Technology & Telecommunication Acquisition Corp. (TETEU) Prices $100M IPO


Technology & Telecommunication Acquisition Corp. (TETEU) Prices $100M IPO

Jan 14, 2022 IPOs by Marlena Haddad

Technology & Telecommunication Acquisition Corp. announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TETEU” Tuesday, January 18.

The new SPAC intends to search for a target business focused on technology and telecommunications in Malaysia with an enterprise value between $100 million and $500 million. Technology & Telecommunication is led by Chairman of the Board and CEO Tek Che Ng, and CFO Chow Wing Loke.

Total SPAC deal count for 2022 year-to-date is now 14. This offering is expected to close on Thursday, January 20.

EF Hutton, division of Benchmark Investments, LLC, is acting as the sole book running manager for the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Becker & Poliakoff, LLP serving as Underwriter’s Counsel. MaloneBailey,LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.