Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On June 20, 2023, Yotta Acquisition Corporation (the "Company") issued an unsecured promissory note in the aggregate principal amount of $40,000 (the "Note") to Yotta Investment LLC, the Company's initial public offering sponsor ("Sponsor"), in exchange for Sponsor depositing such amount into the Company's trust account in order to extend the amount of time it has available to complete a business combination. The Note does not bear interest and matures upon the closing of a business combination by the Company.

Item 8.01 Other Events

The Company extended the business combination period to July 22, 2023, by depositing $120,000 to the trust account on June 20, 2023. The Company issued the press release filed herewith on June 21, 2023. The materials attached as Exhibit 99.1 are incorporated by reference herein. Pursuant to the terms of the Merger Agreement dated, October 24, 2022 by and among the Company, Yotta Merger Sub, Inc., a Nevada corporation and wholly owned subsidiary of the Company, and NaturalShrimp Incorporated, a Nevada corporation, NaturalShrimp Incorporated paid one-half of the extension fee while the Company paid the other half.

Item 9.01. Financial Statements and Exhibits.



Exhibit No.   Description
10.1            Promissory Note dated June 20, 2023
99.1            Press Release dated June 21, 2023




                                       1

© Edgar Online, source Glimpses