Crone Law Group acted as issuer’s counsel to TMT Acquisitions Corp. (Nasdaq:TMTCU) a newly incorporated blank check company incorporated as a Cayman Islands, exempted company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.
The company announced the closing of its initial public offering of 6,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one ordinary share and one right. Each right entitles the holder thereof to receive two-tenths (2/10) of one ordinary share upon consummation of the company’s initial business combination.
The units are expected to trade on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “TMTCU” beginning on March 28th, 2023. Once the securities comprising the units begin separate trading, the ordinary share and rights will be traded on Nasdaq under the symbols “TMTC” and “TMTCR” respectively.
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.