secwatch.observer — SEC 8-K summary
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Issuer:     Technology & Telecommunication Acquisition Corp (TETEF)
CIK:        0001900679
Form:       8-K
Filed at:   2022-01-24T23:59:59+00:00
Accession:  0001493152-22-002015
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Technology & Telecommunication Acquisition Corp completes IPO raising $115M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1900679/000149315222002015/0001493152-22-002015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1900679/000149315222002015/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-002015

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