By Charlie Innis (April 20, 2022 at 3:24 p.m. EDT) — Yotta Acquisition Corp., a special purpose vehicle owned by Loeb & Loeb LLP targeting a range of technology industries, began trading Wednesday after raising $100 million Dollars had been raised from an elevated IPO as two other blank check companies withdrew from their floats.
Yotta Acquisition was offering 10 million units at $10 per unit after increasing its IPO size from 6 million units last week, according to an announcement. The increased supply comes as two other SPACs — Gateway Strategic Acquisition Co. and Avanea Energy Acquisition Corp. – Pulling back its IPO plans, contributing to a spate of cancellations as public markets overall…
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