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New Deal


Announced

NaturalShrimp to go public via a SPAC merger with Yotta Acquisition in a $275m deal.

Financials

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Transaction Value£243m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Private

Reverse Takeover

Domestic

Merger

shrimps

De-SPAC

Majority

Friendly

Farming Fishing Ranching and Plantations

Acquisition

United States

Single Bidder

Synopsis

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NaturalShrimp, a shrimp farming biotechnology company, agreed to go public via a SPAC merger with Yotta Acquisition in a $275m deal. “We believe NaturalShrimp’s patented technologies, attractive business model and unit economics provides a premium pricing opportunity for fresh, locally grown product that is of superior quality and sustainable. We further believe that NaturalShrimp is well-positioned to become a premier provider of shrimp in the U.S., and we are pleased that Yotta’s stockholders will have the opportunity to invest and help fill the gap in the large and growing shrimp market with land-based gourmet-grade shrimp without the use of antibiotics, probiotics or toxic chemicals," Hui Chen, Yotta CEO.

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