K2 Principal Fund L.P. Invests $1.52 Million in Technology & Telecommunication Acquisition Co. (NASDAQ:TETE)

K2 Principal Fund L.P. bought a new stake in Technology & Telecommunication Acquisition Co. (NASDAQ:TETE) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 125,000 shares of the company’s stock, valued at approximately $1,522,000. K2 Principal Fund L.P. owned approximately 2.09% of Technology & Telecommunication Acquisition at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TETE. Warberg Asset Management LLC acquired a new position in Technology & Telecommunication Acquisition in the second quarter valued at $208,000. Logan Stone Capital LLC purchased a new stake in shares of Technology & Telecommunication Acquisition in the 2nd quarter valued at about $1,147,000. Shaolin Capital Management LLC boosted its position in shares of Technology & Telecommunication Acquisition by 33.3% in the 2nd quarter. Shaolin Capital Management LLC now owns 200,000 shares of the company’s stock valued at $2,390,000 after purchasing an additional 50,000 shares during the period. Mizuho Securities USA LLC grew its stake in Technology & Telecommunication Acquisition by 64.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 255,659 shares of the company’s stock worth $3,081,000 after buying an additional 99,936 shares during the last quarter. Finally, Berkley W R Corp purchased a new position in Technology & Telecommunication Acquisition during the 3rd quarter worth approximately $3,395,000. 45.39% of the stock is owned by hedge funds and other institutional investors.

Technology & Telecommunication Acquisition Trading Up 0.1 %

Shares of NASDAQ TETE opened at $12.25 on Friday. Technology & Telecommunication Acquisition Co. has a twelve month low of $11.32 and a twelve month high of $12.28. The stock has a 50 day moving average of $12.18 and a two-hundred day moving average of $12.08.

Technology & Telecommunication Acquisition Profile

Technology & Telecommunication Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. Technology & Telecommunication Acquisition Corporation was incorporated in 2021 and is headquartered in Kuala Lumpur, Malaysia.