Yotta Acquisition Corp. Faces Delisting Notice

TL;DR

Yotta Acquisition Corp. got a delisting warning. Stock might be in trouble.

AI Summary

Yotta Acquisition Corp. filed an 8-K on May 21, 2024, reporting a notice of delisting or failure to satisfy continued listing rules as of May 16, 2024. The company, incorporated in Delaware, is involved in agriculture production - livestock & animal specialties.

Why It Matters

This filing indicates potential delisting from an exchange, which could significantly impact the liquidity and valuation of Yotta Acquisition Corp.'s securities.

Risk Assessment

Risk Level: high — A notice of delisting directly threatens the company's ability to remain publicly traded, posing a significant risk to investors.

Key Players & Entities

• Yotta Acquisition Corp. (company) — Registrant
• 0001829126-24-003608 (filing_id) — Accession Number
• May 16, 2024 (date) — Earliest event reported
• May 21, 2024 (date) — Filing Date
• 1185 Avenue of the Americas, Suite 301 New York, NY 10036 (address) — Company Business Address

FAQ

Filing Documents

• yottaacquisition_8k.htm (8-K) — 32KB
• 0001829126-24-003608.txt ( ) — 253KB
• yotau-20240516.xsd (EX-101.SCH) — 4KB
• yotau-20240516_def.xml (EX-101.DEF) — 27KB
• yotau-20240516_lab.xml (EX-101.LAB) — 37KB
• yotau-20240516_pre.xml (EX-101.PRE) — 25KB
• yottaacquisition_8k_htm.xml (XML) — 7KB

01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard;

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing On May 16, 2024, Yotta Acquisition Corporation (the "Company") received a written notice (the "Notice") from the Nasdaq Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") indicating that the Company was not in compliance with Listing Rule 5450(a)(2) (the "Minimum Public Holders Rule"), which requires the Company to have at least 400 public holders for continued listing on the Nasdaq Global Market (the "Minimum Public Holders Rule"). The Notice is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company's securities on Nasdaq Global Market. The Notice states that the Company has 45 calendar days to submit a plan to regain compliance with the Minimum Public Holders Rule. If the Company is unable to regain compliance by that date, the Company intends to submit a plan to regain compliance with the Minimum Public Holders Rule within the required timeframe. If Nasdaq accepts Company's plan, Nasdaq may grant the Company an extension of up to 180 calendar days from the date of the Notice to evidence compliance with the Minimum Public Holders Rule. If Nasdaq does not accept the Company's plan, the Company will have the opportunity to appeal the decision in front of a Nasdaq Hearings Panel. 1

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: May 21, 2024 Yotta Acquisition Corporation By: /s/ Hui Chen Name: Hui Chen Title: Chief Executive Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR