Cartica Acquisition Corp 8-K

What Happened

• Cartica Acquisition Corp (CRTAF) filed an 8‑K stating it failed to complete a business combination by the February 7, 2026 deadline in its governing documents and on that date ceased operations except to wind up, dissolve and liquidate. On February 17, 2026 the company notified FINRA of the anticipated redemption of its Class A ordinary shares and asked OTC Markets to suspend trading of its Class A shares, redeemable warrants and units effective before the opening of trading on February 24, 2026. The company intends to redeem the Class A shares on February 25, 2026 and to file a Form 15 to terminate its reporting obligations with the SEC after delisting.

Key Details

• Trust account balance (as of Feb 17, 2026): approximately $11,865,002.
• Class A shares outstanding: 927,559; estimated per‑share redemption amount: ~$12.79.
• Redeemable warrants: will expire worthless; no redemption or liquidating distribution for warrants.
• Trading suspension requested effective before market open on Feb 24, 2026; planned redemption on Feb 25, 2026; intent to file Form 15 to end Sections 13 and 15(d) reporting.

Why It Matters

• For shareholders: Class A holders are expected to receive a cash redemption (~$12.79 per share) that will extinguish their ownership rights; warrants will become worthless.
• For investors and the market: the company is winding down after failing to complete its SPAC business combination, removing its securities from OTC Markets and seeking to stop SEC reporting, which limits ongoing public disclosures.
• No further trading or corporate activity related to a business combination is expected beyond the wind‑up steps described in the filing.