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Quetta Acquisition Corp. ( (QETA) ) has issued an announcement.

On February 11, 2026, Quetta Acquisition Corporation announced that Hui Chen resigned as chief executive officer and as a member of the board, with the company stating his departure did not stem from any disagreement over its operations, policies or practices. The same day, the board appointed 34-year-old Zihan Chen, a graduate of Xiamen University of Technology with no disclosed related-party ties to existing leadership, as CEO and director under an employment agreement providing a base salary of $2,000 per month, signaling continuity in governance while formalizing modest compensation terms for the new chief.

The leadership transition on February 11, 2026, underscores a controlled change at the helm of the SPAC, with both the absence of internal disputes and the lack of related-party transactions suggesting a focus on regulatory compliance and stability. For stakeholders, the appointment of a relatively young chief executive with a lean pay package may indicate a cost-conscious approach as Quetta Acquisition Corporation continues its search for or execution of a business combination in line with its blank-check mandate.

More about Quetta Acquisition Corp.

Quetta Acquisition Corporation is a special purpose acquisition company that operates as a blank-check firm, formed to effect mergers, share exchanges or similar business combinations, rather than producing traditional goods or services. The company focuses on identifying and combining with target businesses, providing them with access to public capital markets.

Average Trading Volume: 6,651

Technical Sentiment Signal: Strong Buy

Current Market Cap: $42.61M

For a thorough assessment of QETA stock, go to TipRanks’ Stock Analysis page.