GlobeNewswire Inc. · Jan 20, 2022
Technology & Telecommunication Acquisition Corporation Announces Closing of Initial Public Offering and Exercise of Full Over-Allotment Option
KUALA LUMPUR, MALAYSIA, Jan. 20, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Technology & Telecommunication Acquisition Corporation (the "Company") announced today that it closed its initial public offering (the “Offering”) of 10,000,000 units at $10.00 per unit. Each unit consists of one of the Company's Class A ordinary shares and one redeemable warrant. Each warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. The underwriters exercised their over-allotment option in full for an additional 1,500,000 units at the time of the closing of the Offering. As a result, the aggregate gross proceeds of the Offering, including the over-allotment, are $115 million, prior to deducting underwriting discounts, commissions, and other Offering expenses.
