YOTA
Yotta Acquisition Corporation2.0000
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
7.37MP/E (TTM)
-Basic EPS (TTM)
-0.03Dividend Yield
0%Recent Filings
8-K
10-Q
Q1 FY2025 results
Yotta Acquisition, a blank check company, reported a net loss of $307,319 for Q1 FY2025 ended March 31, 2025, up from $41,580 y/y, driven by higher general and administrative expenses of $346,266 versus $114,435 last year, while interest income dipped to $57,000 from $102,594. Operating loss widened to $353,966 from $124,807 y/y, with no revenue as it hunts for a business combination. Cash dwindled to $73,434 from $194,779 q/q, amid a $5M working capital deficit, yet the Trust Account grew to $5.6M on accretions. It's pushing a $100M merger with DRIVEiT, backed by $8.4M PIPE and $2.95M note, extending deadlines to July 2025 via monthly deposits. Delisting from Nasdaq hit in April 2025 over missed combination timelines. But regulatory hurdles could snag the deal.
8-K
Board reshuffle after director's death
Yotta Acquisition Corporation disclosed the death of board member and Audit Committee Chairperson Brandon Miller on April 29, 2025, prompting swift board adjustments. The board appointed existing director Qi Gong as the new Audit Committee Chairperson and added Ping Zhang, an independent director with experience in air freight and advertising, to fill the vacancy across key committees. This ensures continuity in governance amid the SPAC's pre-merger phase. No related transactions or conflicts disclosed.
8-K
Auditor switch at Yotta
Yotta Acquisition Corporation dismissed Marcum LLP as its independent auditor on April 29, 2025, effective immediately, and engaged CBIZ CPAs to fill the role for the year ending December 31, 2025, following CBIZ's acquisition of Marcum's attest business in November 2024. The switch, approved by the audit committee, occurred without disagreements or reportable events, though Marcum's 2024 audit report flagged going concern doubts and material weaknesses in internal controls like segregation of duties and expense accruals. No clean break here. This ensures audit continuity amid ongoing control remediation.
8-K
Nasdaq delisting for Yotta SPAC
Yotta Acquisition Corporation faces Nasdaq delisting after missing its April 19, 2025 deadline to complete an initial business combination, with trading of its common stock, units, rights, and warrants suspended starting April 28, 2025. The SPAC also owes unpaid fees, sealing its non-compliance fate. It plans an OTC listing shift while pushing for a deal. Delisting risks liquidity, yet reporting duties persist.
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