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TMT Acquisition Priced, Nasdaq: TMTC

Blank check company targeting businesses in Asia (pending: eLong Power).

Industry: SPAC

Latest Trade: $2.20 0.00 (0.0%)

First Day Return: +1.9%

Return from IPO: -78.0%

Industry: SPAC

We were formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, which we refer to as a “target business.” Our efforts to identify a prospective target business will not be limited to a particular industry or geographic location but will initially focus in Asia. We believe our management team is well positioned to identify attractive risk-adjusted returns in the marketplace and that our professional contacts and transaction sources, ranging from industry executives, private owners, private equity funds, family offices, commercial and investment bankers, lawyers and other financial sector service providers and participants, in addition to the geographical reach of our affiliates, will enable us to pursue a broad range of opportunities. Our management believes that its collective ability to identify and implement value creation initiatives has been an essential driver of past performance and will remain central to its differentiated acquisition strategy.
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IPO Data
IPO File Date 09/29/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 6.0
Deal Size ($mm) $60
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/27/2023
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 6.0
Deal Size ($mm) $60
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Maxim Group LLC
Revere Securities
Company Data
Headquarters New York, NY, United States
Founded 2021
Employees at IPO 2

TMT Acquisition (TMTC) Performance