Announcement • Mar 11
DRIVEiT Financial Auto Group, Inc cancelled the transaction to acquire Yotta Acquisition Corporation (NasdaqCM:YOTA) from Yotta Investment LLC and Hui Chen. DRIVEiT Financial Auto Group, Inc. executed the letter of intent to acquire Yotta Acquisition Corporation (NasdaqCM:YOTA) from Yotta Investment LLC and Hui Chen for approximately $110 million in a reverse merger transaction on May 20, 2024. DRIVEiT Financial Auto Group, Inc. entered into a definitive agreement to acquire Yotta Acquisition Corporation (NasdaqCM:YOTA) from Yotta Investment LLC and Hui Chen in a reverse merger transaction on August 20, 2024. The stockholders of DRIVEiT will receive an aggregate of 10,000,000 shares Yotta Acquisition, which, at an implied value of $10.00 per share, would represent $100 million in equity. DRIVEiT’s executive management team will continue to lead the combined company. Yotta will be renamed DRIVEiT Financial Auto Group, Inc.
The transaction is subject to the shareholders of Yotta and DRIVEiT. The transaction is subject to the approval of government authority, Listing of new shares on exchange, antitrust regulations and registration statement effectiveness. The transaction is unanimously approved by boards of directors of Yotta and DRIVEiT. The transaction is expected to complete in the first half of 2025.
Celine & Partners, PLLC acted as legal advisor to Yotta and will receive a fee of $267,000. Mitchell S. Nussbaum of Loeb & Loeb LLP acted as legal advisor to DRIVEiT. Yotta has engaged Advantage Proxy to assist in the solicitation of proxies for a fee of $12,500. Continental Stock Transfer & Trust Company is the transfer agent for shares of Yotta. EarlyBirdCapital acted as financial advisor and will receive a fee of one percent (1%) of the total consideration.
DRIVEiT Financial Auto Group, Inc cancelled the transaction to acquire Yotta Acquisition Corporation (NasdaqCM:YOTA) from Yotta Investment LLC and Hui Chen on March 4, 2026. Announcement • Nov 14
Yotta Acquisition Corporation announced delayed 10-Q filing On 11/13/2025, Yotta Acquisition Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Sep 22
Yotta Acquisition Corporation, Annual General Meeting, Oct 15, 2025 Yotta Acquisition Corporation, Annual General Meeting, Oct 15, 2025. Location: telephone access (listen-only):, within the u.s. and canada:1 800-450-7155 tollfree, outside of the u.s. and canada: 1 857-999-9155, (standard rates apply), United States 
