NaturalShrimp (OTCQB: SHMP) is making a powerful move northbound after the Company filed a registration statement on Form S-4, which contains a preliminary proxy statement/prospectus, with the SEC in connection with their previously announced proposed business combination with SPAC Yotta Acquisition Corporation (NASDAQ: YOTA). The registration statement includes financials of NaturalShrimp for the nine months ended December 31, 2022 and 2021 and can be found here. Assuming no redemptions by Yotta public stockholders, upon closing, the combined entity could have access to as much as $105 million in net cash (after paying transaction expenses) from the Yotta trust account. The proposed business combination is expected to close in the second quarter of 2023, subject to Nasdaq approval. 

Investors in SHMP are looking for a major continued upside from here. SHMP is notable because the stock was one of the biggest runners of 2021 skyrocketing from lows subs to $0.90 per share in a colossal move that made penny stock speculators rich. Now moving northbound with power since reversing off 52-week lows, SHMP is once again under accumulation by a core group of investors looking for another rise northbound. We will be updating on SHMP when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.

Under the terms of the Business Combination Agreement with Yotta, Yotta subsidiary, Merger Sub, Inc., will merge with and into the NaturalShrimp, after which NaturalShrimp will be the surviving company and a wholly owned subsidiary of Yotta Acquisition Corp. and Yotta shall change its name to NaturalShrimp Incorporated listed on the NASDAQ stock exchange. Yotta Acquisition Corp. will issue 17.5 million of its common shares (current valuation of $175.0 million) to the security holders of NaturalShrimp. In addition, the stockholders of Natural Shrimp are entitled to receive an additional 5 million common shares based on achieving certain revenue targets for 2024 and 5 million common shares based on achieving certain revenue targets for 2025.  

NSI recently built a new 40,000 square foot fully operational shrimp production facility in La Coste. TX outside of San Antonio, TX containing twenty 2,000-gallon nursery tanks, forty 20,000-gallon growout tanks, two 10,000-gallon settling tanks, and one 20,000-gallon harvest tank for a total tank volume capacity of 880,000 gallons. In addition, NaturalShrimp converted an existing 8,000 square foot structure to serve as a water treatment plant for the new shrimp production facility. NSI acquired the assets of a previous Barramundi indoor recirculating fish farm located in Iowa. These facilities provide 2,700,000 gallons of recirculating capacity and approximately 344,000 square feet. 

NaturalShrimp Inc $SHMP Jumbo move! pic.twitter.com/UYiOq4S4fc

— Hedgehog Trader 🦔 (@HedgehogTrader) May 1, 2023

Gerald Easterling, CEO of NaturalShrimp stated: “This week’s filing represents a key event to close our proposed business combination with Yotta in the second quarter of 2023. More importantly, the registration statement includes amended financials for nine months 2021 and 2022 ended December 31. As we move ahead into 2023, we remain confident in our trajectory despite the delay in the estimated close date due to non-material events beyond our control and look forward to sharing more on our developing story in the months ahead. 

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NaturalShrimp, Inc. is a publicly traded aquaculture Company, headquartered in Dallas, with production facilities located near San Antonio, Texas and Webster City, Iowa. The Company has developed the first commercially viable system for growing shrimp in enclosed, salt-water systems, using patented technology to produce fresh, never frozen, naturally grown shrimp, without the use of antibiotics or toxic chemicals. NaturalShrimp systems can be located anywhere in the world to produce gourmet-grade Pacific white shrimp. NSI also has a subsidiary Natural Aquatic Systems which is focused on warm water finfish and crustaceans e.g., salmon, barramundi, abalone, trout, and yellowtail kingfish. Natural Aquatic Systems is approaching this industry in three parallel phases that include testing, pilot, and commercial. The will have 3 commercial facilities located in Webster City, Iowa and La Coste, Texas. According to documents obtained from Yoda the Company has enormous growth plans moving forward. 

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Here are the $SHMP growth plans that $YOTA is investing in! https://t.co/BE24PAjFqT

— water = money 🍤🚀💧🐟⛈ (@Overheard_PMO) May 1, 2023

NSI is currently working with US Foods in the South Texas area, that includes an exclusive grow out program for their customers in Austin, Houston, and San Antonio. US Foods is one of America’s great food companies and a leading foodservice distributor, partnering with approximately 250,000 restaurants and foodservice operators to help their businesses succeed. NSI also launched a prawn farm wastewater trial in Mackay, Australia. The study is funded by the Fisheries Research and Development Corporation (FRDC) and the Australian Prawn Farmers Association. More recently the Company entered into a year-long agreement with Homegrown Shrimp USA, Inc. for the purchase of post-larvae shrimp for stocking in the Company’s Webster City, Iowa and La Coste, Texas facilities. The agreement provides for the delivery of up to 2,000,000 PLs per month for a term of twelve months. 

So why is SHMP in play? stocks with a history of legendary runs like SHMP which ran from current levels to $0.90 often run again in the future. Investors in SHMP are looking for a major continued upside from here. SHMP is notable because the stock was one of the biggest runners of 2021 skyrocketing from lows subs to $0.90 per share in a colossal move that made penny stock speculators rich. Now moving northbound with power since reversing off 52 week lows, SHMP is once again under accumulation by a core group of investors looking for another rise northbound.  Under the terms of the Business Combination Agreement with Yotta, Yotta subsidiary, Merger Sub, Inc., will merge with and into the NSI after which the Company will be the surviving company and a wholly owned subsidiary of Yotta Acquisition Corp. and Yotta shall change its name to NSI Incorporated listed on the NASDAQ stock exchange. We will be updating on SHMP when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.

Disclosure: we hold no position in SHMP either long or short and we have not been compensated for this article.