secwatch.observer — SEC 8-K summary
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Issuer:     Technology & Telecommunication Acquisition Corp (TETEF)
CIK:        0001900679
Form:       8-K
Filed at:   2022-01-26T23:59:59+00:00
Accession:  0001493152-22-002293
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPAC Technology & Telecommunication closes IPO raising $115M gross proceeds
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- IPO of 11.5M units (incl. full over-allotment) at $10.00/unit; gross proceeds $115M.
- Private placement of 532,500 units at $10.00/unit from sponsor; gross $5.325M.
- Net proceeds of $116.725M deposited into trust account; $10.15 per unit.
- Audited balance sheet shows $1.56M cash outside trust, $118.29M total assets.
- Class A ordinary shares subject to possible redemption classified as temporary equity at $116.725M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1900679/000149315222002293/0001493152-22-002293-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1900679/000149315222002293/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-002293

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