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<p id="xdx_801_eus-gaap--OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_z974DxORXfK3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">Note 1 — Description of Organization and Business Operations Technology & Telecommunication Acquisition Corporation (the “Company”) was incorporated in Cayman Islands on November 8, 2021. The Company was formed for the purpose of effecting a merger, capital share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). The Company is not limited to a particular industry or sector for purposes of consummating a Business Combination. The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies. As of August 31, 2024, the Company had not commenced any operations. All activity for the period from November 8, 2021 (inception) through August 31, 2024 relates to the Company’s formation and initial public offering (“Initial Public Offering”), which is described below and identifying a target company for a Business Combination. The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating income in the form of interest income from the proceeds derived from the Initial Public Offering. The Company has selected November 30 as its fiscal year end. The registration statement for the Company’s Initial Public Offering was declared effective on January 14, 2022. On January 20, 2022, the Company consummated the Initial Public Offering of <span id="xdx_905_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_c20220119__20220120__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zgVLdQDiecL6" title="Sale of stock, number of shares issued in transaction">10,000,000 units (“Units” and, with respect to the ordinary shares included in the Units being offered, the “Public Shares”), generating gross proceeds of $100,000,000 which is described in Note 3. The Initial Public Offering transaction costs amounted to $8,482,742 consisting of $1,800,000 of underwriting fees paid in cash, $4,025,000 of deferred underwriting fees payable (which are held in a trust account with Continental Stock Transfer & Trust Company acting as trustee (the “Trust Account”)), $1,725,000 funded to the trust account and $932,742 of costs related to the Initial Public Offering. Cash of $1,562,293 was held outside of the Trust Account on January 20, 2022 and was available for working capital purposes. As described in Note 6, the $4,025,000 deferred underwriting fees are contingent upon the consummation of the Business Combination. Simultaneously with the closing of the Initial Public Offering, the Company consummated the private sale (the “Private Placement”) of an aggregate of <span id="xdx_90B_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_c20220119__20220120__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__dei--LegalEntityAxis__custom--TechnologyAndTelecommunicationLLCMember_zKS2v5YHJI4b" title="Sale of stock">480,000 units (the “Private Placement Units”) to Technology & Telecommunication LLC (the “Sponsor”) at a purchase price of $<span id="xdx_905_eus-gaap--SaleOfStockPricePerShare_iI_c20220120__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__dei--LegalEntityAxis__custom--TechnologyAndTelecommunicationLLCMember_zLaqJzfcLdT5" title="Sale of stock, price per share">10.00 per Private Placement Unit, generating gross proceeds to the Company in the amount of $<span id="xdx_90D_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_c20220119__20220120__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember__dei--LegalEntityAxis__custom--TechnologyAndTelecommunicationLLCMember_zuA2unWW6LMk" title="Proceeds from issuance of private placement">4,800,000. On January 20, 2022, the underwriters purchased an additional <span id="xdx_907_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_c20220119__20220120__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember__srt--TitleOfIndividualAxis__custom--UnderwritersMember_z9wgzzdSZrK4" title="Sale of stock">1,500,000 Option Units pursuant to the exercise of the over-allotment option. The Option Units were sold at an offering price of $<span id="xdx_902_eus-gaap--SaleOfStockPricePerShare_iI_c20220120__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember__srt--TitleOfIndividualAxis__custom--UnderwritersMember_za1UdSvQFxU7" title="Sale of stock, price per share">10.00 per Unit, generating additional gross proceeds to the Company of $<span id="xdx_90C_eus-gaap--ProceedsFromStockOptionsExercised_c20220119__20220120__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember__srt--TitleOfIndividualAxis__custom--UnderwritersMember_zJfJOkKyYxSh" title="Proceeds from stock options exercised">15,000,000. Also, in connection with the full exercise of the over-allotment option, the Sponsor purchased an additional <span id="xdx_90D_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_c20220119__20220120__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember__dei--LegalEntityAxis__custom--TechnologyTelecommunicationLLCMember_zg58R5FzCvm3" title="Sale of stock">52,500 Option Private Placement Units at a purchase price of $<span id="xdx_900_eus-gaap--SaleOfStockPricePerShare_iI_c20220120__dei--LegalEntityAxis__custom--TechnologyTelecommunicationLLCMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember_zqclFanKR8a2" title="Sale of stock, price per share">10.00 per unit. Following the closing of the Initial Public Offering on January 20, 2022, an amount of $<span id="xdx_903_eus-gaap--SaleOfStockConsiderationReceivedOnTransaction_c20220119__20220120__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zY3jWtm62Wng" title="Net proceeds of proposed public offering">116,725,000 ($10.15 per Unit) from the net proceeds of the sale of the Units in the Initial Public Offering and the Private Placement was placed in a trust account (“Trust Account”) which may be invested in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment Company Act”), with a maturity of 185 days or less or in any open-ended investment company that holds itself out as a money market fund selected by the Company meeting the conditions of Rule 2a-7 of the Investment Company Act, as determined by the Company, until the earlier of: (i) the consummation of a Business Combination or (ii) the distribution of the Trust Account, as described below. The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of Private Placement Warrants, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. There is no assurance that the Company will be able to complete a Business Combination successfully. The Company must complete one or more initial Business Combinations with one or more operating businesses or assets with a fair market value equal to at least 80% of the value of the net assets held in the Trust Account (as defined below) (excluding the deferred underwriting commissions and taxes payable on the interest earned on the Trust Account). The Company will only complete a Business Combination if the post transaction company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target business sufficient for it not to be required to register as an investment company under the Investment Company Act. Upon the closing of the Initial Public Offering, management has agreed that an amount equal to at least $10.15 per Unit sold in the Initial Public Offering, including proceeds of the Private Placement Warrants, will be held in the Trust Account and invested only in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less or in any open-ended investment company that holds itself out as a money market fund selected by the Company meeting certain conditions of Rule 2a-7 of the Investment Company Act, as determined by the Company, until the earlier of: (i) the completion of a Business Combination and (ii) the distribution of the funds held in the Trust Account, as described below. The Company will provide the holders of the outstanding Public Shares (the “Public Shareholders”) with the opportunity to redeem all or a portion of their Public Shares either (i) in connection with a shareholders meeting called to approve the Business Combination or (ii) by means of a tender offer in connection with the Business Combination. The decision as to whether the Company will seek shareholder approval of a Business Combination or conduct a tender offer will be made by the Company. The Public Shareholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then in the Trust Account (initially anticipated to be $10.15 per Public Share, plus any pro rata interest then in the Trust Account, net of taxes payable). There will be no redemption rights upon the completion of a Business Combination with respect to the Company’s warrants. The Public Shares subject to redemption will be recorded at a redemption value and classified as temporary equity upon the completion of the Initial Public Offering in accordance with the Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity”. TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORPORATION NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS August 31, 2024 Note 1 — Description of Organization and Business Operations (Continued) The Company will not redeem Public Shares in an amount that would cause its net tangible assets to be less than $<span id="xdx_908_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_iI_c20240831__srt--RangeAxis__srt--MaximumMember_zRmLj3P8yiQ" title="Business combination, net tangible assets">5,000,001 (so that it does not then become subject to the SEC’s “penny stock” rules) or any greater net tangible asset or cash requirement which may be contained in the agreement relating to the Business Combination. If the Company seeks shareholder approval of the Business Combination, the Company will proceed with a Business Combination if a majority of the outstanding shares voted are voted in favor of the Business Combination, or such other vote as required by law or stock exchange rule. If a shareholder vote is not required by applicable law or stock exchange listing requirements and the Company does not decide to hold a shareholder vote for business or other reasons, the Company will, pursuant to its second amended and restated certificate of incorporation (the “Certificate of Incorporation”), conduct the redemptions pursuant to the tender offer rules of the U.S. Securities and Exchange Commission (“SEC”) and file tender offer documents with the SEC prior to completing a Business Combination. If, however, shareholder approval of the transaction is required by applicable law or stock exchange listing requirements, or the Company decides to obtain shareholder approval for business or other reasons, the Company will offer to redeem shares in conjunction with a proxy solicitation pursuant to the proxy rules and not pursuant to the tender offer rules. If the Company seeks shareholder approval in connection with a Business Combination, the Sponsor has agreed to vote its Founder Shares (as defined in Note 5) and any Public Shares purchased during or after the Public Offering in favor of approving a Business Combination. Additionally, each Public Shareholder may elect to redeem their Public Shares without voting, and if they do vote, irrespective of whether they vote for or against the proposed transaction. Notwithstanding the foregoing, if the Company seeks shareholder approval of a Business Combination and it does not conduct redemptions pursuant to the tender offer rules, the Certificate of Incorporation will provide that a Public Shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming its shares with respect to more than an aggregate of 20% of the Public Shares, without the prior consent of the Company. The holders of the Founder Shares have agreed (a) to waive their redemption rights with respect to the Founder Shares and Public Shares held by them in connection with the completion of a Business Combination and (b) not to propose an amendment to the Certificate of Incorporation (i) to modify the substance or timing of the Company’s obligation to allow redemptions in connection with a Business Combination or to redeem 100% of its Public Shares if the Company does not complete a Business Combination within the Combination Period (as defined below) or (ii) with respect to any other provision relating to shareholders’ rights or pre-business combination activity, unless the Company provides the Public Shareholders with the opportunity to redeem their Public Shares in conjunction with any such amendment. If the Company has not completed a Business Combination within 12 months (or 15 months, or 18 months, as applicable from the closing of the Initial Public Offering (the “Combination Period”), the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to pay taxes (less up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding Public Shares, which redemption will completely extinguish Public Shareholders’ rights as shareholders (including the right to receive further liquidating distributions, if any), and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining shareholders and the Company’s board of directors, dissolve and liquidate, subject in each case to the Company’s obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law. There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless if the Company fails to complete a Business Combination within the Combination Period. The holders of the Founders Shares have agreed to waive their liquidation rights with respect to the Founder Shares if the Company fails to complete a Business Combination within the Combination Period. However, if the holders of Founder Shares acquire Public Shares in or after the Initial Public Offering, such Public Shares will be entitled to liquidating distributions from the Trust Account if the Company fails to complete a Business Combination within the Combination Period. The underwriters have agreed to waive their rights to their deferred underwriting commission (see Note 6) held in the Trust Account in the event the Company does not complete a Business Combination within the Combination Period and, in such event, such amounts will be included with the other funds held in the Trust Account that will be available to fund the redemption of the Public Shares. In the event of such distribution, it is possible that the per share value of the assets remaining available for distribution will be less than the Initial Public Offering price per Unit ($10.00). TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORPORATION NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS August 31, 2024 Note 1 — Description of Organization and Business Operations (Continued) In order to protect the amounts held in the Trust Account, the Sponsor has agreed to be liable to the Company if and to the extent any claims by a third party for services rendered or products sold to the Company, or a prospective target business with which the Company has discussed entering into a transaction agreement, reduce the amount of funds in the Trust Account to below (i) $10.15 per Public Share or (ii) such lesser amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account, if less than $10.15 per Public Share due to reductions in the value of the trust assets, in each case net of the amount of interest which may be withdrawn to pay taxes, except as to any claims by a third party who executed a waiver of any and all rights to seek access to the Trust Account and except as to any claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). Moreover, in the event that an executed waiver is deemed to be unenforceable against a third party, the Sponsor will not be responsible to the extent of any liability for such third-party claims. The Company will seek to reduce the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all vendors, service providers (except for the Company’s independent registered accounting firm), prospective target businesses and other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account. On February 21, 2023, the Sponsor promised to loan an amount of up to $656,474 to the Company and the full amount has been borrowed. On June 13, 2023, the Sponsor promised to loan an amount of up to $864,000 to the Company and $864,000 has been borrowed. On August 10, 2023, the Sponsor promised to loan an amount of up to $500,000 to the Company and $500,000 has been borrowed. On June 14, 2024, the Sponsor issued an additional unsecured promissory note to the Company (the “Second Promissory Note”), pursuant to which the Company may borrow up to an aggregate principal amount of up to $500,000. The Second Promissory Note is non-interest bearing and payable after the date of the consummation of the Business Combination (See Note 5). Subsequent to the approval by the shareholders of the Company of the Amendment to the Company’s Amended and Restated Memorandum and Articles of Association (the “Charter Amendment”), on January 20, 2023, the Company filed the Charter Amendment with the Registrar of Companies in the Cayman Islands. In connection with the Charter Amendment, the Company’s shareholders elected to redeem an aggregate of 8,373,932 ordinary shares. Pursuant to the Charter Amendment, the Company has the right to extend the period which it has to complete a business combination by up to six (6) times for an additional one (1) month each time from January 20, 2023 to July 20, 2023 by depositing into its trust account, for each one-month extension, the lesser of (a) $262,500 and (b) $0.0525 for each Class A ordinary share outstanding after giving effect to the redemption of public shares in connection with the Charter Amendment in accordance with the terms of the Company’s amended and restated memorandum and articles of association. Subsequent to the approval by the shareholders of the Company of the Amendment to the Company’s Amended and Restated Memorandum and Articles of Association (the “Charter Amendment”), on July 18, 2023, Company filed the Charter Amendment with the Registrar of Companies in the Cayman Islands. In connection with the Charter Amendment, the Company’s shareholders elected to redeem an aggregate of 149,359 ordinary shares. Pursuant to the Charter Amendment, the Company has the right to extend the period which it has to complete a business combination by up to twelve (12) times for an additional one (1) month each time from July 20, 2023 to July 20, 2024 by depositing into its trust account, for each one-month extension, the lesser of (a) $144,000 and (b) $0.045 for each Class A ordinary share outstanding after giving effect to the redemption of public shares in connection with the Charter Amendment in accordance with the terms of the Company’s amended and restated memorandum and articles of association. On June 7, 2024, the Company held its general shareholder meeting (the “General Meeting”) and passed its vote to amend the Company’s Amended and Restated Articles of Association (the “Articles of Association”) to give the Company the right to extend the date it has to consummate a business combination up to seven (7) times for an additional one (1) month each time, from June 20, 2024 to January 20, 2025. The cost of this extension would be the lesser of (a) $60,000 and (b) $0.02 for each ordinary share issued and outstanding after giving effect to the redemptions, each month extended. On June 7, 2024, the Company’s shareholders elected to redeem an aggregate of 408,469 shares in connection with the General Meeting. Liquidity and Capital Resources As of August 31, 2024, the Company had approximately $41,000 of cash in its operating account and working capital deficit of $4,649,132. Prior to the completion of the Initial Public Offering, the Company’s liquidity needs had been satisfied through the capital contribution of $<span id="xdx_90B_eus-gaap--StockIssuedDuringPeriodValueNewIssues_c20231201__20240831__dei--LegalEntityAxis__custom--TechnologyTelecommunicationLLCMember_ziXdXjdGQnpa" title="Initial public offering, capital contribution">25,000 from the Sponsor to purchase the Founder Shares, and a loan of up to $300,000 pursuant to the Note issued to the Sponsor, which was repaid on January 25, 2022 (Note 5). Subsequent to the consummation of the Initial Public Offering and Private Placement, the Company’s liquidity needs have been satisfied with the proceeds from the consummation of the Private Placement not held in the Trust Account. Based on the foregoing, management believes that the Company will have sufficient working capital and borrowing capacity to meet its needs through the earlier of the consummation of a Business Combination or one year from this filing. Over this time period, the Company will be using these funds for paying existing accounts payable, identifying and evaluating prospective initial Business Combination candidates, performing due diligence on prospective target businesses, paying for travel expenditures, selecting the target business to merge with or acquire, and structuring, negotiating and consummating the Business Combination. TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORPORATION NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS August 31, 2024 Note 1 — Description of Organization and Business Operations (Continued) Going Concern and Management’s Plan In connection with the Company’s assessment of going concern considerations in accordance with the authoritative guidance in Financial Accounting Standard Board (“FASB”) Accounting Standards Update (“ASU”) 2014-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” management has determined that the Company currently lacks the liquidity it needs to sustain operations for a reasonable period of time, which is considered to be at least one year from the date that the unaudited financial statements are issued as it expects to continue to incur significant costs in pursuit of its acquisition plans. In addition, on June 7, 2024, TETE amended its amended and restated articles of association in existence at that time to give TETE the right to extend the Combination Period up to seven (7) times for an additional one (1) month each time from June 20, 2024 to January 20, 2025 by depositing into its trust account, for each one-month extension, the lesser of (a) $60,000 and (b) $0.02 for each ordinary share outstanding. The Company subsequently deposited $51,365 per month into the trust account to extend the Combination Period from June 20, 2024 to October 20, 2024. None of the funds held in trust will be released from the trust account, other than interest income to pay any tax obligations, until the earlier of the completion of an initial business combination within the required time period or our entry into liquidation if TETE has not consummated a business combination by October 20, 2024 (unless otherwise extended).

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116725000

10.15

0.80 0.50

10.15

5000001

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100000

10.00

In order to protect the amounts held in the Trust Account, the Sponsor has agreed to be liable to the Company if and to the extent any claims by a third party for services rendered or products sold to the Company, or a prospective target business with which the Company has discussed entering into a transaction agreement, reduce the amount of funds in the Trust Account to below (i) $10.15 per Public Share or (ii) such lesser amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account, if less than $10.15 per Public Share due to reductions in the value of the trust assets, in each case net of the amount of interest which may be withdrawn to pay taxes, except as to any claims by a third party who executed a waiver of any and all rights to seek access to the Trust Account and except as to any claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). Moreover, in the event that an executed waiver is deemed to be unenforceable against a third party, the Sponsor will not be responsible to the extent of any liability for such third-party claims. The Company will seek to reduce the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all vendors, service providers (except for the Company’s independent registered accounting firm), prospective target businesses and other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account.

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41000

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300000

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Note 2 — Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X of the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented. The accompanying unaudited financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the period ended November 30, 2023, as filed with the SEC on March 4, 2024. The interim results for the nine months ended August 31, 2024 are not necessarily indicative of the results to be expected for the year ending November 30, 2024 or for any future periods. Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s unaudited consolidated financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORPORATION NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS August 31, 2024 Note 2 — Summary of Significant Accounting Policies (Continued) Use of Estimates The preparation of unaudited consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the unaudited consolidated financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates. Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Cash equivalents are carried at cost, which approximates fair value. The Company had$40,533 in cash and no cash equivalents as of August 31, 2024 and $9,917 in cash and no cash equivalents as of November 30, 2023. Marketable Securities Held in Trust Account As of August 31, 2024 and November 30, 2023, substantially all of the assets held in the Trust Account were held in the money market. The amount of assets held in Trust Account is $31,138,174 and $33,749,917, respectively. Income Taxes The Company complies with the accounting and reporting requirements of ASC Topic 740, “Income Taxes,” which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the unaudited consolidated financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the unaudited consolidated financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company determined that the Cayman Islands is the Company’s only major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits, if any, as income tax expense. There were no unrecognized tax benefits as of August 31, 2024 and no amounts accrued for interest and penalties. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception. TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORPORATION NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS August 31, 2024 Note 2 — Summary of Significant Accounting Policies (Continued) <p id="xdx_843_eus-gaap--SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock_zaQvL0ldJark" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">Class A Ordinary Shares Subject to Possible Redemption All of the Class A ordinary shares sold as part of the Units in the Initial Public Offering contain a redemption feature which allows for the redemption of such Public Shares in connection with the Company’s liquidation, if there is a shareholder vote or tender offer in connection with the Business Combination and in connection with certain amendments to the Company’s amended and restated certificate of incorporation. In accordance with ASC 480, conditionally redeemable Class A ordinary shares (including Class A ordinary shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. Ordinary liquidation events, which involve the redemption and liquidation of all of the entity’s equity instruments, are excluded from the provisions of ASC 480. Although the Company did not specify a maximum redemption threshold, its charter provides that currently, the Company will not redeem its public shares in an amount that would cause its net tangible assets (shareholders’ equity) to be less than $<span id="xdx_90E_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_iI_c20240831__srt--RangeAxis__srt--MaximumMember_z8WbUSu1YK0l" title="Business combination, net tangible assets">5,000,001. However, the threshold in its charter would not change the nature of the underlying shares as redeemable and thus public shares would be required to be disclosed outside of permanent equity. The Company recognizes changes in redemption value immediately as they occur and adjusts the carrying value of redeemable ordinary shares to equal the redemption value at the end of each reporting period. Such changes are reflected in additional paid-in capital, or in the absence of additional capital, in accumulated deficit. As of August 31, 2024, 2,568,240 Class A Ordinary Shares outstanding are subject to possible redemption. Concentration of Credit Risk Financial instruments that potentially subject the Company to concentration of credit risk consist of a cash account in a financial institution which, at times may exceed the Federal depository insurance coverage of $250,000. On August 31, 2024, the Company had not experienced losses on this account and management believes the Company is not exposed to significant risks on such account. Net Income Per Share Net income per share is computed by dividing net income by the weighted average number of ordinary shares outstanding for the period. The calculation of diluted income per share does not consider the effect of the warrants issued in connection with the Initial Public Offering and warrants issued as components of the Private Placement Units (the “Placement Warrants”) since the exercise of the warrants are contingent upon the occurrence of future events and the inclusion of such warrants would be anti-dilutive. The Company’s unaudited consolidated statements of operations include a presentation of income per share for ordinary shares subject to possible redemption in a manner similar to the two-class method of income per share. Net income (per ordinary share, basic and diluted, for redeemable Class A ordinary shares is calculated by dividing the net income allocable to Class A ordinary shares subject to possible redemption, by the weighted average number of redeemable Class A ordinary shares outstanding since original issuance. Net income per ordinary share, basic and diluted, for non-redeemable Class A ordinary shares is calculated by dividing net income allocable to non-redeemable ordinary shares, by the weighted average number of non-redeemable ordinary shares outstanding for the periods. TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORPORATION NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS August 31, 2024 Note 2 — Summary of Significant Accounting Policies (Continued) Summary of Basic and Diluted Net Income (Loss) per Common Share <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_496_20240601__20240831_zs9llpb5BlF5" style="font-weight: bold; text-align: center">2024</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_499_20230601__20230831_zcV5GyRQazFc" style="font-weight: bold; text-align: center">2023</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49A_20231201__20240831_zN8fET77TCL2" style="font-weight: bold; text-align: center">2024</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49A_20221201__20230831_zRC9a0O1zEJh" style="font-weight: bold; text-align: center">2023</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; text-align: center">For the Three Months Ended August 31,</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; text-align: center">For the Nine Months Ended August 31,</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Class A ordinary shares</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--ProfitLoss_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zuLUOIZq5XEb" style="vertical-align: bottom; background-color: White"> <td style="width: 40%; text-align: left">Numerator: net income allocable to redeemable Class A ordinary shares</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">200,474</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">64,801</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">724,116</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">514,793</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zUFXcKdIxIFd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Denominator: weighted average number of Class A ordinary shares</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,975,740</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,622,852</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,975,740</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,217,220</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Basic and diluted net income per redeemable Class A ordinary share</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_90D_eus-gaap--EarningsPerShareBasic_c20240601__20240831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zSzFpc97Taqk" title="Basic net income (loss) per ordinary share"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_90E_eus-gaap--EarningsPerShareDiluted_c20240601__20240831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zr8dld9SCLI5" title="Diluted net income (loss) per ordinary share">0.03</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_90B_eus-gaap--EarningsPerShareBasic_c20230601__20230831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zGs6HHVE1gSc" title="Basic net income (loss) per ordinary share"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_905_eus-gaap--EarningsPerShareDiluted_c20230601__20230831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zUcuVKdkMlL7" title="Diluted net income (loss) per ordinary share">0.02</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_901_eus-gaap--EarningsPerShareBasic_c20231201__20240831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zp4oQXOOB7Z8" title="Basic net income (loss) per ordinary share"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_904_eus-gaap--EarningsPerShareDiluted_c20231201__20240831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zhvFbEsTG7te" title="Diluted net income (loss) per ordinary share">0.12</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_908_eus-gaap--EarningsPerShareBasic_c20221201__20230831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zuYNEAuEma04" title="Basic net income (loss) per ordinary share"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_905_eus-gaap--EarningsPerShareDiluted_c20221201__20230831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_z0qcA1Zbxli1" title="Diluted net income (loss) per ordinary share">0.10</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Class B ordinary shares</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--ProfitLoss_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_z2eFWnuDhrK7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Numerator: net income allocable to Class B ordinary shares</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">51,424</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">283,681</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zxbOFuLFQQF9" style="vertical-align: bottom; background-color: White"> <td>Denominator: weighted average number of Class B ordinary shares</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,875,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,875,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Basic and diluted net income per Class B ordinary share</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_901_eus-gaap--EarningsPerShareBasic_c20240601__20240831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zzWdnbPo78ac" title="Basic net income (loss) per ordinary share"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_908_eus-gaap--EarningsPerShareDiluted_c20240601__20240831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zlgPKppHsvAd" title="Diluted net income (loss) per ordinary share">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_90F_eus-gaap--EarningsPerShareBasic_c20230601__20230831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zyHutLEF5HP" title="Basic net income (loss) per ordinary share"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_908_eus-gaap--EarningsPerShareDiluted_c20230601__20230831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zEjRzYmOvrpd" title="Diluted net income (loss) per ordinary share">0.02</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_908_eus-gaap--EarningsPerShareBasic_c20231201__20240831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zTjVNbPtztA6" title="Basic net income (loss) per ordinary share"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_907_eus-gaap--EarningsPerShareDiluted_c20231201__20240831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zMQGW7YHVMw3" title="Diluted net income (loss) per ordinary share">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_909_eus-gaap--EarningsPerShareBasic_c20221201__20230831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zpk9RWKa4jC3" title="Basic net income (loss) per ordinary share"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_90A_eus-gaap--EarningsPerShareDiluted_c20221201__20230831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zRBh98D0UNR5" title="Diluted net income (loss) per ordinary share">0.10</td><td style="text-align: left"> </td></tr> </table> Offering Costs Associated with the Initial Public Offering The Company complies with the requirements of the Financial Accounting Standards Board ASC 340-10-S99-1 and SEC Staff Accounting Bulletin (“SAB”) Topic 5A, “Expenses of Offering.” Offering costs of $4,532,887 consist principally of costs incurred in connection with formation of the Company and preparation for the Initial Public Offering. These costs, together with the underwriter discount of $4,025,000, were charged to additional paid-in capital upon completion of the Initial Public Offering. Fair Value of Financial Instruments The Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include: ● Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets; ● Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and ● Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement. Recent Accounting Standards Management does not believe that any recently issued, but not effective, accounting standards, if currently adopted, would have a material effect on the Company’s financial statement. TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORPORATION NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS August 31, 2024

Basis of Presentation The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X of the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented. The accompanying unaudited financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the period ended November 30, 2023, as filed with the SEC on March 4, 2024. The interim results for the nine months ended August 31, 2024 are not necessarily indicative of the results to be expected for the year ending November 30, 2024 or for any future periods.

Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s unaudited consolidated financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORPORATION NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS August 31, 2024 Note 2 — Summary of Significant Accounting Policies (Continued)

Use of Estimates The preparation of unaudited consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the unaudited consolidated financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.

Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Cash equivalents are carried at cost, which approximates fair value. The Company had$40,533 in cash and no cash equivalents as of August 31, 2024 and $9,917 in cash and no cash equivalents as of November 30, 2023.

40533

9917

Marketable Securities Held in Trust Account As of August 31, 2024 and November 30, 2023, substantially all of the assets held in the Trust Account were held in the money market. The amount of assets held in Trust Account is $31,138,174 and $33,749,917, respectively.

31138174

33749917

Income Taxes The Company complies with the accounting and reporting requirements of ASC Topic 740, “Income Taxes,” which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the unaudited consolidated financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the unaudited consolidated financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company determined that the Cayman Islands is the Company’s only major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits, if any, as income tax expense. There were no unrecognized tax benefits as of August 31, 2024 and no amounts accrued for interest and penalties. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception. TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORPORATION NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS August 31, 2024 Note 2 — Summary of Significant Accounting Policies (Continued)

<p id="xdx_843_eus-gaap--SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock_zaQvL0ldJark" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">Class A Ordinary Shares Subject to Possible Redemption All of the Class A ordinary shares sold as part of the Units in the Initial Public Offering contain a redemption feature which allows for the redemption of such Public Shares in connection with the Company’s liquidation, if there is a shareholder vote or tender offer in connection with the Business Combination and in connection with certain amendments to the Company’s amended and restated certificate of incorporation. In accordance with ASC 480, conditionally redeemable Class A ordinary shares (including Class A ordinary shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. Ordinary liquidation events, which involve the redemption and liquidation of all of the entity’s equity instruments, are excluded from the provisions of ASC 480. Although the Company did not specify a maximum redemption threshold, its charter provides that currently, the Company will not redeem its public shares in an amount that would cause its net tangible assets (shareholders’ equity) to be less than $<span id="xdx_90E_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_iI_c20240831__srt--RangeAxis__srt--MaximumMember_z8WbUSu1YK0l" title="Business combination, net tangible assets">5,000,001. However, the threshold in its charter would not change the nature of the underlying shares as redeemable and thus public shares would be required to be disclosed outside of permanent equity. The Company recognizes changes in redemption value immediately as they occur and adjusts the carrying value of redeemable ordinary shares to equal the redemption value at the end of each reporting period. Such changes are reflected in additional paid-in capital, or in the absence of additional capital, in accumulated deficit. As of August 31, 2024, 2,568,240 Class A Ordinary Shares outstanding are subject to possible redemption.

5000001

2568240

Concentration of Credit Risk Financial instruments that potentially subject the Company to concentration of credit risk consist of a cash account in a financial institution which, at times may exceed the Federal depository insurance coverage of $250,000. On August 31, 2024, the Company had not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.

250000

Net Income Per Share Net income per share is computed by dividing net income by the weighted average number of ordinary shares outstanding for the period. The calculation of diluted income per share does not consider the effect of the warrants issued in connection with the Initial Public Offering and warrants issued as components of the Private Placement Units (the “Placement Warrants”) since the exercise of the warrants are contingent upon the occurrence of future events and the inclusion of such warrants would be anti-dilutive. The Company’s unaudited consolidated statements of operations include a presentation of income per share for ordinary shares subject to possible redemption in a manner similar to the two-class method of income per share. Net income (per ordinary share, basic and diluted, for redeemable Class A ordinary shares is calculated by dividing the net income allocable to Class A ordinary shares subject to possible redemption, by the weighted average number of redeemable Class A ordinary shares outstanding since original issuance. Net income per ordinary share, basic and diluted, for non-redeemable Class A ordinary shares is calculated by dividing net income allocable to non-redeemable ordinary shares, by the weighted average number of non-redeemable ordinary shares outstanding for the periods. TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORPORATION NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS August 31, 2024 Note 2 — Summary of Significant Accounting Policies (Continued) Summary of Basic and Diluted Net Income (Loss) per Common Share <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_496_20240601__20240831_zs9llpb5BlF5" style="font-weight: bold; text-align: center">2024</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_499_20230601__20230831_zcV5GyRQazFc" style="font-weight: bold; text-align: center">2023</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49A_20231201__20240831_zN8fET77TCL2" style="font-weight: bold; text-align: center">2024</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49A_20221201__20230831_zRC9a0O1zEJh" style="font-weight: bold; text-align: center">2023</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; text-align: center">For the Three Months Ended August 31,</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; text-align: center">For the Nine Months Ended August 31,</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Class A ordinary shares</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--ProfitLoss_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zuLUOIZq5XEb" style="vertical-align: bottom; background-color: White"> <td style="width: 40%; text-align: left">Numerator: net income allocable to redeemable Class A ordinary shares</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">200,474</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">64,801</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">724,116</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">514,793</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zUFXcKdIxIFd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Denominator: weighted average number of Class A ordinary shares</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,975,740</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,622,852</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,975,740</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,217,220</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Basic and diluted net income per redeemable Class A ordinary share</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_90D_eus-gaap--EarningsPerShareBasic_c20240601__20240831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zSzFpc97Taqk" title="Basic net income (loss) per ordinary share"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_90E_eus-gaap--EarningsPerShareDiluted_c20240601__20240831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zr8dld9SCLI5" title="Diluted net income (loss) per ordinary share">0.03</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_90B_eus-gaap--EarningsPerShareBasic_c20230601__20230831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zGs6HHVE1gSc" title="Basic net income (loss) per ordinary share"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_905_eus-gaap--EarningsPerShareDiluted_c20230601__20230831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zUcuVKdkMlL7" title="Diluted net income (loss) per ordinary share">0.02</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_901_eus-gaap--EarningsPerShareBasic_c20231201__20240831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zp4oQXOOB7Z8" title="Basic net income (loss) per ordinary share"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_904_eus-gaap--EarningsPerShareDiluted_c20231201__20240831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zhvFbEsTG7te" title="Diluted net income (loss) per ordinary share">0.12</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_908_eus-gaap--EarningsPerShareBasic_c20221201__20230831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zuYNEAuEma04" title="Basic net income (loss) per ordinary share"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_905_eus-gaap--EarningsPerShareDiluted_c20221201__20230831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_z0qcA1Zbxli1" title="Diluted net income (loss) per ordinary share">0.10</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Class B ordinary shares</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--ProfitLoss_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_z2eFWnuDhrK7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Numerator: net income allocable to Class B ordinary shares</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">51,424</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">283,681</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zxbOFuLFQQF9" style="vertical-align: bottom; background-color: White"> <td>Denominator: weighted average number of Class B ordinary shares</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,875,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,875,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Basic and diluted net income per Class B ordinary share</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_901_eus-gaap--EarningsPerShareBasic_c20240601__20240831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zzWdnbPo78ac" title="Basic net income (loss) per ordinary share"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_908_eus-gaap--EarningsPerShareDiluted_c20240601__20240831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zlgPKppHsvAd" title="Diluted net income (loss) per ordinary share">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_90F_eus-gaap--EarningsPerShareBasic_c20230601__20230831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zyHutLEF5HP" title="Basic net income (loss) per ordinary share"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_908_eus-gaap--EarningsPerShareDiluted_c20230601__20230831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zEjRzYmOvrpd" title="Diluted net income (loss) per ordinary share">0.02</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_908_eus-gaap--EarningsPerShareBasic_c20231201__20240831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zTjVNbPtztA6" title="Basic net income (loss) per ordinary share"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_907_eus-gaap--EarningsPerShareDiluted_c20231201__20240831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zMQGW7YHVMw3" title="Diluted net income (loss) per ordinary share">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_909_eus-gaap--EarningsPerShareBasic_c20221201__20230831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zpk9RWKa4jC3" title="Basic net income (loss) per ordinary share"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_90A_eus-gaap--EarningsPerShareDiluted_c20221201__20230831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zRBh98D0UNR5" title="Diluted net income (loss) per ordinary share">0.10</td><td style="text-align: left"> </td></tr> </table>

Summary of Basic and Diluted Net Income (Loss) per Common Share <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_496_20240601__20240831_zs9llpb5BlF5" style="font-weight: bold; text-align: center">2024</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_499_20230601__20230831_zcV5GyRQazFc" style="font-weight: bold; text-align: center">2023</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49A_20231201__20240831_zN8fET77TCL2" style="font-weight: bold; text-align: center">2024</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" id="xdx_49A_20221201__20230831_zRC9a0O1zEJh" style="font-weight: bold; text-align: center">2023</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; text-align: center">For the Three Months Ended August 31,</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; text-align: center">For the Nine Months Ended August 31,</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Class A ordinary shares</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--ProfitLoss_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zuLUOIZq5XEb" style="vertical-align: bottom; background-color: White"> <td style="width: 40%; text-align: left">Numerator: net income allocable to redeemable Class A ordinary shares</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">200,474</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">64,801</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">724,116</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">514,793</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zUFXcKdIxIFd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Denominator: weighted average number of Class A ordinary shares</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,975,740</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,622,852</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,975,740</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,217,220</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Basic and diluted net income per redeemable Class A ordinary share</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_90D_eus-gaap--EarningsPerShareBasic_c20240601__20240831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zSzFpc97Taqk" title="Basic net income (loss) per ordinary share"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_90E_eus-gaap--EarningsPerShareDiluted_c20240601__20240831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zr8dld9SCLI5" title="Diluted net income (loss) per ordinary share">0.03</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_90B_eus-gaap--EarningsPerShareBasic_c20230601__20230831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zGs6HHVE1gSc" title="Basic net income (loss) per ordinary share"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_905_eus-gaap--EarningsPerShareDiluted_c20230601__20230831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zUcuVKdkMlL7" title="Diluted net income (loss) per ordinary share">0.02</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_901_eus-gaap--EarningsPerShareBasic_c20231201__20240831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zp4oQXOOB7Z8" title="Basic net income (loss) per ordinary share"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_904_eus-gaap--EarningsPerShareDiluted_c20231201__20240831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zhvFbEsTG7te" title="Diluted net income (loss) per ordinary share">0.12</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_908_eus-gaap--EarningsPerShareBasic_c20221201__20230831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zuYNEAuEma04" title="Basic net income (loss) per ordinary share"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_905_eus-gaap--EarningsPerShareDiluted_c20221201__20230831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_z0qcA1Zbxli1" title="Diluted net income (loss) per ordinary share">0.10</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Class B ordinary shares</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--ProfitLoss_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_z2eFWnuDhrK7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Numerator: net income allocable to Class B ordinary shares</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">51,424</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">283,681</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_hus-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zxbOFuLFQQF9" style="vertical-align: bottom; background-color: White"> <td>Denominator: weighted average number of Class B ordinary shares</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,875,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,875,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Basic and diluted net income per Class B ordinary share</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_901_eus-gaap--EarningsPerShareBasic_c20240601__20240831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zzWdnbPo78ac" title="Basic net income (loss) per ordinary share"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_908_eus-gaap--EarningsPerShareDiluted_c20240601__20240831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zlgPKppHsvAd" title="Diluted net income (loss) per ordinary share">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_90F_eus-gaap--EarningsPerShareBasic_c20230601__20230831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zyHutLEF5HP" title="Basic net income (loss) per ordinary share"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_908_eus-gaap--EarningsPerShareDiluted_c20230601__20230831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zEjRzYmOvrpd" title="Diluted net income (loss) per ordinary share">0.02</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_908_eus-gaap--EarningsPerShareBasic_c20231201__20240831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zTjVNbPtztA6" title="Basic net income (loss) per ordinary share"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_907_eus-gaap--EarningsPerShareDiluted_c20231201__20240831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zMQGW7YHVMw3" title="Diluted net income (loss) per ordinary share">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_909_eus-gaap--EarningsPerShareBasic_c20221201__20230831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zpk9RWKa4jC3" title="Basic net income (loss) per ordinary share"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFN1bW1hcnkgb2YgQmFzaWMgYW5kIERpbHV0ZWQgTmV0IEluY29tZSAoTG9zcykgcGVyIENvbW1vbiBTaGFyZSAoRGV0YWlscykA" id="xdx_90A_eus-gaap--EarningsPerShareDiluted_c20221201__20230831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zRBh98D0UNR5" title="Diluted net income (loss) per ordinary share">0.10</td><td style="text-align: left"> </td></tr> </table>

200474

64801

724116

514793

5975740

3622852

5975740

5217220

0.03

0.02

0.12

0.10

51424

283681

2875000

0.02

0.10

Offering Costs Associated with the Initial Public Offering The Company complies with the requirements of the Financial Accounting Standards Board ASC 340-10-S99-1 and SEC Staff Accounting Bulletin (“SAB”) Topic 5A, “Expenses of Offering.” Offering costs of $4,532,887 consist principally of costs incurred in connection with formation of the Company and preparation for the Initial Public Offering. These costs, together with the underwriter discount of $4,025,000, were charged to additional paid-in capital upon completion of the Initial Public Offering.

4532887

4025000

Fair Value of Financial Instruments The Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include: ● Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets; ● Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and ● Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement.

Recent Accounting Standards Management does not believe that any recently issued, but not effective, accounting standards, if currently adopted, would have a material effect on the Company’s financial statement.

Note 3 —Initial Public Offering Pursuant to the Initial Public Offering, the Company sold 11,500,000 Units at a purchase price of $10.00 per Unit generating gross proceeds to the Company in the amount of $115,000,000. Each Unit consists of one ordinary share and one redeemable warrant (“Public Warrant”). Each Public Warrant entitles the holder purchase one ordinary share at an exercise price of $11.50 per whole share.

11500000

10.00

115000000

Each Unit consists of one ordinary share and one redeemable warrant (“Public Warrant”). Each Public Warrant entitles the holder purchase one ordinary share at an exercise price of $11.50 per whole share

11.50

Note 4 — Private Placement Simultaneously with the closing of the Initial Public Offering, the Company consummated the private sale (the “Private Placement”) of an aggregate of <span id="xdx_908_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_c20220119__20220120__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zWbGd2zKCvki" title="Sale of stock, number of shares issued in transaction">532,500 units (the “Private Placement Units”) to Technology & Telecommunication, LLC (the “Sponsor”) at a purchase price of $10.00 per Private Placement Unit, generating gross proceeds to the Company in the amount of $<span id="xdx_90D_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_c20220119__20220120__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zBwmyAaMbts7" title="Proceeds from issuance of private placement">5,325,000 on January 20, 2022. A portion of the proceeds from the Private Placement Units was added to the proceeds from the Initial Public Offering held in the Trust Account. If the Company does not complete a Business Combination within the Combination Period, the proceeds from the sale of the Private Placement Units held in the Trust Account will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law) and the Private Placement Units will be worthless. The Private Placement Warrants (including the Class A ordinary shares issuable upon exercise of the Private Placement Warrants) will not be transferable, assignable or salable until 30 days after the completion of an Initial Business Combination, subject to certain exceptions.

532500

10.00

5325000

Note 5 — Related Party Transactions Founder Shares On November 26, 2021, the Sponsor purchased <span id="xdx_90B_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20211125__20211126__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__dei--LegalEntityAxis__custom--TechnologyTelecommunicationLLCMember_zchGs1qgW7Db" title="Number of new stock issued during the period">2,875,000 of the Company’s Class B ordinary shares (the “Founder Shares”) in exchange for $<span id="xdx_907_eus-gaap--StockIssuedDuringPeriodValueNewIssues_pp0p0_c20211125__20211126__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__dei--LegalEntityAxis__custom--TechnologyTelecommunicationLLCMember_zHxMo7MENORl" title="Purchase price">25,000. The Founder Shares include an aggregate of up to <span id="xdx_90A_eus-gaap--WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation_c20211125__20211126__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__dei--LegalEntityAxis__custom--TechnologyTelecommunicationLLCMember_zJSZZ0C8Ihej" title="Common stock shares subject to forfeiture">375,000 shares subject to forfeiture to the extent that the underwriters’ over-allotment is not exercised in full or in part, so that the number of Founder Shares will equal, on an as-converted basis, approximately <span id="xdx_90C_ecustom--PercentageOfSharesIssuedAndOutstanding_iI_pid_dp_uPure_c20211126__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__dei--LegalEntityAxis__custom--TechnologyTelecommunicationLLCMember_zZ7UAcAPXnZ" title="Issued and outstanding, percent">20% of the Company’s issued and outstanding ordinary shares after the Initial Public Offering. The Founder Shares are no longer subject to forfeiture due to full exercise of the over-allotment by the underwriter. <span id="xdx_903_eus-gaap--RelatedPartyTransactionDescriptionOfTransaction_c20211125__20211126__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__dei--LegalEntityAxis__custom--TechnologyTelecommunicationLLCMember_zqZ0T6ffMul9" title="Related party transaction description">The holders of the Founder Shares have agreed, subject to limited exceptions, not to transfer, assign or sell any of the Founder Shares until the earlier to occur of: (A) six months after the completion of a Business Combination and (B) subsequent to a Business Combination, (x) if the last reported sale price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period, or (y) the date on which the Company completes a liquidation, merger, capital share exchange or other similar transaction that results in all of the Public Shareholders having the right to exchange their ordinary shares for cash, securities or other property. TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORPORATION NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS August 31, 2024 Note 5 — Related Party Transactions (Continued) Promissory Note — Related Party On November 26, 2021, the Sponsor issued an unsecured promissory note to the Company (the “Promissory Note”), pursuant to which the Company may borrow up to an aggregate principal amount of up to $<span id="xdx_900_eus-gaap--DebtInstrumentFaceAmount_iI_pp0p0_c20211126__us-gaap--DebtInstrumentAxis__custom--PromissoryNoteMember__dei--LegalEntityAxis__custom--TechnologyTelecommunicationLLCMember_zTBI3A9JYu5d" title="Aggregate principal amount">300,000. The Promissory Note is non-interest bearing and payable on the earlier of (i) December 31, 2022, or (ii) the consummation of the Initial Public Offering. During the year end November 30, 2022, deferred offering costs paid for by the Promissory Note amounted to $<span id="xdx_909_eus-gaap--DeferredOfferingCosts_iI_pp0p0_c20221130__us-gaap--DebtInstrumentAxis__custom--PromissoryNoteMember__dei--LegalEntityAxis__custom--TechnologyTelecommunicationLLCMember_zsHrwjdUZ6Dh" title="Deferred offering cost">71,881. On January 25, 2022, the outstanding balance owed under the Promissory Note (being $<span id="xdx_90B_eus-gaap--RepaymentsOfRelatedPartyDebt_pp0p0_c20220124__20220125__us-gaap--DebtInstrumentAxis__custom--PromissoryNoteMember__dei--LegalEntityAxis__custom--TechnologyTelecommunicationLLCMember_z944WWqGOBd7" title="Repayments of debt">177,876) was repaid in full. Related Party Loans In order to finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). Such Working Capital Loans would be evidenced by promissory notes. The notes may be repaid upon completion of a Business Combination, without interest, or, at the lender’s discretion, up to $1,500,000 of the notes may be converted upon completion of a Business Combination into units at a price of $10.00 per unit. Such units would be identical to the Private Placement Units. In the event that a Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. On August 10, 2023, the Sponsor has promised to loan an amount of up to $500,000 to the Company. As of August 31, 2024 and November 30, 2023, there were $851,000 and $300,000 outstanding under any Working Capital Loans and extensions, respectively. On June 14, 2024, the Sponsor issued an additional unsecured promissory note to the Company, pursuant to which the Company may borrow up to an aggregate principal amount of up to $500,000. The Second Promissory Note is non-interest bearing and payable after the date of the consummation of the Business Combination. Administrative Support Agreement Commencing on the date the Units are first listed on the Nasdaq, the Company has agreed to pay the Sponsor a total of $<span id="xdx_90D_eus-gaap--SponsorFees_c20231201__20240831__us-gaap--RelatedPartyTransactionAxis__custom--AdministrativeSupportAgreementMember__dei--LegalEntityAxis__custom--TechnologyTelecommunicationLLCMember_zAcYBi7TvSHa" title="Sponsor fees">10,000 per month for office space, utilities and secretarial and administrative support for up to 18 months. Upon completion of the Initial Business Combination or the Company’s liquidation, the Company will cease paying these monthly fees. As of August 31, 2024 and November 30, 2023, $<span id="xdx_90D_eus-gaap--OtherLiabilities_iI_pp0p0_c20240831__us-gaap--RelatedPartyTransactionAxis__custom--AdministrativeSupportAgreementMember__dei--LegalEntityAxis__custom--TechnologyTelecommunicationLLCMember_zKznFDMhVlNb" title="Due to related party">90,000 and $<span id="xdx_901_eus-gaap--OtherLiabilities_iI_pp0p0_c20231130__us-gaap--RelatedPartyTransactionAxis__custom--AdministrativeSupportAgreementMember__dei--LegalEntityAxis__custom--TechnologyTelecommunicationLLCMember_z4arQm7yhCA9" title="Due to related party">220,000 had been accrued and not yet been paid to the Sponsor under the Administrative Support Agreement respectively. Extension Loan On February 21, 2023, the Sponsor has promised to loan an amount of up to $656,474 to the Company and the full amount has been borrowed. On June 13, 2023, the Sponsor has promised to loan an amount of up to $864,000 to the Company and the full amount has been borrowed. On August 10, 2023, the Sponsor promised to loan an amount of up to $500,000 to the Company and $500,000 has been borrowed. . As of August 31, 2024, the available balance between the three loans is $2,020,474 and the Sponsor had paid an aggregate of $2,612,277 towards these loans. TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORPORATION NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS August 31, 2024

2875000

25000

375000

0.20

The holders of the Founder Shares have agreed, subject to limited exceptions, not to transfer, assign or sell any of the Founder Shares until the earlier to occur of: (A) six months after the completion of a Business Combination and (B) subsequent to a Business Combination, (x) if the last reported sale price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period, or (y) the date on which the Company completes a liquidation, merger, capital share exchange or other similar transaction that results in all of the Public Shareholders having the right to exchange their ordinary shares for cash, securities or other property.

300000

71881

177876

1500000

10.00

500000

851000 300000

500000

10000

90000

220000

656474

864000

500000

2020474

2612277

Note 6 — Commitments and Contingencies Registration Rights The holders of the Founder Shares, Private Placement Units and warrants that may be issued upon conversion of Working Capital Loans (and any ordinary shares issuable upon the exercise of the Private Placement Warrants or warrants issued upon conversion of the Working Capital Loans and upon conversion of the Founder Shares) will be entitled to registration rights pursuant to a registration rights agreement to be signed prior to or on the effective date of Initial Public Offering requiring the Company to register such securities for resale (in the case of the Founder Shares, only after conversion to Class A ordinary shares). The holders of these securities will be entitled to make up to three demands, excluding short form registration demands, that the Company register such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to completion of a Business Combination and rights to require the Company to register for resale such securities pursuant to Rule 415 under the Securities Act. However, the registration rights agreement provides that the Company will not be required to effect or permit any registration or cause any registration statement to become effective until the securities covered thereby are released from their lock-up restrictions. The Company will bear the expenses incurred in connection with the filing of any such registration statements. Underwriters Agreement The Company granted the underwriters a 45-day option from the date of Initial Public Offering to purchase up to <span id="xdx_90E_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_c20231201__20240831__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember__srt--TitleOfIndividualAxis__custom--UnderwritersMember__srt--RangeAxis__srt--MaximumMember_zAjAQi1C3iT5" title="Sale of stock, number of shares issued in transaction">1,500,000 additional Units to cover over-allotments, if any, at the Initial Public Offering price less the underwriting discounts and commissions. The underwriters were entitled to a cash underwriting discount of $<span id="xdx_90E_ecustom--UnderwritingDiscountPerUnit_pid_c20231201__20240831__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember__srt--TitleOfIndividualAxis__custom--UnderwritersMember_zHWmwF0XRuFk" title="Underwriting discount per unit">0.20 per Unit, or $<span id="xdx_901_eus-gaap--PaymentsForUnderwritingExpense_pp0p0_c20231201__20240831__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember__srt--TitleOfIndividualAxis__custom--UnderwritersMember_zRt8l55JDiTa" title="Underwriting discount">2,000,000 in the aggregate (or $<span id="xdx_904_ecustom--AggregateAmountOfUnderwritingDiscount_c20231201__20240831__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember__srt--TitleOfIndividualAxis__custom--UnderwritersMember_zpk9Wf2yrOr4" title="Aggregate amonunt of underwriting discount">2,300,000 in the aggregate if the underwriters’ over-allotment option was exercised in full), payable upon the closing of the Initial Public Offering. The underwriters agreed to reimburse us for expenses incurred by us in connection with this offering in an amount equal to $<span id="xdx_90F_ecustom--ReimburseOfOfferingExpense_c20231201__20240831__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember__srt--TitleOfIndividualAxis__custom--UnderwritersMember_zwVHrnA8QN7a" title="Reimburse of offering expense">500,000, payable to us at the closing of the offering. In addition, the underwriters were entitled to a deferred fee of $<span id="xdx_907_ecustom--UnderwritingDeferredFeePerUnit_pid_c20231201__20240831__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember__srt--TitleOfIndividualAxis__custom--UnderwritersMember_zN2XAbqECQD8" title="Underwriter deferred fee, price per shares">0.35 per Unit, or $<span id="xdx_906_ecustom--DeferredUnderwriterCommission_iI_c20240831__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember__srt--TitleOfIndividualAxis__custom--UnderwritersMember_zoyR3J8WNqSa" title="Underwriter deferred fee">3,500,000 in the aggregate (or $<span id="xdx_90F_ecustom--AggregateAmountOfDeferredFees_c20231201__20240831__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember__srt--TitleOfIndividualAxis__custom--UnderwritersMember_zhoaO9BI1iQe" title="Aggregate amount of deferred fees">4,025,000 in the aggregate if the underwriters’ over-allotment option was exercised in full). The deferred fee will become payable to the underwriters from the amounts held in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement. On January 20, 2022, the underwriters purchased an additional <span id="xdx_902_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_c20220119__20220120__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember__srt--TitleOfIndividualAxis__custom--UnderwritersMember_zlFTc8icTLS4" title="Sale of stock">1,500,000 Option Units pursuant to the full exercise of the over-allotment option. The Option Units were sold at an offering price of $<span id="xdx_900_eus-gaap--SaleOfStockPricePerShare_iI_pid_c20220120__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember__srt--TitleOfIndividualAxis__custom--UnderwritersMember_zjCirzIaC5Tj" title="Sale of stock, price per share">10.00 per Unit, generating additional gross proceeds to the Company of $<span id="xdx_901_eus-gaap--ProceedsFromStockOptionsExercised_c20220119__20220120__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember__srt--TitleOfIndividualAxis__custom--UnderwritersMember_zlUOaoEYdERc" title="Proceeds from stock options exercised">15,000,000. Contingent legal Fees As of August 31, 2024 and November 30, 2023 there was approximately $966,000 included in accounts payable in the accompanying consolidated balance sheet. The legal fees are contingent on the Company completing a Business Combination. TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORPORATION NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS August 31, 2024

1500000

0.20

2000000

2300000 500000 0.35 3500000 4025000

1500000

10.00

15000000

966000

Note 7 – Shareholders’ Equity Preference Shares — The Company is authorized to issue 1,000,000 preference shares with a par value of $0.0001 per share with such designation, rights and preferences as may be determined from time to time by the Company’s Board of Directors. As of August 31, 2024 and November 30, 2023, there were no preference shares issued or outstanding. Class A Ordinary Shares — Our amended and restated memorandum and articles of association authorize the Company to issue 479,000,000 Class A ordinary shares with a par value of $0.0001 per share. Holders of the Company’s Class A ordinary shares are entitled to one vote for each share. On January 18, 2023, TETE’s shareholders elected to redeem an aggregate of 8,373,932 ordinary shares, which is $<span id="xdx_906_eus-gaap--StockRedeemedOrCalledDuringPeriodValue_c20230117__20230118__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_za2at5v8fIrh" title="Number of shares for redemption, value">86,353,885, in connection with the General Meeting. On July 18, 2023, TETE’s shareholders elected to redeem an aggregate of 149,359 ordinary shares, which is $<span id="xdx_907_eus-gaap--StockRedeemedOrCalledDuringPeriodValue_c20230717__20230718__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zhxyBE7qvTPb" title="Number of shares for redemption, value">1,626,736, in connection with the General Meeting. June 13, 2024, TETE’s shareholders elected to redeem an aggregate of 408,469 ordinary shares, which is $<span id="xdx_909_eus-gaap--StockRedeemedOrCalledDuringPeriodValue_c20240612__20240613__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zFGjIU4WEPP2" title="Number of shares for redemption, value">4,872,513, in connection with the General Meeting. As of August 31, 2024 and November 30, 2023, there were 3,407,500 Class A ordinary shares issued and outstanding, respectively, excluding 2,568,240 and 2,976,709 shares subject to possible redemption as of August 31, 2024 and November 30, 2023, respectively. Class B Ordinary Shares — The Company is authorized to issue 20,000,000 Class B ordinary shares with a par value of $0.0001 per share. Holders of the Company’s Class B ordinary shares are entitled to one vote for each share. As of August 31, 2024 and November 30, 2023, there were -0- and -0- Class B ordinary shares issued and outstanding, respectively, such that the Initial Shareholders would maintain ownership of at least <span id="xdx_905_ecustom--PercentageOfSharesIssuedAndOutstanding_iI_pid_dp_uPure_c20240831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zfPpOhQ2eyab" title="Percentage of shares issued and outstanding">20% of the issued and outstanding shares after the Initial Public Offering. Only holders of the Class B ordinary shares will have the right to vote on the election of directors prior to the Business Combination. Holders of Class A ordinary shares and holders of Class B ordinary shares will vote together as a single class on all matters submitted to a vote of our shareholders except as otherwise required by law. In connection with our initial business combination, we may enter into a shareholders’ agreement or other arrangements with the shareholders of the target or other investors to provide for voting or other corporate governance arrangements that differ from those in effect upon completion of this offering. The Class B ordinary shares will automatically convert into Class A ordinary shares at the time of a Business Combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment. In the case that additional Class A ordinary shares, or equity-linked securities, are issued or deemed issued in excess of the amounts issued in the Initial Public Offering and related to the closing of a Business Combination, the ratio at which Class B ordinary shares shall convert into Class A ordinary shares will be adjusted (unless the holders of a majority of the then-outstanding Class B ordinary shares agree to waive such adjustment with respect to any such issuance or deemed issuance) so that the number of Class A ordinary shares issuable upon conversion of all Class B ordinary shares will equal, in the aggregate, on an as-converted basis, <span id="xdx_90D_ecustom--PercentageOfSharesIssuedAndOutstanding_iI_pid_dp_uPure_c20240831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zj92mh7XD6ud" title="Percentage of shares issued and outstanding">20% of the sum of the total number of all ordinary shares outstanding upon the completion of Initial Public Offering plus all Class A ordinary shares and equity-linked securities issued or deemed issued in connection with a Business Combination (net of the number of Class A ordinary shares redeemed in connection with a Business Combination), excluding any shares or equity-linked securities issued or issuable to any seller of an interest in the target to us in a Business Combination. As of August 31, 2024, the Company has converted <span id="xdx_90F_ecustom--StockIssuedDuringSharesConversionOfOrdinaryShares_c20231201__20240831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zT0nYzVVgzdk" title="Conversion of Class B ordinary shares into Class A ordinary shares">2,875,000 Class B ordinary shares to Class A ordinary shares for a par value of $<span id="xdx_90D_ecustom--StockIssuedDuringValueConversionOfOrdinaryShares_c20231201__20240831__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zcW1dhmLfwQh" title="Conversion of Class B ordinary shares into Class A ordinary shares, shares">288. Warrants — Public Warrants may only be exercised for a whole number of shares. No fractional warrants will be issued upon separation of the Units and only whole warrants will trade. The Public Warrants will become exercisable on the later of (a) 30 days after the completion of a Business Combination and (b) 12 months from the closing of the Initial Public Offering. The Public Warrants will expire five years after the completion of a Business Combination or earlier upon redemption or liquidation. The Company will not be obligated to deliver any Class A ordinary shares pursuant to the exercise of a warrant and will have no obligation to settle such warrant exercise unless a registration statement under the Securities Act covering the issuance of the Class A ordinary shares issuable upon exercise of the warrants is then effective and a current prospectus relating to those Class A ordinary shares is available, subject to the Company satisfying its obligations with respect to registration, or a valid exemption from registration is available. No warrant will be exercisable for cash or on a cashless basis, and the Company will not be obligated to issue any shares to holders seeking to exercise their warrants, unless the issuance of the shares upon such exercise is registered or qualified under the securities laws of the state of residence of the exercising holder, or an exemption from registration is available. The Company has agreed that as soon as practicable, but in no event later than 15 business days after the closing of a Business Combination, the Company will use its commercially reasonable efforts to file, and within 60 business days following a Business Combination to have declared effective, a registration statement covering the issuance of the Class A ordinary shares issuable upon exercise of the warrants and to maintain a current prospectus relating to those Class A ordinary shares until the warrants expire or are redeemed. Notwithstanding the above, if the Class A ordinary shares is at the time of any exercise of a warrant not listed on a national securities exchange such that it satisfies the definition of a “covered security” under Section 18(b)(1) of the Securities Act, the Company may, at its option, require holders of Public Warrants who exercise their warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act and, in the event the Company so elects, the Company will not be required to file or maintain in effect a registration statement, but will use its commercially reasonable efforts to register or qualify the shares under applicable blue sky laws to the extent an exemption is not available. TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORPORATION NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS August 31, 2024 Redemption of Warrants When the Price per Share of Class A Ordinary shares Equals or Exceeds $18.00 — Once the warrants become exercisable, the Company may redeem the outstanding Public Warrants: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">in whole and not in part;</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">at a price of $0.01 per Public Warrant;</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">upon a minimum of 30 days’ prior written notice of redemption, or the 30-day redemption period to each warrant holder; and</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">if, and only if, the last reported sale price of the Class A ordinary shares equals or exceeds $18.00 per share (as adjusted for share splits, share dividends, reorganization, recapitalizations and the like) for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to warrant holders.</td></tr> </table> If and when the warrants become redeemable by the Company, the Company may exercise its redemption right even if it is unable to register or qualify the underlying securities for sale under all applicable state securities laws. If the Company calls the Public Warrants for redemption, as described above, its management will have the option to require any holder that wishes to exercise the Public Warrants to do so on a “cashless basis,” as described in the warrant agreement. The exercise price and number of ordinary shares issuable upon exercise of the Public Warrants may be adjusted in certain circumstances including in the event of a share dividend, extraordinary dividend or recapitalization, reorganization, merger or consolidation. However, except as described below, the Public Warrants will not be adjusted for issuances of ordinary shares at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the Public Warrants. If the Company is unable to complete a Business Combination within the Combination Period and the Company liquidates the funds held in the Trust Account, holders of Public Warrants will not receive any of such funds with respect to their Public Warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with respect to such Public Warrants. Accordingly, the Public Warrants may expire worthless. The Private Placement Warrants will be identical to the Public Warrants underlying the Units being sold in the Initial Public Offering. Subsequent to the approval by the shareholders of the Company of the Amendment to the Company’s Amended and Restated Memorandum and Articles of Association (the “Charter Amendment”), on January 20, 2023, the Company filed the Charter Amendment with the Registrar of Companies in the Cayman Islands. In connection with the Charter Amendment, the Company’s shareholders elected to redeem an aggregate of 8,373,932 ordinary shares. Pursuant to the Charter Amendment, the Company has the right to extend the period which it has to complete a business combination by up to six (6) times for an additional one (1) month each time from January 20, 2023 to July 20, 2023 by depositing into its trust account, for each one-month extension, the lesser of (a) $262,500 and (b) $0.0525 for each Class A ordinary share outstanding after giving effect to the redemption of public shares in connection with the Charter Amendment in accordance with the terms of the Company’s amended and restated memorandum and articles of association. Subsequent to the approval by the shareholders of the Company of the Amendment to the Company’s Amended and Restated Memorandum and Articles of Association (the “Charter Amendment”), on July 18, 2023, the Company filed the Charter Amendment with the Registrar of Companies in the Cayman Islands. In connection with the Charter Amendment, the Company’s shareholders elected to redeem an aggregate of 149,359 ordinary shares. Pursuant to the Charter Amendment, the Company has the right to extend the period which it has to complete a business combination by up to twelve (12) times for an additional one (1) month each time from July 20, 2023 to July 20, 2024 by depositing into its trust account, for each one-month extension, the lesser of (a) $144,000 and (b) $0.045 for each Class A ordinary share outstanding after giving effect to the redemption of public shares in connection with the Charter Amendment in accordance with the terms of the Company’s amended and restated memorandum and articles of association. On June 7, 2024, the Company held its general shareholder meeting (the “General Meeting”) and passed its vote to amend the Company’s Amended and Restated Articles of Association (the “Articles of Association”) to give the Company the right to extend the date it has to consummate a business combination up to seven (7) times for an additional one (1) month each time, from June 20, 2024 to January 20, 2025. The cost of this extension would be the lesser of (a) $60,000 and (b) $0.02 for each ordinary share issued and outstanding after giving effect to the redemptions, each month extended.

1000000

0.0001

479000000

0.0001

8373932

86353885

149359

1626736

408469

4872513

3407500

2568240

2976709

20000000

0.0001

0.20 0.20 2875000 288

P5Y

18.00

0.01

18.00

8373932

262500

0.0525

149359

144000

0.045

60000

0.02

Note 8 – Subsequent Events In accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before unaudited consolidated financial statements are issued, the Company has evaluated all events or transactions that occurred after the unaudited consolidated balance sheet date up to the date that the unaudited consolidated financial statements were issued. Based upon this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the unaudited consolidated financial statements.