TMT Acquisition Corp Announces Closing of $60 Million Initial Public Offering
March 30 2023 - 4:10PM
TMT Acquisition Corp (Nasdaq:TMTCU) (the “Company”), a blank check
company incorporated as a Cayman Islands exempted company formed
for the purpose of effecting a merger, share exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses, today announced the
closing of its previously announced initial public offering of
6,000,000 units at an offering price of $10.00 per unit, for
aggregate gross proceeds to the Company of $60,000,000.
Each unit consists of one ordinary share and one
right. Each right entitles the holder thereof to receive two-tenths
(2/10) of one ordinary share upon consummation of the Company’s
initial business combination. The units began trading on the Nasdaq
Global Market (“Nasdaq”) under the ticker symbol “TMTCU” on March
28, 2023. Once the securities comprising the units begin separate
trading, the ordinary shares and rights will be traded on Nasdaq
under the symbols “TMTC” and “TMTCR,” respectively.
Maxim Group LLC acted as the sole book-running
manager for the offering. Revere Securities LLC acted as a
co-manager for the offering.
A registration statement on Form S-1 (File No.
333-259879) (the “Registration Statement”) relating to the
securities sold in the initial public offering was declared
effective by the U.S. Securities and Exchange Commission (the
“SEC”) on March 27, 2023. A final prospectus relating to this
offering has been filed with the SEC. The offering was made only by
means of a prospectus. Copies of the prospectus relating to this
offering may be obtained from Maxim Group LLC, 300 Park Avenue,
16th Floor, New York, NY 10022, or by accessing the SEC’s
website, www.sec.gov.
This press release shall not constitute an offer
to sell or a solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About TMT
Acquisition Corp
TMT Acquisition Corp is a blank check company,
also commonly referred to as a special purpose acquisition company,
or SPAC, formed for the purpose of effecting a merger, share
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses.
Forward-Looking Statements
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the Company’s initial public offering and search for an initial
business combination. No assurance can be given that the offering
discussed above will be completed on the terms described, or at
all. Forward-looking statements are subject to numerous conditions,
many of which are beyond the control of the Company, including
those set forth in the Risk Factors section of the Registration
Statement and related final prospectus filed with the SEC. Copies
are available on the SEC's website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes in events, conditions or circumstances on which any
statement is based after the date of this release, except as
required by law.
Contact Information:
Maggie ZhangEmail: maggie.zhang@ascendantga.comTel: (347)
627-0058
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