Yotta Acquisition is a SPAC with no commercial operations. Yotta raised $115M in its April 2022 IPO, with proceeds held in trust pending an acquisition. Yotta has signed a merger agreement with DRIVEiT Financial Auto Group, a Maryland-based auto finance company, and must complete the deal by October 22, 2025 or liquidate and return funds to shareholders. The merger values DRIVEiT at $100M, paid entirely in Yotta stock at $10/share. The deal also includes a $3.9M convertible note and a PIPE commitment of $8.4M at closing, with nine additional $5M tranches post-closing from a single investor, who also holds an option to purchase up to $100M of additional preferred stock within one year of a registration statement becoming effective. Yotta has experienced heavy shareholder redemptions across multiple extension votes, substantially reducing the trust and contributing to Nasdaq compliance issues. The SPAC's sponsors earn their return through founder shares — cheap equity that becomes valuable only if a deal closes, creating an inherent incentive to complete a transaction regardless of deal quality.