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An update from Yotta Acquisition Corp. (YOTA) is now available.
Yotta Acquisition Corporation has announced a significant merger with DRIVEiT Financial Auto Group, leading to DRIVEiT becoming a wholly-owned subsidiary of Yotta and the company being rebranded under the DRIVEiT name. This $100 million deal, to be paid in Yotta common stock, is pending stockholder approvals and customary closing conditions. The merger aims to bolster Yotta’s presence in the electric vehicle market by integrating DRIVEiT’s comprehensive electronic vehicle solutions, including financing and after-sales services.
See more data about YOTA stock on TipRanks’ Stock Analysis page.