Technology & Telecommunication Acquisition net loss widens to $437,012 in Q2 FY26
TETE•Q2 and six-month results widen loss
- Technology & Telecommunication Acquisition Corp. posted a net loss of $437,012 for the three months ended May 31, 2026, widening from $37,842.
- Formation and operating costs climbed to $438,280 from $113,900, while interest income on cash and investments slipped to $1,268 from $76,058.
- For the six months ended May 31, 2026, net loss totaled $585,329, swinging from net income of $30,119 a year earlier.
Balance sheet and transaction update
- Trust Account cash and investments stood at $143,627, with $429 held outside the Trust Account.
- TETE reiterated its planned business combination with Bradbury Capital Holdings, valuing the deal at $1.1 billion and targeting a second-quarter 2026 close.
