Tech & Telecom Acquisition Corp Files Q3 10-Q
Ticker: TETUF · Form: 10-Q · Filed: Oct 9, 2024 · CIK: 1900679
| Field | Detail |
|---|---|
| Company | Technology & Telecommunication Acquisition Corp (TETUF) |
| Form Type | 10-Q |
| Filed Date | Oct 9, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $10.15 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
TETE 10-Q filed for Aug 31, 2024. Financials updated.
AI Summary
Technology & Telecommunication Acquisition Corp filed its 10-Q for the period ending August 31, 2024. The company, based in Miami, FL, with a fiscal year end of November 30, reported on its Class A and Class B ordinary shares. The filing covers financial activities and disclosures for the third quarter and year-to-date periods.
Why It Matters
This filing provides investors with an update on the financial health and operational status of Technology & Telecommunication Acquisition Corp, crucial for understanding its performance and future prospects.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing financial updates and disclosures, not indicating immediate or significant new risks.
Key Numbers
- August 31, 2024 — Reporting Period End (Covers financial data up to this date.)
- November 30 — Fiscal Year End (Indicates when the company's fiscal year concludes.)
Key Players & Entities
- Technology & Telecommunication Acquisition Corp (company) — Filer
- Miami, FL (location) — Business Address
- 001-41229 (other) — SEC File Number
- 2024-08-31 (date) — Reporting Period End Date
- 2024-10-09 (date) — Filing Date
FAQ
What is the primary business of Technology & Telecommunication Acquisition Corp?
The filing indicates the company's SIC code is 7389, which falls under SERVICES-BUSINESS SERVICES, NEC, suggesting a focus on business services within the technology and telecommunications sector, though specific details of their acquisition strategy are not provided in this excerpt.
What are the main share classes reported in this 10-Q?
The filing specifically mentions Class A Ordinary Shares and Class B Ordinary Shares, including their status as part of units.
When was this 10-Q filing submitted to the SEC?
This 10-Q was filed on October 9, 2024.
What is the SEC file number for Technology & Telecommunication Acquisition Corp?
The SEC file number is 001-41229.
What is the reporting period covered by this 10-Q?
The report covers the period ending on August 31, 2024.
Filing Stats: 4,762 words · 19 min read · ~16 pages · Grade level 19.6 · Accepted 2024-10-08 17:57:24
Key Financial Figures
- $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) — 605KB
- ex31-1.htm (EX-31.1) — 20KB
- ex31-2.htm (EX-31.2) — 19KB
- ex32-1.htm (EX-32.1) — 8KB
- ex32-2.htm (EX-32.2) — 8KB
- 0001493152-24-040488.txt ( ) — 3277KB
- tete-20240831.xsd (EX-101.SCH) — 24KB
- tete-20240831_cal.xml (EX-101.CAL) — 25KB
- tete-20240831_def.xml (EX-101.DEF) — 154KB
- tete-20240831_lab.xml (EX-101.LAB) — 189KB
- tete-20240831_pre.xml (EX-101.PRE) — 171KB
- form10-q_htm.xml (XML) — 442KB
- 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 4 Item 4.
Controls and Procedures
Controls and Procedures 4
- 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) August 31, 2024 November 30, 2023 ASSETS Current Assets Cash $ 40,533 $ 9,917 Prepaid expenses 61,173 5,995 Total Current Assets 101,706 15,912 Cash and Marketable Securities held in trust account 31,138,174 33,749,917 Total Assets $ 31,239,880 $ 33,765,829 LIABILITIES AND SHAREHOLDERS' DEFICIT Current liabilities Accounts payable $ 1,287,561 $ 1,173,919 Extension loan 2,612,277 1,654,471 Working capital loan 851,000 300,000 Total Current Liabilities 4,750,838 3,128,390 Deferred underwriter commission 4,025,000 4,025,000 Total Liabilities 8,775,838 7,153,390 Commitments and Contingencies - - Class A ordinary shares subject to possible redemption; 2,568,240 and 2,976,709 shares (at $ 12.12 and $ 11.34 per share) as of August 31, 2024 and November 30, 2023, respectively 31,138,174 33,749,917 Shareholders' Deficit Preference Shares, $ 0.0001 par value; 1,000,000 shares authorized; none issued and outstanding as of August 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 2,568,240 and 2,976,709 shares subject to possible redemption) as of August 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 August 31, 2024 and November 30, 2023 — — Common stock value — — Additional paid-in capital — — Accumulated deficit ( 8,674,473 ) ( 7,137,819 ) Total Shareholders' Deficit ( 8,674,132 ) ( 7,137,478 ) Total Liabilities and Shareholders' Deficit $ 31,239,880 $ 33,765,829 The accompanying notes are an integral part of these unaudited consolidated financial statements. F-1 TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORPOR