Cartica Acquisition Signs Multiple Material Agreements
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Cartica Acquisition has signed multiple agreements to unwind its proposed merger with Nidar Infrastructure, including a Termination Agreement providing $7 million in monthly expense payments through July 2026. A backstop side letter with Namaste Universe Sponsor ensures funding if Nidar defaults. With the merger terminated, Cartica plans to redeem public shares and proceed to liquidation in February 2026. The agreements formalize the unwind and settle obligations of the terminated merger, with mutual releases and limited indemnity support.
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