Becker Shareholders Jie Chengying Xiu, Brian Daughney, and Michael Goldstein of the firm’s New York office represented client EF Hutton as the undrwriter counsel in connection with Technology & Telecommunication Acquisition Corporation, in connection with the company’s initial public offering, which closed on January 20, 2022. EF Hutton, division of Benchmark Investments, LLC, served as the sole book running manager for the offering.
Technology & Telecommunication Acquisition Corporation is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, and various kinds of reorganization. The company’s efforts to identify a prospective target business are not limited to a particular industry or geographic region. These entities are commonly called “SPACS”.
The company raised $115 million in its offering, including an over-allotment option exercised in full by the underwriter for $1.15 million. The company’s units commenced trading on the Nasdaq Global Market under the ticker symbol “TETEU” on Tuesday, January 18, 2022. A registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission on January 14, 2022.
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