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SPAC · Deal announced · QETA

Quetta Acquisition Corporation

Business combination with Smart Kreate Group Limited

Quetta Acquisition Corporation (QETA) is a blank-check company (SPAC) that raised $60M in its initial public offering on Oct 10, 2023, listing on Nasdaq Global Market. It agreed to combine with Smart Kreate Group Limited, announced on Mar 6, 2026, at a stated value of $200M. The deal has not closed yet. EF Hutton led the IPO, with Benchmark and Brookline. Loeb & Loeb advised the SPAC and Robinson & Cole advised the underwriters on the IPO.

Smart Kreate Group Limited is a Hong Kong cloud logistics technology company, described as a conglomerate, that provides AI-based cloud logistics technology. It is the target of a proposed merger with Quetta Acquisition Corporation.

Status
Deal announced
Ticker
QETA
IPO date
Oct 10, 2023
IPO size
$60M
IPO exchange
Nasdaq Global Market
Target
Smart Kreate Group Limited
Target sector
AI/Software
Announced
Mar 6, 2026
Stated deal value
$200M
Combined company
Smart Kreate Group Limited
IPO underwriters
EF Hutton, Benchmark, Brookline and Arcadia
SPAC counsel (IPO)
Loeb & Loeb
Underwriters' counsel (IPO)
Robinson & Cole

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