Technology & Telecommunication Acquisition Corporation (TETEF) filed its quarterly report for the period ended August 31, 2025, showing a net loss of $439,778 for the quarter and $409,659 for the nine months. Interest income fell as trust assets dwindled.
The trust account declined to $141,084 from $31,665,013, driven by shareholder redemptions, including 1,993,697 shares for $24,739,496 on January 20, 2025 and 560,061 shares for $7,189,492 on August 20, 2025. 10,921 public shares were outstanding and subject to redemption as of August 31, 2025. Cash was $2,653 with a working capital deficit of $6,142,568.
The company states that these conditions raise substantial doubt about its ability to continue as a going concern. Shareholders approved extensions of the business combination deadline through February 20, 2026. Deferred underwriting commissions of $4,025,000 remain contingent on closing a deal. TETEF continues to pursue its proposed all‑stock business combination with Bradbury Capital Holdings (Super Apps) for $1.1 billion, comprising 110,000,000 shares at $10.00 each, with $235,000,000 at closing and the remainder subject to earn‑out provisions.
Technology & Telecommunication Acquisition Corporation filed a Form 12b-25 to notify a late filing of its Form 10-Q for the period ended August 31, 2025. The company says it needs additional time to complete the final review of its financial statements and other disclosures.
The company states it will file the Quarterly Report “no later than the fifth calendar day following the prescribed due date,” consistent with Rule 12b-25. This notification does not include financial results or guidance.