01/24/2025 | Press release | Distributed by Public on 01/24/2025 07:16
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On January 16, 2025, Technology & Telecommunication Acquisition Corporation (the "Company") received a letter from the Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq") stating that, pursuant to Nasdaq Listing Rule IM-5101-2 ("Rule IM-5101-2"), the staff of Nasdaq ("Staff") had determined that (i) the Company's securities will be delisted from Nasdaq, (ii) trading of the Company's ordinary shares, warrants, and units will be suspended at the opening of business on January 23, 2025 and (iii) a Form 25-NSE will be filed with the U.S. Securities and Exchange Commission (the "SEC"), which will remove the Company's securities from listing and registration on Nasdaq. Under Rule IM-5101-2 , a special purpose acquisition company must complete one or more business combinations within 36 months of the effectiveness of its initial public offering registration statement. Since the Company failed to complete its initial business combination by January 14, 2025, the Staff concluded that the Company did not comply with Rule IM-5101-2 and that the Company's securities are now subject to delisting.