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Technology & Telecommunication Acquisition Unit (US:TETE) — Company Overview, News & Financial Data

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Company profile

Technology & Telecommunication Acquisition Unit

About

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Technology & Telecommunication Acquisition Corporation (NASDAQ:TETE) is a blank check company, also known as a SPAC. It raised $100 million through an IPO in January 2022 with the purpose of acquiring a private company in the technology and telecommunication sector. TETE trades on the Nasdaq under the ticker symbol TETE. They haven't announced a target business yet, and completing a merger is necessary for them to take on the target's business operations. There's inherent risk in investing in TETE since their future business depends on the success of the merger.

Snapshot

Public USOwnership
2021Year founded
5Employees
Kuala Lumpur, MalaysiaHead office
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Global footprint

Operations

All Locations
Malaysia

Products and/or services of Technology & Telecommunication Acquisition Unit

  • Raise Capital: SPACs raise money through an IPO, selling shares to investors.
  • Search for Target: After going public, the SPAC searches for a private company to acquire.
  • Acquisition & Merger: Once a target is identified, the SPAC merges with the private company, taking it public.

Technology & Telecommunication Acquisition Unit executive team

  • Dr. Tek Che NgChairman & CEO
  • Mr. Chow Wing LokeChief Financial Officer