Technology & Telecommunication Acquisition Corp SEC 10-Q Report

Technology & Telecommunication Acquisition Corp (TETE), a blank check company focusing on vision sensing technologies, has released its Form 10-Q report for the second quarter of 2025. The report provides a detailed overview of the company's financial performance and key business activities, highlighting significant developments and future outlook.

Financial Highlights

Net Income: The company reported a net income of $30,119 for the six months ended May 31, 2025, a significant decrease from $523,642 for the same period in 2024.

Net Income Per Share: For the six months ended May 31, 2025, the basic and diluted net income per ordinary share was $0.01, compared to $0.08 for the same period in 2024.

Net Income (Three Months): For the three months ended May 31, 2025, the company reported a net loss of $37,842, compared to a net income of $303,423 for the same period in 2024.

Net Income Per Share (Three Months): For the three months ended May 31, 2025, the basic and diluted net loss per ordinary share was $(0.01), compared to $0.05 for the same period in 2024.

Business Highlights

Proposed Business Combination: Technology & Telecommunication Acquisition Corporation (TETE) has entered into a Business Combination Agreement with Bradbury Capital Holdings Inc. The transaction involves a two-step merger process, with TETE reincorporating in the Cayman Islands and merging with TETE TECHNOLOGIES INC, followed by a merger with Holdings, making it a wholly-owned subsidiary.

Business Combination Approval: The Business Combination has been approved by the boards of directors of both TETE and Super Apps, with the transaction expected to close in the second quarter of 2025, pending shareholder approval and other customary closing conditions.

Operational Focus: TETE is a blank check company focusing on companies with operations in vision sensing technologies. The company aims to effectuate its initial Business Combination using various financial instruments, including cash, shares, and debt.

Segment Information: The Chief Executive Officer (CEO) reviews the company's performance as a whole, focusing on key metrics such as formation and operational costs and interest earned on cash and investments held in the Trust Account.

Future Outlook: TETE expects to continue incurring significant costs in pursuit of its initial Business Combination. The company is within 12 months of its mandatory liquidation, raising substantial doubt about its ability to continue as a going concern unless the Business Combination is completed.

SEC Filing: Technology & Telecommunication Acquisition Corp [ TETE ] - 10-Q - Jul. 14, 2025