TMT Acquisition Corp Announces Adjournment of Extraordinary General Meeting
March 28 2024 - 3:44PM
TMT Acquisition Corp (Nasdaq: TMTCU, TMTC, and TMTCR) (the
“Company”) announced today that the extraordinary general meeting
originally scheduled for March 19, 2024, and previously adjourned
to March 22, 2024, and further adjourned to March 28, 2024 (the
“Extraordinary General Meeting”) has been permanently adjourned.
The Extraordinary General Meeting had been
previously called for the purposes of considering and voting upon
the Extension Amendment Proposal, a proposal, by special
resolution, to amend the Company’s Second Amended and Restated
Memorandum and Articles of Association in their entirety and the
substitution in their place by the third amended and restated
memorandum and articles of association of the Company, which
provides that the Company may elect to extend the date by which the
Company has to consummate a business combination for a total of up
to seven (7) times, as follow: (i) one (1) time for an additional
three (3) months from March 30, 2024 to June 30, 2024; and
subsequently (ii) six (6) times for an additional one (1) month
each time from June 30, 2024 to December 30, 2024, if requested by
the Sponsor (as defined herein) and upon two calendar days’ advance
notice prior to the applicable deadline (such proposal, the
“Extension Amendment Proposal”).
If the Extension Amendment Proposal had been
approved, the Sponsor or its designees would have contributed to
the Company as a loan, the lesser of (a) $165,000 or (b) $0.10 per
public share that is not redeemed, for the additional three (3)
month extension from March 30, 2024 to June 30, 2024 and the lesser
of (x) $55,000 or (y) $0.03 per public share that is not redeemed,
for each month during the subsequent additional one (1) month
extensions from June 30, 2024 to December 30, 2024, that is needed
to complete an initial business combination.
According to the Company’s Second Amended and
Restated Memorandum and Articles of Association, the Company’s
sponsor or its affiliates or designees will proceed with extensions
by depositing $600,000 into the trust account for each three month
extension (unless such terms are otherwise subsequently amended by
shareholders of the Company).
In connection with the Extraordinary General
Meeting, certain shareholders have tendered their public shares to
Continental Stock Transfer & Trust Company (the “Transfer
Agent”) for redemption. The Company will instruct the Transfer
Agent to return the public shares to the persons who tendered them
for redemption.
About TMT Acquisition Corp
TMT Acquisition Corp is a blank check company,
also commonly referred to as a special purpose acquisition company
(SPAC) formed for the purpose of effecting a merger, share
exchange, asset acquisition, share purchase, reorganization, or
similar business combination with one or more businesses or
entities. TMT Acquisition Corp is led by Dajiang Guo, Chairman and
Chief Executive Officer, and Jichuan Yang, Chief Financial Officer,
who are growth-oriented executives with a long track record of
value creation across industries.
Forward-Looking Statements
This press release includes “forward-looking
statements” within the meaning of the safe harbor provisions of the
United States Private Securities Litigation Reform Act of 1995.
Certain of these forward-looking statements can be identified by
the use of words such as “believes,” “expects,” “intends,” “plans,”
“estimates,” “assumes,” “may,” “should,” “will,” “seeks,” or other
similar expressions. These statements are based on current
expectations on the date of this press release and involve a number
of risks and uncertainties that may cause actual results to differ
significantly. The Company does not assume any obligation to update
or revise any such forward-looking statements, whether as the
result of new developments or otherwise. Readers are cautioned not
to put undue reliance on forward-looking statements.
Contact:
Dajiang GuoEmail:
dguo@tmtacquisitioncorp.comTel.: 347-627-0058
TMT Acquisition (NASDAQ:TMTC)
Historical Stock Chart
From Nov 2024 to Dec 2024
TMT Acquisition (NASDAQ:TMTC)
Historical Stock Chart
From Dec 2023 to Dec 2024