Financial Performance - The net income for the three months ended May 31, 2023, was $381,761, compared to a net income of $89,574 for the same period in 2022, showing a significant increase[8]. - Basic and diluted net income per ordinary share for the three months ended May 31, 2023, was $0.03, compared to $0.00 for the same period in 2022[8]. - As of May 31, 2023, the company reported a net income of $682,249 compared to a net loss of $159,276 in the same period of 2022[10]. - For the three months ended May 31, 2023, net income allocable to redeemable Class A ordinary shares was $111,445, compared to $46,553 for the same period in 2022, resulting in a basic and diluted net income per share of $0.03[54]. - For the three months ended May 31, 2023, net income allocable to Class B ordinary shares was $87,576, compared to a loss of $10,279 for the same period in 2022, with a basic and diluted net income per share of $0.03[54]. - For the six months ended May 31, 2023, the company achieved a net income of $682,249, a significant recovery from a net loss of $159,276 in the same period of 2022[95]. - For the three months ended May 31, 2023, the company reported a net income of $199,021, compared to a net income of $36,274 for the same period in 2022, reflecting an increase of 450%[95]. Assets and Liabilities - As of May 31, 2023, total current assets decreased to $67,023 from $491,293 as of November 30, 2022, representing a decline of approximately 86.4%[5]. - Cash and marketable securities held in trust account decreased to $33,685,225 as of May 31, 2023, down from $118,051,997 as of November 30, 2022, a reduction of about 71.5%[5]. - Total liabilities increased to $5,010,441 as of May 31, 2023, compared to $4,129,848 as of November 30, 2022, reflecting an increase of approximately 21.3%[6]. - The total assets decreased to $33,752,248 as of May 31, 2023, from $118,543,290 as of November 30, 2022, a decline of approximately 71.5%[5]. - Total shareholders' deficit increased to $(4,943,418) as of May 31, 2023, from $(3,638,555) as of November 30, 2022, reflecting a rise of approximately 36%[6]. - The accumulated deficit grew to $(4,943,759) as of May 31, 2023, from $(3,638,896) as of November 30, 2022, indicating an increase in losses of about 36%[6]. Cash Flow and Operating Activities - The net cash used in operating activities was $424,270, an increase from $213,058 in the prior year[10]. - The total cash at the end of the period was $67,023, down from $679,200 at the beginning of the period[10]. - The company expects to incur significant costs in pursuit of its acquisition plans and anticipates negative cash flows until the completion of its initial business combination[34]. - Cash used in operating activities for the six months ended May 31, 2023, was $424,270[97]. Business Combination and Financing - The company has not commenced any operations and will not generate operating revenues until after completing its initial business combination[13]. - The company must complete a business combination with a fair market value equal to at least 80% of the net assets held in the trust account[19]. - If a business combination is not completed within 12 months, the company will redeem public shares at a price equal to the amount in the trust account[25]. - The holders of founder shares have agreed to waive their liquidation rights if the company fails to complete a business combination within the combination period[26]. - The company may need to obtain additional financing to complete its initial business combination or to meet obligations if a significant number of Public Shares are redeemed[101]. - The company has no current commitment from any financing source to provide additional capital, raising substantial doubt about its ability to continue as a going concern[36]. - The Sponsor has promised to loan up to $656,747 and $864,000 to the Company, with an available balance of $1,520,474 as of May 31, 2023[70]. - The company may raise additional capital through loans or investments from the Sponsor or other parties, but there are no guarantees of success[35]. Initial Public Offering - The initial public offering generated gross proceeds of $100,000,000, with transaction costs amounting to $8,482,742[14][15]. - The Company completed its Initial Public Offering by selling 11,500,000 Units at a price of $10.00 per Unit, generating gross proceeds of $115,000,000[59]. - The Company incurred offering costs of $4,532,887 related to the Initial Public Offering, which were charged to additional paid-in capital[55]. - The underwriters exercised their over-allotment option, purchasing an additional 1,500,000 Units for gross proceeds of $15,000,000[74]. Shareholder Information - The company had 532,500 Class A ordinary shares issued and outstanding as of May 31, 2023, unchanged from November 30, 2022[6]. - As of May 31, 2023, 3,126,068 Class A Ordinary Shares are outstanding and subject to possible redemption at a value of $10.15 per share[49][48]. - A total of 8,373,932 ordinary shares were redeemed by shareholders following the Charter Amendment approved on January 20, 2023[29]. - The Company has authorized the issuance of 479,000,000 Class A ordinary shares and 20,000,000 Class B ordinary shares, with 2,875,000 Class B shares issued and outstanding as of May 31, 2023[76]. Operational Costs and Expenses - The company conducted an evaluation of its disclosure controls and procedures, concluding they were effective during the reporting period[106]. - There were no changes in internal control over financial reporting that materially affected the company's financial reporting during the fiscal quarter ended May 31, 2023[107]. - The company incurred formation and operating costs of $182,740 for the three months ended May 31, 2023, compared to $53,300 for the same period in 2022[95]. - The Company has agreed to pay the Sponsor $10,000 per month for administrative support for up to 18 months, totaling $160,000 accrued as of May 31, 2023[69]. Future Plans and Concerns - The company has the right to extend the period to complete a business combination by up to six times for an additional month each time, with a deposit of $262,500 or $0.0525 per Class A ordinary share[87]. - The company intends to use funds held outside the Trust Accounts primarily for identifying and evaluating target businesses, with cash of $67,023 available as of May 31, 2023[99]. - The company is within 12 months of its mandatory liquidation, raising substantial doubt about its ability to continue as a going concern[102]. - The Sponsor has agreed to indemnify the Trust Account to ensure that the amount per Public Share does not fall below $10.15[27]. - The Company adopted ASU 2020-06 effective January 1, 2024, which simplifies accounting for certain financial instruments and introduces additional disclosures for convertible debt[58].

Financial Performance - Net income for the three months ended February 28, 2023, was $483,228, compared to a net loss of $195,550 for the same period in 2022, indicating a turnaround in profitability[7] - Basic and diluted net income per ordinary share was $0.04 for the three months ended February 28, 2023, compared to a loss of $0.02 in the prior year[7] - For the three months ended February 28, 2023, the net income was $483,228, compared to a net loss of $195,550 for the same period in 2022[9] - For the three months ended February 28, 2023, net income allocable to redeemable Class A ordinary shares was $360,052, compared to a net loss of $125,854 for the same period in 2022[55] - The weighted average number of Class A ordinary shares increased to 8,217,709 from 5,214,083 year-over-year, resulting in a basic and diluted net income per redeemable Class A ordinary share of $0.04, up from a loss of $0.02[55] Assets and Liabilities - Total assets decreased from $118,543,290 on November 30, 2022, to $33,030,870 on February 28, 2023, representing a decline of approximately 72%[5] - Current liabilities increased from $104,848 to $463,085, marking a rise of about 341%[5] - Cash and marketable securities held in trust account decreased from $118,051,997 to $32,811,107, a reduction of approximately 72%[5] - Total liabilities increased from $4,129,848 to $4,488,085, an increase of approximately 9%[5] - As of February 28, 2023, the Company had approximately $207,763 in cash and a working capital deficit of approximately $(243,322)[31] Cash Flow and Operating Activities - Cash used in operating activities was $283,530 for the three months ended February 28, 2023, an increase from $162,238 in the same period of 2022[9] - The total cash at the end of the period was $207,763, down from $730,020 at the end of the same period in 2022[9] - The Company had cash used in operating activities of $283,530 for the three months ended February 28, 2023[101] Initial Public Offering (IPO) - The company generated gross proceeds of $100,000,000 from its Initial Public Offering on January 20, 2022[12] - The total costs associated with the Initial Public Offering were $8,482,742, including $1,800,000 in underwriting fees[13] - The company sold 11,500,000 Units at a price of $10.00 per Unit during the Initial Public Offering, generating gross proceeds of $115,000,000[60] - The private placement generated gross proceeds of $5,325,000 from the sale of 532,500 Private Placement Units at $10.00 each[61] Business Combination and Trust Account - The company must complete a Business Combination with a fair market value equal to at least 80% of the net assets held in the Trust Account[18] - The Trust Account held $116,725,000 from the net proceeds of the Initial Public Offering and Private Placement[16] - The Trust Account held assets amounting to $32,811,107 as of February 28, 2023, down from $118,051,997 as of November 30, 2022[45] - The company will redeem Public Shares at a price equal to the aggregate amount in the Trust Account if a Business Combination is not completed within the specified Combination Period[25] Financial Position and Concerns - The Company does not currently have adequate liquidity to sustain operations, raising substantial doubt about its ability to continue as a going concern for the next year[37] - The Company is within 12 months of its mandatory liquidation, raising substantial doubt about its ability to continue as a going concern[106] - The Company has incurred significant costs in pursuit of its acquisition plans and expects to have negative cash flows from operations until the completion of its initial business combination[35] Shareholder and Share Information - As of February 28, 2023, 3,126,068 Class A Ordinary Shares are outstanding and subject to possible redemption at a value of $10.15 per share[50] - The Company has authorized the issuance of 479,000,000 Class A ordinary shares, with 532,500 shares issued and outstanding as of February 28, 2023[76] - The company has a total of 2,875,000 Class B ordinary shares issued and outstanding, ensuring Initial Shareholders maintain at least 20% ownership post-IPO[79] Costs and Expenses - Formation and operating costs for the three months ended February 28, 2023, were $(301,530), up from $(196,096) in the same period last year, indicating higher operational expenses[7] - The Company incurred formation and operating costs of $301,530 for the three months ended February 28, 2023[99] Financing and Loans - The Sponsor has promised to loan up to $656,474 to the Company, with $328,237 already paid as of February 21, 2023[29] - The Company may need to obtain additional financing to complete its initial business combination or to redeem a significant number of Public Shares[105] Internal Controls and Risk Factors - As of February 28, 2023, the company's disclosure controls and procedures were evaluated as effective by the principal executive and financial officers[112] - There were no changes in internal control over financial reporting that materially affected the company's financial reporting during the fiscal quarter ended February 28, 2023[113] - No material changes to the risk factors disclosed in the Annual Report on Form 10-K filed on March 1, 2023, were noted[115]

Financial Performance - For the year ended November 30, 2022, the company reported a net income of $826,045, consisting of formation and operating costs of $500,952 and interest earned on investments of $1,326,997[43]. - Cash used in operating activities for the year ended November 30, 2022, was $664,685[45]. - The company incurred $100,000 in administrative service fees for the year ended November 30, 2022[55]. Investments and Financing - As of November 30, 2022, the company had investments of $118,051,997 held in Trust Accounts, which are intended to be used for the initial business combination[46]. - The company may need to obtain additional financing to complete its initial business combination or to meet obligations if a significant number of Public Shares are redeemed[49]. - The company does not currently believe it will need to raise additional funds for operating expenditures prior to the initial business combination[49]. Initial Public Offering - The company completed its Initial Public Offering on January 20, 2022, raising gross proceeds of $115,000,000 from the sale of 11,500,000 Units at $10.00 per Unit[44]. - An underwriting discount of approximately $2,300,000 was paid at the closing of the Initial Public Offering, with a deferred underwriting discount of $4,025,000 payable upon completion of the initial business combination[57]. Liquidity and Going Concern - As of November 30, 2022, the company had cash of $491,293 outside of the Trust Accounts, which will be used for identifying and evaluating target businesses[47]. - The company is within 12 months of mandatory liquidation, raising substantial doubt about its ability to continue as a going concern[50].

Financial Position - Total assets as of August 31, 2022, amounted to $117,860,019, an increase from $105,995 as of November 30, 2021[9] - Cash and marketable securities held in the trust account totaled $117,203,319 as of August 31, 2022[9] - The company had an accumulated deficit of $3,439,840 as of August 31, 2022[11] - The company had $656,700 in cash as of August 31, 2022, with no cash equivalents reported[41] - As of August 31, 2022, the company had investments of $117,203,319 held in the Trust Accounts, intended for the initial Business Combination[96] - The company had cash of $656,700 outside of the Trust Accounts as of August 31, 2022, to fund operations and evaluate target businesses[97] Income and Expenses - The company reported a net income of $335,699 for the three months ended August 31, 2022, compared to a net income of $176,423 for the nine months ended August 31, 2022[10] - The company incurred formation and operating costs of $52,500 for the three months ended August 31, 2022, leading to a loss from operations of $52,500[10] - For the three-month period ended August 31, 2022, the company reported a net income of $335,699, consisting of formation and operating costs of $52,500 and interest earned on investments of $388,199[92] - The net income allocable to redeemable Class A ordinary shares for the three months ended August 31, 2022, was $270,957, resulting in a basic and diluted net income per share of $0.02[52] - The net income allocable to Class B ordinary shares for the three months ended August 31, 2022, was $64,742, also resulting in a basic and diluted net income per share of $0.02[52] Initial Public Offering (IPO) - The company completed its Initial Public Offering on January 20, 2022, raising gross proceeds of $100,000,000[15] - The Company generated gross proceeds of $115,000,000 from the Initial Public Offering of 11,500,000 Units at a price of $10.00 per Unit[94] - Offering costs associated with the Initial Public Offering amounted to $4,532,887, which were charged to additional paid-in capital upon completion[53] - The underwriters received a cash underwriting discount of $2,000,000, which could increase to $2,300,000 if the over-allotment option was fully exercised[70] Business Combination - The company must complete a Business Combination with a fair market value of at least 80% of the net assets held in the Trust Account[21] - Public Shareholders can redeem their shares for a pro rata portion of the Trust Account, initially anticipated to be $10.15 per share[22] - The company will not redeem Public Shares if it would cause net tangible assets to fall below $5,000,001[23] - If a Business Combination is not completed within 12 to 18 months, the company will redeem Public Shares at the amount in the Trust Account[28] - The company expects to incur significant costs in pursuit of acquisition plans and will not generate operating revenues until after a Business Combination[32] - The company may need to obtain additional financing to complete the initial Business Combination or to meet obligations if cash on hand is insufficient[99] Shareholder Information - The weighted average number of Class A ordinary shares outstanding was 12,032,500 for the three months ended August 31, 2022[10] - As of August 31, 2022, the Company had 11,500,000 Class A Ordinary Shares outstanding subject to possible redemption, with a redemption value of $10.15 per share[47][46] - The company is authorized to issue 479,000,000 Class A ordinary shares, with 532,500 shares issued and outstanding as of August 31, 2022[74] Administrative and Operational Matters - The company has not commenced any operations as of August 31, 2022, and will not generate operating revenues until after completing its initial business combination[14] - The company has accrued $70,000 under the Administrative Support Agreement with the Sponsor for office space and administrative support as of August 31, 2022[66] - The Company has agreed to pay the Sponsor $10,000 per month for administrative support for up to 18 months, ceasing upon completion of the Initial Business Combination[66] - The company has no long-term debt, capital lease obligations, or long-term liabilities, except for a monthly fee of up to $10,000 to the Sponsor for office space and support services, starting from January 20, 2022[100] Regulatory and Compliance - There were no unrecognized tax benefits as of August 31, 2022, and no amounts accrued for interest and penalties[44] - The Company is subject to income tax examinations by major taxing authorities since inception, with no significant issues currently under review[44] - There have been no changes in internal control over financial reporting that materially affected the company during the fiscal quarter ended August 31, 2022[107] - The company has not identified any critical accounting policies that could materially differ from estimates[102] - There have been no material changes to the risk factors disclosed in the prospectus filed on February 10, 2022[111] - The company conducted an evaluation of its disclosure controls and procedures, concluding they were effective during the reporting period[106] - There are no legal proceedings currently affecting the company[110] - The company has not engaged in any unregistered sales of equity securities[112] - The company has no defaults upon senior securities[113] Trust Account and Fees - A total of $116,725,000 was placed in a Trust Account from the net proceeds of the Initial Public Offering, with an initial value of $10.15 per Unit[19] - Deferred underwriting fees payable amounted to $4,025,000, contingent upon the consummation of a business combination[16] - The underwriters are entitled to a deferred fee of $4,025,000, payable only if the company completes a Business Combination[101] - As of August 31, 2022, there are no off-balance sheet arrangements[103]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-41229 TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORPORATION (Exact name of registrant as specified in its charter) Cayma ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 28, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-41229 TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORPORATION (Exact name of registrant as specified in its charter) ...