Technology & Telecommunication LLC - Jan 14, 2022 Form 3 Insider Report for Technology & Telecommunication Acquisition Corp (TETE)

Role
10%+ Owner
Signature
/s/ Tek Che Ng, Title: Manager
Stock symbol
TETE
Transactions as of
Jan 14, 2022
Transactions value $
$0
Form type
3
Date filed
1/14/2022, 08:36 PM
Next filing
Jan 24, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding TETE Class B Ordinary Shares, par value $0.0001 Jan 14, 2022 Class A Ordinary Shares, par value $0.0001 2.88M Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As described in the registration statement on Form S-1 (File No. 333-261822) under the heading "Description of Securities--Founder Shares and Placement Shares," the Class B ordinary shares, par value $0.0001 per share, of Technology & Telecommunication Corporation, a Cayman Island exempted company (the "Issuer"), will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the Issuer at the time of the Issuer's initial business combination, on a one-for-one basis, subject to adjustment for share splits, share dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F2 The Class B ordinary shares owned by the Reporting Person include up to 375,000 shares that are subject to forfeiture to the extent the underwriters of the initial public offering of the Issuer's securities do not exercise in full their over-allotment option as described in the Issuer's registration statement.
F3 Technology & Telecommunication LLC (the "Sponsor") is the record holder of the shares reported herein. Tek Che Ng, the Chief Executive Officer of the Issuer, is the manager of the Sponsor and may be deemed to share beneficial ownership of the securities held of record by the Sponsor. Mr. Ng disclaims any such beneficial ownership except to the extent of his pecuniary interest.