공시 • Nov 22
eLong Power Holding Limited completed the acquisition of TMT Acquisition Corp (NasdaqGM:TMTC) from a group of shareholders. eLong Power Holding Limited entered into a definitive business combination agreement to acquire TMT Acquisition Corp (NasdaqGM:TMTC) from a group of shareholders for approximately $570 million in a reverse merger transaction on December 1, 2023. As a result, upon closing, eLong Power’s shareholders would receive 45,000,000 ordinary shares of the new eLong Power Inc., which, at an implied value of $10.00 per share, would represent $450 million in equity. In addition, eLong Power’s majority shareholder is entitled to receive up to 9,000,000 ordinary shares of the combined company upon the achievement of certain revenue-based milestones during calendar years 2024 and 2025. Upon the closing of the transaction, the combined company is expected to be named eLong Power Inc. and its securities are expected to be listed on the Nasdaq Stock Exchange. TMTC and eLong Power have agreed to work together to pursue commitments for a private placement of equity financings of up to $15 million.
The transaction, which has been unanimously approved by both Boards of Directors of eLong Power and TMTC, is subject to approval by the shareholders of TMTC and other customary closing conditions. The proposed business combination is expected to be completed in the first half of 2024. As of June 24, 2024, the transaction is expected to close in the second half of 2024. As of October 29, 2024, the deal was approved by TMT's shareholders.
The Crone Law Group P.C. is acting as U.S. legal advisor to TMTC and 2TM Holding. Ogier is acting as Cayman Island legal advisor to TMTC. Graubard Miller is acting as U.S. legal advisor to eLong Power, Harneys is acting as Cayman Island legal advisor to eLong Power and Han Kun Law Offices is acting as China legal advisor to eLong Power. Ever Talent Consultants Limited is acting as exclusive financial advisor to TMTC. Continental Stock Transfer & Trust Company acted as transfer agent to TMT Acquisition Corp in the transaction. Laurel Hill Advisory Group, LLC acted as information agent to TMT Acquisition Corp. Laurel Hill Advisory Group will receive $14,500 for their services.
eLong Power Holding Limited completed the acquisition of TMT Acquisition Corp (NasdaqGM:TMTC) from a group of shareholders on November 21, 2024. The combined entity is expected to begin trading on the Nasdaq Stock Market under the symbol “ELPW” on November 22, 2024. 공시 • Nov 15
TMT Acquisition Corp announced delayed 10-Q filing On 11/14/2024, TMT Acquisition Corp announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공시 • Oct 25
TMT Acquisition Corp announced that it expects to receive $0.14 million in funding TMT Acquisition Corp issues convertible promissory Notes for gross proceeds of $140,000 on October 23, 2024. No interest shall accrue on the unpaid principal balance of this Note. 공시 • Aug 15
TMT Acquisition Corp announced delayed 10-Q filing On 08/14/2024, TMT Acquisition Corp announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공시 • May 18
TMT Acquisition Corp announced delayed 10-Q filing On 05/16/2024, TMT Acquisition Corp announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공시 • Apr 04
TMT Acquisition Corp announced delayed annual 10-K filing On 04/02/2024, TMT Acquisition Corp announced that they will be unable to file their next 10-K by the deadline required by the SEC. 공시 • Mar 23
TMT Acquisition Corp announced that it has received $0.3 million in funding ON March 21, 2024, TMT Acquisition Corp closed the transaction. 공시 • Dec 06
eLong Power Holding Limited entered into a definitive business combination agreement to acquire TMT Acquisition Corp (NasdaqGM:TMTC) from 2TM Holding LP and others for approximately $580 million in a reverse merger transaction. eLong Power Holding Limited entered into a definitive business combination agreement to acquire TMT Acquisition Corp (NasdaqGM:TMTC) from 2TM Holding LP and others for approximately $580 million in a reverse merger transaction on December 1, 2023. As a result, upon closing, eLong Power’s shareholders would receive 45,000,000 ordinary shares of the new eLong Power Inc., which, at an implied value of $10.00 per share, would represent $450 million in equity. In addition, eLong Power’s majority shareholder is entitled to receive up to 9,000,000 ordinary shares of the combined company upon the achievement of certain revenue-based milestones during calendar years 2024 and 2025. Upon the closing of the transaction, the combined company is expected to be named eLong Power Inc. and its securities are expected to be listed on the Nasdaq Stock Exchange. TMTC and eLong Power have agreed to work together to pursue commitments for a private placement of equity financings of up to $15 million.
The transaction, which has been unanimously approved by both Boards of Directors of eLong Power and TMTC, is subject to approval by the shareholders of TMTC and other customary closing conditions. The proposed business combination is expected to be completed in the first half of 2024.
The Crone Law Group P.C. is acting as U.S. legal advisor to TMTC and 2TM Holding. Ogier is acting as Cayman Island legal advisor to TMTC. Graubard Miller is acting as U.S. legal advisor to eLong Power, Harneys is acting as Cayman Island legal advisor to eLong Power and Han Kun Law Offices is acting as China legal advisor to eLong Power. Ever Talent Consultants Limited is acting as exclusive financial advisor to TMTC. Continental Stock Transfer & Trust Company acted as transfer agent to TMT Acquisition Corp in the transaction.