Asia-focused TMT Acquisition closed its initial public offering of 6 million units at $10 each.
A unit consists of one ordinary share and one right. Each right entitles the holder to receive two-tenths of a share upon completion of a merger.
Units trade on the Nasdaq under the ticker symbol TMTCU. Once the securities begin separate trading, shares and rights will kist under the symbols TMTC and TMTCR.
Maxim Group acted as the sole book-running manager for the offering. Revere Securities LLC was a co-manager.
TMT has not cited any specific sectors it may target, but will not do a deal with companies based in China, Hong Kong or Macau. Read more.
