Yotta set to debut on Nasdaq as SEC okays Cartica merger

Core Insights - Nidar Infrastructure Ltd, the parent company of Yotta, has filed for an IPO expected to raise approximately $463 million for GPU infrastructure expansion [1][5] - The merger between Yotta Data Services and Cartica Acquisition Corp has been approved by the SEC, with a shareholder vote scheduled for November 28, 2025 [2][5] - Yotta aims to build a globally competitive AI and cloud infrastructure platform, leveraging India's growing demand for digital infrastructure [3][5] Company Overview - Yotta operates Tier III and IV data centers in India, providing colocation, cloud, and AI services, and has developed Shakti Cloud, India's first indigenous AI HPC platform [4][5] - The company has established strategic partnerships with major players such as NVIDIA, Microsoft, and Indian government institutions, contributing significantly to the IndiaAI Mission [4][5] Market Context - The merger reflects increasing confidence in India's digital and AI infrastructure, positioning Yotta to access global capital and enhance its role in digital transformation across various sectors [4][5]