QETA

Quetta Acquisition Corp. operates as a special purpose acquisition company (SPAC) formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is headquartered in Grand Cayman, Cayman Islands. QETA raised $345 million in its initial public offering, with units priced at $10.00 each, and trades on the NASDAQ under the ticker symbol QETA. As a blank check company, it does not have operations of its own but instead seeks to identify and acquire a target company, typically within 18-24 months of its IPO. The SPAC is sponsored by Quetta Capital, which focuses on identifying potential business combinations in the technology, media, and telecommunications sectors, with particular emphasis on companies demonstrating strong growth potential and sustainable competitive advantages. The company's management team comprises industry veterans with experience in private equity, investment banking, and corporate development. QETA holds its IPO proceeds in a trust account while conducting its search for a suitable acquisition target. Upon completing a business combination, the target company becomes publicly traded through the merger with the SPAC, providing an alternative path to traditional IPOs for private companies seeking public market access.