Technology & Telecommunication Acquisition’s (NASDAQ:TETEU – Get Rating) lock-up period is set to end on Monday, July 18th. Technology & Telecommunication Acquisition had issued 10,000,000 shares in its IPO on January 18th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. After the end of Technology & Telecommunication Acquisition’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.
TETEU stock opened at $10.06 on Monday. Technology & Telecommunication Acquisition has a twelve month low of $9.99 and a twelve month high of $11.05. The business’s fifty day moving average price is $10.12.
Several hedge funds have recently added to or reduced their stakes in the company. Clear Street LLC bought a new stake in shares of Technology & Telecommunication Acquisition during the first quarter worth $37,000. Walleye Trading LLC bought a new stake in shares of Technology & Telecommunication Acquisition during the first quarter worth $615,000. Sage Mountain Advisors LLC bought a new stake in shares of Technology & Telecommunication Acquisition during the first quarter worth $788,000. SkyView Investment Advisors LLC bought a new stake in shares of Technology & Telecommunication Acquisition during the first quarter worth $1,006,000. Finally, Wealthspring Capital LLC bought a new stake in shares of Technology & Telecommunication Acquisition during the first quarter worth $1,096,000.
About Technology & Telecommunication Acquisition (Get Rating)
Technology & Telecommunication Acquisition Corporation focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to acquire companies in the technology and telecommunications sector in Malaysia.
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