IPO for SPAC Technology & Telecommunication Acquisition (TETE) Opens at $10

January 18, 2022 10:55 AM EST

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Today's IPO for SPAC Technology & Telecommunication Acquisition (NASDAQ: TETEU) (NASDAQ: TETE) opened for trading at $10 after pricing 10,000,000 units at $10.00 per unit.

EF Hutton, division of Benchmark Investments, LLC, is acting as the sole book running manager for the offering.

The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company has not selected any specific business combination target and has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. While the Company may pursue an initial business combination target in any business or industry, it intends to focus its search on companies in the technology and telecommunications sector in Malaysia. The Company is led by Tek Che Ng, the Company’s Chairman of the Board and Chief Executive Officer.

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Definitive Agreement, IPO, SPAC