Quetta Acquisition Announces Business Combination with Smart Kreate

An update from Quetta Acquisition Corp. ( (QETA) ) is now available.

On March 6, 2026, Quetta Acquisition Corp. and Smart Kreate Group entered into a business combination agreement that will take the AI-enabled logistics platform public on Nasdaq under the Smart Kreate Group name, valuing the company at an enterprise value of about $200 million. The transaction, structured through a two-step merger into a Cayman Islands holding company, will convert Quetta shares into PubCo Class A stock, roll Smart Kreate equity into Class A and Class B shares based on an exchange ratio tied to a $200 million equity value plus new financing, and is supported by shareholder and sponsor lock-up and voting agreements that underscore strategic backing for SKG’s bid to scale its predictive logistics technology globally.

The deal includes customary covenants on conduct before closing, conditions such as regulatory and shareholder approvals and Nasdaq listing clearance, and termination rights if milestones are not met by roughly 270 days after signing, with the parties targeting completion in the third quarter of 2026. By aligning a SPAC structure, incentive equity plan and registration rights framework around SKG’s AI-driven operating system, the combination is intended to give public investors exposure to the convergence of data, AI and global trade while providing the capital base and governance arrangements needed to accelerate SKG’s expansion and solidify its position in the emerging market for autonomous, intelligence-led logistics solutions.

More about Quetta Acquisition Corp.

Smart Kreate Group is a Hong Kong-based cloud logistics technology conglomerate whose AI-driven operating system integrates transportation and supply chain data across borders to provide real-time visibility and predictive decision support for global shippers. Through subsidiaries including Smart Minds Holdings, Times Express and H2N, the company targets the structural shift in logistics from manual execution to AI-led orchestration, positioning itself as a digital backbone for international trade.

Quetta Acquisition Corp., listed on Nasdaq under the ticker QETA, is a Delaware-incorporated special purpose acquisition company formed in 2023 to merge with high-growth, innovation-focused businesses seeking access to U.S. public markets. Its strategy centers on partnering with companies that can leverage public capital markets to accelerate expansion and enhance their competitive position in fast-evolving sectors such as data, AI and logistics technology.

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Technical Sentiment Signal: Strong Buy

Current Market Cap: $42.74M

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