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Quetta Acquisition Corp. ( (QETA) ) has shared an announcement.
On April 30, 2026, Quetta Acquisition Corporation entered into a Release and Discharge of Promissory Notes with KM Quad, under which KM Quad irrevocably canceled three promissory notes issued in 2024 and 2025 with an aggregate principal of $1.04 million. KM Quad confirmed that no principal, interest, fees or other amounts remain payable, and the release was executed in connection with a termination agreement between the parties dated January 15, 2026.
As a result of this release, Quetta Acquisition Corporation no longer has any outstanding obligations to KM Quad under these notes, effectively removing $1.04 million of promissory note liabilities from its balance sheet. The move clarifies the company’s capital structure following the earlier termination of its agreement with KM Quad and may improve financial flexibility for future strategic or transactional activities.
More about Quetta Acquisition Corp.
Quetta Acquisition Corporation is a special purpose acquisition company focused on effecting mergers, share exchanges or similar business combinations, typically targeting privately held businesses seeking access to public capital markets. The company operates as a blank-check entity, raising funds through an initial public offering and using the proceeds to pursue suitable acquisition opportunities within its defined investment mandate.
Average Trading Volume: 2,717
Technical Sentiment Signal: Buy
Current Market Cap: $42.63M
For detailed information about QETA stock, go to TipRanks’ Stock Analysis page.