美國證券交易委員會提交的初步代理聲明/招股說明書、最終代理聲明/招股說明書和其他文件的副本,可在可獲得時免費在美國證券交易委員會的網站 www.sec.gov 上獲取。
Investors and security holders will be able to obtain free copies of the Registration Statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by Nidar or Cartica through the website maintained by the SEC at www.sec.gov.
投資者和證券持有人可以通過美國證券交易委員會維護的網站 www.sec.gov 免費獲取 Nidar 或 Cartica 向證券交易委員會提交或將提交的註冊聲明、代理聲明/招股說明書和所有其他相關文件的副本。
Participants in the Solicitation
招標人
Cartica and its directors, executive officers, other members of management, and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of Cartica's shareholders in connection with the Business Combination. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of Cartica's shareholders in connection with the Business Combination will be in the Registration Statement, including a proxy statement/prospectus, when it is filed with the SEC. Investors and security holders may obtain more detailed information regarding the names and interests in the Business Combination of Cartica's directors and officers in Cartica's filings with the SEC and such information will also be in the Registration Statement to be filed with the SEC, which will include the proxy statement/prospectus of Cartica for the Business Combination. These documents can be obtained free of charge at the SEC's website at www.sec.gov.
根據美國證券交易委員會的規定,Cartica 及其董事、高級管理人員、其他管理人員和僱員可能被視爲參與與業務組合有關的 Cartica 股東的代理徵集。可能在註冊聲明中陳述與業務組合有關的人根據美國證券交易委員會規定可能被視爲參與在 Cartica 股東中就業務組合進行的代理徵集。投資者和證券持有人可以通過在 SEC 的網站 www.sec.gov 上免費獲取 Cartica 提交給 SEC 的文件來獲得更多有關 Cartica 董事和高管在業務組合方面的名稱和利益的詳細信息,也可以通過將包括代理聲明/招股說明書在內的註冊聲明提交給 SEC 來獲得這些信息。
Nidar and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from the shareholders of Cartica in connection with the Business Combination. A list of the names of such directors and executive officers and information regarding their interests in the Business Combination will be included in the proxy statement/prospectus for the Business Combination when available.
Nidar 及其董事和高管可能還被視爲參與從 Cartica 股東處徵集代理有關業務組合的事項。當可獲得時,名單中包含這些董事和高管的名稱以及有關他們在業務組合中的利益的信息將包括在有關業務組合的代理聲明/招股說明書中。
No Offer or Solicitation
無要約或徵集
This Press Release relates to the Business Combination and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy any securities or the solicitation of any vote in any jurisdiction pursuant to the Business Combination or otherwise, nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom, and otherwise in accordance with applicable law.
本新聞稿與業務組合有關,既不是購買任何證券的要約,也不是就業務組合在任何司法轄區內進行出售、訂閱或購買證券或就業務組合進行表決徵求的任何要約或要約的徵集,也不應依據適用法律在任何司法轄區內進行出售、發行或轉讓證券。任何證券的發行除滿足美國 1933 年證券法第 10 條(經修訂)項下的要求或免除要求 ,並且依據適用法律,在其他方面符合適用法律的要求。
SOURCE Cartica Acquisition Corp
來源:Cartica 收購公司