Technology & Telecommunication Acquisition Corporation Announces Closing of Initial Public Offering and Exercise of Full Over-Allotment Option

KUALA LUMPUR, MALAYSIA – (NewMediaWire) – January 20, 2022 – Technology &

Telecommunication Acquisition Corporation (the “Company”) announced

today that it closed its initial public offering (the “Offering”) of 10,000,000

units at $10.00 per unit. Each unit consists of one of the Company’s Class A

ordinary shares and one redeemable warrant. Each warrant entitles the holder

thereof to purchase one Class A ordinary share at a price of $11.50 per share. The

underwriters exercised their over-allotment option in full for an additional

1,500,000 units at the time of the closing of the Offering. As a result, the

aggregate gross proceeds of the Offering, including the over-allotment, are

$115 million, prior to deducting underwriting discounts, commissions, and other

Offering expenses.

The units have been listed on the Nasdaq Global

Market (“Nasdaq”) and began trading on Tuesday, January 18, 2022,

under the ticker symbol “TETEU”. Once the securities comprising the

units begin separate trading, the Class A ordinary shares and warrants are

expected to be listed on Nasdaq under the symbols “TETE” and “TETEW,”


The Company is a blank check company formed for

the purpose of effecting a merger, capital stock exchange, asset acquisition,

stock purchase, reorganization or similar business combination with one or more

businesses. The Company has not selected any specific business combination

target and has not, nor has anyone on its behalf, initiated any substantive discussions,

directly or indirectly, with any business combination target. While the Company

may pursue an initial business combination target in any business or industry,

it intends to focus its search on companies in the technology and

telecommunications sector in Malaysia. The Company is led by Tek Che Ng, the

Company’s Chairman of the Board and Chief Executive Officer.

EF Hutton, division of Benchmark Investments,

LLC, served as the sole book running manager for the Offering.

Loeb & Loeb LLP served as legal counsel to

the Company. Becker & Poliakoff, LLP served as counsel to EF Hutton,

division of Benchmark Investments, LLC.

The Offering was made only by means of a

prospectus. Copies of the prospectus may be obtained, when available, from EF

Hutton, division of Benchmark Investments, LLC, Attn: Syndicate Department, 590

Madison Ave., 39th Floor, New York, New York 10022, by telephone at (212)

404-7002, by fax at (646) 861-4697, or by email at

A registration statement relating to these

securities has been filed with, and declared effective by, the Securities and

Exchange Commission (“SEC”), on January 14, 2022. A final prospectus

relating to the Offering has been filed with the SEC. This press release shall

not constitute an offer to sell or the solicitation of an offer to buy, nor

shall there be any sale of these securities in any state or jurisdiction in

which such an offer, solicitation or sale would be unlawful prior to

registration or qualification under the securities laws of any such state or



This press release contains statements that constitute “forward-looking

statements,” including with respect to the Company’s anticipated use of

the net proceeds of the Offering. Forward-looking statements are subject to

numerous conditions, many of which are beyond the control of the Company,

including those set forth in the Risk Factors section of the Company’s

registration statement and final prospectus for the Offering filed with the

SEC. Copies are available on the SEC’s website, The Company undertakes no obligation to update

these statements for revisions or changes after the date of this release,

except as required by law.

Company Contact:

Tek Che Ng

Chief Executive Officer


Phone: +60123348193

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