Technology & Telecommunication Acquisition Corp completes IPO raising $115M

Technology & Telecommunication Acquisition Corp

Completed IPO of 10,000,000 units at $10/unit; underwriters exercised over-allotment in full for 1,500,000 additional units, gross proceeds $115M.
Private placement of 532,500 placement units to sponsor Technology & Telecommunication LLC at $10/unit, gross proceeds $5.325M.
Total gross proceeds of $115M from IPO and $5.325M from placement, net of expenses, placed in trust account: $116.725M.
Company has 12-18 months to complete initial business combination; sponsor and officers agreed to vote in favor and to transfer restrictions.
EF Hutton acted as sole bookrunner; deferred underwriting discount of $4.025M held in trust.

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