TETE shareholders approve extension of business combination deadline to July 20, 2024

Technology & Telecommunication Acquisition Corp

Shareholders approved charter amendment allowing up to 12 monthly extensions to July 20, 2024.
For each monthly extension, TETE must deposit lesser of $144,000 or $0.045 per share into trust.
149,359 ordinary shares were redeemed in connection with the general meeting.
Trust agreement amended to reflect extension terms and Monthly Extension Amount deposits.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Technology & Telecommunication Acquisition Corp: Amended articles of association to extend the deadline for completing a business combination from July 20, 2023 to July 20, 2024, with up to twelve monthly extensions upon deposit of funds (effective 2023-07-19).

Change: charter amendment
Effective: 2023-07-19

Exact text from the filing

Subsequent to the approval by the shareholders of TETE of the Amendment to TETE’s Amended and Restated Memorandum and Articles of Association (the “ Charter Amendment ”), on July 19, 2023, TETE filed the Charter Amendment with the Registrar of Companies in the Cayman Islands.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Technology & Telecommunication Acquisition Corp amended IMTA Amendment with Continental Stock Transfer & Trust Company (effective 2023-07-18).

Action: amendment
Counterparty: Continental Stock Transfer & Trust Company
Effective: 2023-07-18

Exact text from the filing

Technology & Telecommunication Acquisition Corporation (“ TETE ” or the “ Company ”) and Continental Stock Transfer & Trust Company entered into an amendment, dated July 18, 2023, to the Investment Management Trust Agreement, dated January 14, 2022, by and between Continental Stock Transfer & Trust Company and TETE (the “ IMTA Amendment ”).

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

Technology & Telecommunication Acquisition Corp shareholders approved Proposal to amend the Articles of Association to provide for the right of a holder of the Company’s Class B ordinary shares, par value $0.0001 per share, to convert into Class A ordinary shares, par value $0.0001 per share, of the Company on a one-for-one basis at any time and from time to time prio at the 2023-01-18 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-01-18

Exact text from the filing

Proposal to amend the Articles of Association to provide for the right of a holder of the Company’s Class B ordinary shares, par value $0.0001 per share, to convert into Class A ordinary shares, par value $0.0001 per share, of the Company on a one-for-one basis at any time and from time to time prior to the closing of a business combination at the election of the holder. 5,877,432 3 0

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

Technology & Telecommunication Acquisition Corp shareholders approved Proposal to amend the Company’s Amended and Restated Articles of Association (the “Articles of Association”) to give the Company the right to extend the date by which it has to consummate a business combination (the “Combination Period”) up to twelve (12) times for an additional one (1) month each t at the 2023-01-18 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-01-18

Exact text from the filing

Proposal to amend the Company’s Amended and Restated Articles of Association (the “Articles of Association”) to give the Company the right to extend the date by which it has to consummate a business combination (the “Combination Period”) up to twelve (12) times for an additional one (1) month each time, from July 20, 2023 to July 20, 2024 (as extended, the “Extended Date”) (i.e., for a period of time ending 30 months after the consummation of its initial public offering. 5,877,432 3 0

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

Technology & Telecommunication Acquisition Corp shareholders approved Proposal to amend the Company’s investment management trust agreement, dated as of January 14, 2022, by and between the Company and Continental Stock Transfer & Trust Company (the “Trustee”), to allow the Company to extend the Combination Period up to twelve (12) times for an additional one (1) mont at the 2023-01-18 meeting.

Outcome: passed
Meeting: 2023-01-18

Exact text from the filing

Proposal to amend the Company’s investment management trust agreement, dated as of January 14, 2022, by and between the Company and Continental Stock Transfer & Trust Company (the “Trustee”), to allow the Company to extend the Combination Period up to twelve (12) times for an additional one (1) month each time from July 20, 2023 to the Extended Date by depositing into the Trust Account, for each one-month extension, the lesser of (a) $144,000 and (b) $0.045 for each Class A ordinary share issued and outstanding after giving effect to the Redemption. 5,877,432 3 0

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Source: SEC EDGAR

accession 0001493152-23-025398

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