Quetta Acquisition Corp. Proxy Statement Supplement Filed
Ticker: QETAU · Form: DEFA14A · Filed: Dec 26, 2024 · CIK: 1978528
Sentiment: neutral
Topics: proxy-statement, annual-meeting, blank-check
TL;DR
Quetta Acquisition Corp. filed a proxy statement supplement for their Jan 8, 2025 meeting. Shareholders get more info.
AI Summary
Quetta Acquisition Corp. is holding its 2024 Annual Meeting of Stockholders on January 8, 2025. This filing is an amendment to their proxy statement, indicating additional materials are being provided to shareholders. The company is a blank check company focused on real estate and construction.
Why It Matters
This filing provides updated or additional information to Quetta Acquisition Corp. stockholders regarding the upcoming 2024 Annual Meeting, ensuring they have the latest details for their voting decisions.
Risk Assessment
Risk Level: low — This is a routine proxy statement supplement providing additional information for an upcoming shareholder meeting, not indicating significant new risks.
Key Players & Entities
- Quetta Acquisition Corp. (company) — Registrant
- January 8, 2025 (date) — Annual Meeting Date
- 1185 AVENUE OF THE AMERICAS (address) — Business and Mail Address
FAQ
What is the purpose of this DEFA14A filing?
This filing is a Definitive Additional Materials supplement to the proxy statement for Quetta Acquisition Corporation's 2024 Annual Meeting of Stockholders.
When is the 2024 Annual Meeting of Stockholders scheduled to be held?
The 2024 Annual Meeting of Stockholders is scheduled to be held on January 8, 2025.
What type of company is Quetta Acquisition Corp.?
Quetta Acquisition Corp. is a blank check company, classified under SIC code 6770, with a focus on Real Estate & Construction.
What is the filing date for this document?
This document was filed on December 26, 2024.
Where is Quetta Acquisition Corp. located?
Quetta Acquisition Corp.'s business and mailing address is 1185 AVENUE OF THE AMERICAS, FLOOR 3, NEW YORK, NY 10036.
Filing Stats: 3,880 words · 16 min read · ~13 pages · Grade level 18.2 · Accepted 2024-12-26 17:02:47
Key Financial Figures
- $60,000 — nitial public offering and pay a fee of $60,000 per month in connection with each such
- $600,000 — xtensions, contingent upon a deposit of $600,000 per extension into our trust account, o
- $690,000 — er extension into our trust account, or $690,000 if the underwriters’ over-allotme
- $74,013,436.08 — s in the Trust Account of approximately $74,013,436.08 as of such date, the pro rata portion o
- $10.72 — res was anticipated to be approximately $10.72 per share (which amounts has taken into
- $72,984,396 — d trust value as of the Record Date was $72,984,396.08, and the pro rata portion of the fun
- $10.57 — res was anticipated to be approximately $10.57 per share (which amounts has taken into
Filing Documents
- quettaacquisition_defa14a.htm (DEFA14A) — 63KB
- proxy_001.jpg (GRAPHIC) — 394KB
- proxy_002.jpg (GRAPHIC) — 536KB
- proxy_003.jpg (GRAPHIC) — 568KB
- 0001829126-24-008552.txt ( ) — 1985KB
From the Filing
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. 1) Filed by the Registrant Filed by a party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under §240.14a-12 QUETTA ACQUISITION CORPORATION (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. SUPPLEMENT TO PROXY STATEMENT FOR THE 2024 ANNUAL MEETING OF STOCKHOLDERS To Be Held January 8, 2025 Dear Stockholders: We, the Board of Directors (the " Board ") of Quetta Acquisition Corporation, a Delaware corporation (the " Company "), are writing to provide you with additional information related to management's proposals, including the amendment to the Investment Management Trust Agreement, dated October 5, 2023, by and between the Company and Continental Stock Transfer & Trust Company, as trustee (the " Trustee "), the (" Trust Agreement ") at the upcoming 2025 Special Meeting of Stockholders (the " Special Meeting "). Specifically, we are providing additional information regarding the additional proposal to amend the Trust Agreement to allow the Company to extend its combination period thereunder. Additionally, the Company wishes to provide some additional information regarding the redemption price. AMENDMENT TO PROPOSAL NO. 1 — EXTENSION PROPOSAL Originally, in the definitive proxy statement (the " Definitive Proxy Statement ") filed with the U.S. Securities Exchange Commission (" SEC ") on December 23, 2024, we stated that: The Extension Amendment Proposal : a proposal by stockholder resolution to amend (the " Extension Amendment ") the Company's Amended and Restated Certificate of Incorporation (" A&R Certificate of Incorporation ") in their entirety and the substitution in their place of the third amended and restated certificate of incorporation of the Company in the form attached as Annex A hereto (the " Third A&R Certificate of Incorporation "), to provide that beginning on January 10, 2025 until October 10, 2026, the Company may elect to extend the date by which the Company has to consummate a business combination (the " Combination Period ") month-by-month each time for a total of up to thirty six (36) months from the consummation of the Company's initial public offering and pay a fee of $60,000 per month in connection with each such extension into the Company's trust account. Any applicable excise tax and dissolution expense shall be paid by the sponsor, Yocto Investments LLC (the " Sponsor "), and not out from the Company's trust account (such proposal, the " Extension Amendment Proposal "). To clarify, we hereby amend the language as follows: The Extension Amendment Proposal : a proposal by stockholder resolution to amend (the “ Extension Amendment ”) the Company’s Amended and Restated Certificate of Incorporation (“ A&R Certificate of Incorporation ”) in their entirety and the substitution in their place of the third amended and restated certificate of incorporation of the Company in the form attached as Annex A hereto (the “ Third A&R Certificate of Incorporation ”), to provide that beginning on January 10, 2025 until October 10, 2026 (thirty six (36) months from the consummation of the Company’s initial public offering), the Company may elect to extend the date by which the Company has to consummate a business combination (the “ Combination Period ”) month-by-month each time for a total of up to twenty-one (21) times by depositing $60,000 into the Company’s trust account for each such one-month extension. Any applicable excise tax and dissolution expense shall be paid by the sponsor, Yocto Investments LLC (the “ Sponsor ”), and not out from the Company’s trust account (such proposal, the “ Extension Amendment Proposal ”). 1 PROPOSAL NO. 3 — THE TRUST AGREEMENT AMENDMENT The proposed Trust Agreement Amendment would amend our existing Trust Agreement by and between the Company and the Trustee to allow the Company, beginning on January 10, 2025 until October 10, 2026, to elect to extend the combination period (the " Combination Period "), month-by-month each time for a total of up to twenty-one (21) times by depositing $60,000 for each such one-month extension into the Company's trust account (the " Extension Payment "). A copy of the proposed Trust Agreement Amendment is attache