M&A - Technology & Telecommunication Acquisition Corp

Form Type: 10-Q

Filing Date: 2025-04-21

Corporate Action: Merger

Type: Update

Accession Number: 000164117225005575

Filing Summary: The document is a quarterly report for Technology & Telecommunication Acquisition Corporation for the quarter ended February 28, 2025. It outlines the company's financial status, including details about its assets, liabilities, and shareholders' equity. The company has entered into a Merger Agreement for a business combination with Bradbury Capital Holdings Inc. The Agreement indicates a total consideration of $1.1 billion, with shares valued at $10.00 each, and outlines the steps for merger execution. As of April 21, 2025, there are 3,982,043 Class A ordinary shares issued and outstanding. The report also discusses the financial performance for the quarter, noting a net income of $67,961 and changes in operating activities. Significant cash flows are reported from financing activities related to loans and stock redemptions, impacting the company's liquidity and financial positioning, which are crucial as the company has not commenced operations yet since its inception.

Form Type: DEFA14A

Filing Date: 2025-04-15

Corporate Action: Acquisition

Type: Update

Accession Number: 000164117225004853

Filing Summary: Technology & Telecommunication Acquisition Corporation is holding an extraordinary general meeting on April 16, 2025, where shareholders will vote on important proposals including the Extension Amendment Proposal, which seeks to extend the period to complete a business combination from April 20, 2025, to August 20, 2025. This extension is necessary as the company believes it will not have sufficient time to finalize a merger with Bradbury Capital Holdings Inc. before the current deadline. Other proposals include amendments to the trust agreement to coincide with this extension and an adjournment proposal if necessary to gather proxy votes. Previously, the company has extended its business combination deadlines multiple times based on shareholder approvals. Recent changes also involve new agreements with investors aimed at ensuring support for the upcoming vote and preventing redemptions that could impact the proposed merger negatively. The document outlines the substantial interest from both management and shareholders in completing the transaction successfully while detailing the importance of this meeting for the company's future.

Form Type: 10-K

Filing Date: 2025-03-17

Corporate Action: Merger

Type: Update

Accession Number: 000149315225010514

Filing Summary: Technology & Telecommunication Acquisition Corp (TETE) completed its IPO on January 20, 2022, raising $116,725,000, which was deposited into a trust account. The company seeks to complete a business combination by April 20, 2025, or face automatic liquidation. TETE is merging with Bradbury Capital Holdings Inc., through a two-step plan involving a reincorporation merger and an acquisition merger. The business combination, valued at $1.1 billion, will involve issuing 110 million shares at $10 each, with a portion escrowed for indemnification. Shareholder approval is needed, along with SEC clearance, with a projected closing in Q2 2025. If TETE fails to complete the merger by April 2025, it will dissolve and distribute any remaining trust account assets to shareholders. Recent shareholder meetings have involved significant share redemptions, and a non-redemption agreement was established to facilitate the merger.