Wealthspring Capital Takes 1.02M Share Stake in Quetta Acquisition Corp

TL;DR

**Wealthspring Capital just bought over 1 million shares of Quetta Acquisition Corp, signaling a big bet on the SPAC's future.**

AI Summary

Wealthspring Capital LLC, a Delaware-based investment firm, reported acquiring shared voting and dispositive power over 1,023,776 shares of Quetta Acquisition Corporation's common stock as of December 31, 2023. This represents a significant stake in Quetta, a 'blank check' company, and indicates Wealthspring Capital's belief in the potential future business combination of Quetta. For investors, this matters because a large institutional investment can signal confidence in the company's prospects and potentially influence its strategic direction.

Why It Matters

This filing shows a major institutional investor, Wealthspring Capital LLC, has taken a substantial position in Quetta Acquisition Corp, which could be seen as a vote of confidence in the SPAC's ability to find a suitable merger target.

Risk Assessment

Risk Level: medium — While a large institutional investment can be positive, SPACs inherently carry medium risk due to the uncertainty of their future business combination.

Analyst Insight

A smart investor would monitor Quetta Acquisition Corp for news regarding a potential merger target, as Wealthspring Capital's significant stake suggests they see value in the SPAC's future prospects.

Key Numbers

• 1,023,776 — Shares Beneficially Owned (Represents the total number of Quetta Acquisition Corp shares Wealthspring Capital LLC has shared voting and dispositive power over.)
• December 31, 2023 — Event Date (This is the specific date that triggered the requirement for Wealthspring Capital LLC to file this Schedule 13G.)
• $0.0001 — Par Value per Share (The stated par value of Quetta Acquisition Corporation's common stock.)

Key Players & Entities

• Wealthspring Capital LLC (company) — the reporting person acquiring shares
• Quetta Acquisition Corporation (company) — the issuer whose shares were acquired
• 1,023,776 (dollar_amount) — number of shares beneficially owned
• December 31, 2023 (date) — date of the event requiring the filing
• Delaware (company) — place of organization for Wealthspring Capital LLC

Forward-Looking Statements

• Wealthspring Capital LLC will maintain or increase its stake in Quetta Acquisition Corp. (Wealthspring Capital LLC) — medium confidence, target: Q2 2024
• Quetta Acquisition Corp will announce a definitive business combination target. (Quetta Acquisition Corp) — medium confidence, target: Q4 2024

FAQ

Key Financial Figures

• $0.0001 — me of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securitie

Filing Documents

• ea191419-13gwealth_quetta.htm (SC 13G) — 76KB
• ea191419ex99-1_quetta.htm (EX-99.1) — 4KB
• 0001174947-24-000016.txt ( ) — 82KB

From the Filing

SC 13G 1 ea191419-13gwealth_quetta.htm SCHEDULE 13G UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 Quetta Acquisition Corporation (Name of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securities) 74841A105 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 74841A105 13G Page 2 of 7 1. Names of Reporting Person: Wealthspring Capital LLC 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Citizenship or Place of Organization Delaware Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power 0 6. Shared Voting Power 1,023,776 7. Sole Dispositive Power 0 8. Shared Dispositive Power 1,023,776 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,023,776 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11. Percent of Class Represented by Amount in Row (9) 11.4% 12. Type of Reporting Person (See Instructions) IA; PN CUSIP No. 74841A105 13G Page 3 of 7 1. Names of Reporting Person: Matthew Simpson 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Citizenship or Place of Organization United Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power 0 6. Shared Voting Power 1,023,776 7. Sole Dispositive Power 0 8. Shared Dispositive Power 1,023,776 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,023,776 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11. Percent of Class Represented by Amount in Row (9) 11.4% 12. Type of Reporting Person (See Instructions) IN; IA; HC CUSIP No. 74841A105 13G Page 4 of 7 Item 1 . (a) Name of Issuer . Quetta Acquisition Corporation (b) Address of Issuer’s Principal Executive Offices . 1185 Avenue of the Americas, Suite 301 New York, NY 10036 Item 2 . (a)-(c) Name of Persons Filing, Address of Principal Business Office, Citizenship This Persons”). The filing of this statement shall not be construed as an admission that any of the Reporting Persons is the beneficial (i) Wealthspring Capital LLC, a Delaware limited liability company (“Wealthspring”); and (ii) Matthew Simpson, who is a United States citizen and a manager of Wealthspring. The principal business address for Wealthspring and for Mr. Simpson is 2 Westchester Park Drive, Suite 108, West Harrison, NY 10604. (d) Title and class of securities covered by this statement : Common Stock, par value $0.0001 per share (“Shares”) (e) CUSIP Number : 74841A105 Item 3 . If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: Broker or dealer registered under section 15 of the Act; Bank as defined in section 3(a)(6) of the Act; Insurance company as defined in section 3(a)(19) of the Act; Investment company registered under section 8 of the Investment Company Act of 1940; An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act; CUSIP No. 74841A105 13G Page 5 of 7 A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: ________ Item 4 . Ownership (a) Each of Wealthspring Capital LLC and Mr. Simpson may be deemed to beneficially own 1,023,776 Shares. (b) The number of Shares that each of Wealthspring Capital LLC and Mr.

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