TMT Acquisition Corporation (TMTC) Prices $60M IPO
by Marlena Haddad on 2023-03-28 at 6:21am

TMT Acquisition Corporation priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TMTCU” Tuesday, March 28, 2023.

The SPAC intends to focus its search on businesses that are operating in Asia and have a strong management team. TMT is led by CEO and Chairman Dajiang Guo, and CFO Jichuan Yang.

Total SPAC deal count for 2023 year-to-date is now 10. This offering is expected to close on Thursday, March 30, 2023.


Maxim Group LLC is acting as the sole book-running manager for the offering. Revere Securities LLC is acting as a co-manager for the offering. The Crone Law Group P.C. is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. UHY LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.

Recent Posts
by Nicholas Alan Clayton on 2024-05-16 at 4:05pm

AST SpaceMobile (NASDAQ:ASTS) has been on +68% a tear off of its double-barreled announcement after hours yesterday that it signed a six-year commercial partnership with telecom AT&T (NYSE:T) and had beaten analyst expectations with its first quarter earnings. It has, in fact, been the best performer on the US markets throughout the afternoon outside of...

by Nicholas Alan Clayton on 2024-05-16 at 8:24am

At the SPAC of Dawn Chinese auto conglomerate Geely (HK:0175) has occupied a not insignificant portion of recent SPAC dealflow as it has turned to the vehicles to spin off a series of subsidiaries. But, this week, it veered back to the traditional IPO path. The early returns on its move to bring EV brand...

by Nicholas Alan Clayton on 2024-05-15 at 4:17pm

Global Technology I (NASDAQ:GTAC) has entered into a definitive agreement to combine with art marketplace Tyfon at an enterprise value of $434 million, or 12.7x its $34 million 2023 EBITDA. Suzhou, China-based Tyfon operates as a dealer of Chinese contemporary art, selling pieces online and through traditional exhibition methods. The combined company is expected to...

by Nicholas Alan Clayton on 2024-05-15 at 11:56am

Hudson I (NASDAQ:HUDA) has signed a letter agreement to combine with EV maker Aiways Europe at an equity value of $400 million. Aiways is headquartered in Shanghai and focused on developing a line of EV SUVs for the European and Asian markets. The combined company is expected to trade on the Nasdaq once the deal...

by Nicholas Alan Clayton on 2024-05-15 at 8:00am

At the SPAC of Dawn SPACs are showing a continued resurgence in activity this morning as two new business combinations have been announced since the market close yesterday. The return of meme trader Roaring Kitty appears to have also injected fresh adrenaline into the retail market. Alongside pops with the usual meme stocks, shareholders in...

logo

Copyright © 2023 SPACInsider, Inc. All Rights Reserved