Tech & Telecom Acquisition Corp Files 10-Q

TL;DR

TETE 10-Q filed. Financials for Class A, B shares & warrants updated.

AI Summary

Technology & Telecommunication Acquisition Corp filed its 10-Q for the period ending May 31, 2024. The company reported financial data for its Class A and Class B ordinary shares, as well as redeemable warrants. Specific financial figures for revenue, net income, and assets are not detailed in this header information.

Why It Matters

This filing provides an update on the financial status and share structure of Technology & Telecommunication Acquisition Corp, which is crucial for investors tracking the company's performance and potential future activities.

Risk Assessment

Risk Level: low — This filing is a standard quarterly report and does not contain immediate, high-impact negative news.

Key Numbers

• 2024-05-31 — Reporting Period End Date (Indicates the end of the fiscal quarter covered by the report.)
• 2024-07-03 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
• 2023-11-30 — Fiscal Year End (The company's annual fiscal year concludes on this date.)

Key Players & Entities

• Technology & Telecommunication Acquisition Corp (company) — Filer of the 10-Q
• 0001900679 (company) — Central Index Key for the filer
• 78 SW 7TH STREET SUITE 500 (location) — Company's business and mailing address
• MIAMI, FL 33130 (location) — Company's business and mailing address

FAQ

Key Financial Figures

• $0.0001 — 209 Class A ordinary shares, par value $0.0001. TECHNOLOGY & TELECOMMUNICATION ACQUI
• $10.15 — funds in the Trust Account to below (i) $10.15 per Public Share or (ii) such lesser am

Filing Documents

• form10-q.htm (10-Q) — 562KB
• ex31-1.htm (EX-31.1) — 19KB
• ex31-2.htm (EX-31.2) — 19KB
• ex32-1.htm (EX-32.1) — 8KB
• ex32-2.htm (EX-32.2) — 8KB
• 0001493152-24-026245.txt ( ) — 3236KB
• tete-20240531.xsd (EX-101.SCH) — 24KB
• tete-20240531_cal.xml (EX-101.CAL) — 25KB
• tete-20240531_def.xml (EX-101.DEF) — 159KB
• tete-20240531_lab.xml (EX-101.LAB) — 190KB
• tete-20240531_pre.xml (EX-101.PRE) — 176KB
• form10-q_htm.xml (XML) — 413KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION F-1 Item 1.

Financial Statements

Financial Statements F-1 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 3 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 5 Item 4.

Controls and Procedures

Controls and Procedures 5

- OTHER INFORMATION

PART II - OTHER INFORMATION 5 Item 1.

Legal Proceedings

Legal Proceedings 5 Item 1A.

Risk Factors

Risk Factors 5 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 5 Item 3. Defaults Upon Senior Securities 5 Item 4. Mine Safety Disclosures 5 Item 5. Other Information 5 Item 6. Exhibits 5

SIGNATURES

SIGNATURES 6 2 Item 1. Financial Statements TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORPORATION CONSOLIDATED BALANCE SHEETS (Unaudited) May 31, 2024 November 30, 2023 ASSETS Current Assets Cash $ 4,200 $ 9,917 Prepaid expenses 51,748 5,995 Total Current Assets 55,948 15,912 Cash and Marketable Securities held in trust account 35,448,136 33,749,917 Total Assets $ 35,504,084 $ 33,765,829 LIABILITIES AND SHAREHOLDERS' DEFICIT Current liabilities Accounts payable $ 1,233,820 $ 1,173,919 Extension loan 2,458,183 1,654,471 Working capital loan 651,000 300,000 Total Current Liabilities 4,343,003 3,128,390 Deferred underwriter commission 4,025,000 4,025,000 Total Liabilities 8,368,003 7,153,390 Commitments and Contingencies - - Class A ordinary shares subject to possible redemption; 2,976,709 shares (at $ 11.91 and $ 11.34 per share) as of May 31, 2024 and November 30, 2023, respectively 35,448,136 33,749,917 Shareholders' Deficit Preference Shares, $ 0.0001 par value; 1,000,000 shares authorized; none issued and outstanding as of May 31, 2024 and November 30, 2023 — — Class A ordinary shares, $ 0.0001 par value; 479,000,000 shares authorized; 3,407,500 shares issued and outstanding (excluding 2,976,709 shares subject to possible redemption) as of May 31, 2024 and November 30, 2023 341 341 Class B ordinary shares, $ 0.0001 par value; 20,000,000 shares authorized; - 0 - shares issued and outstanding as of May 31, 2024 and November 30, 2023 — — Common stock value — — Additional paid-in capital — — Accumulated deficit ( 8,312,396 ) ( 7,137,819 ) Total Shareholders' Deficit ( 8,312,055 ) ( 7,137,478 ) Total Liabilities and Shareholders' Deficit $ 35,504,084 $ 33,765,829 The accompanying notes are an integral part of these unaudited consolidated financial statements. F-1 TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORPORATION CONSOLIDATED

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View this 10-Q filing on SEC EDGAR