TMT Acquisition Corporation (TMTC) Prices $60M IPO

TMT Acquisition Corporation priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TMTCU” Tuesday, March 28, 2023.

The SPAC intends to focus its search on businesses that are operating in Asia and have a strong management team. TMT is led by CEO and Chairman Dajiang Guo, and CFO Jichuan Yang.

Total SPAC deal count for 2023 year-to-date is now 10. This offering is expected to close on Thursday, March 30, 2023.

Maxim Group LLC is acting as the sole book-running manager for the offering. Revere Securities LLC is acting as a co-manager for the offering. The Crone Law Group P.C. is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. UHY LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.