other material
confidence high
sentiment neutral
materiality 0.75
TMT Acquisition Corp closes $60M IPO, places $61.2M in trust for business combination
TMT Acquisition Corp.
- IPO of 6,000,000 units at $10.00/unit, gross proceeds $60,000,000.
- Private placement of 370,000 units to sponsor 2TM Holding LP for $3,700,000.
- Net proceeds of $61,200,000 deposited in trust account for public shareholders.
- Units trade on Nasdaq under TMTCU; ordinary shares and rights under TMTC and TMTCR.
- Company has 9 months (up to 18) to complete an initial business combination.