TMT Acquisition in its third amended S-1 filing said it now plans to offer 6 million units at $10 each, up from the 5 million initially registered with the SEC in September.
A unit still consists of one Class A share, one right, and one-half of one redeemable warrant. Each right entitles the holder to receive one-tenth of a share. Whole warrants are exercisable for a share at the customary $11.50.
The Asia-foused SPAC did not cite any specific sectors it may target, but will not do a deal with companies based in China, Hong Kong or Macau.
TMT is led by Executive Director and Chairman Linan Gong, who since 2017 has served as the executive director at Hong Kong Quasar Securities Co., and Quasar Asset Management, and as the executive director at Hong Kong Dragon Financial Holdings.
Maxim is sole book-running manager. Revere Securities is co-manager of the offering.
The SPAC has applied to list on the Nasdaq under TMTCU. Read more.
