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Woopeee
Nice happy days ahead
Apart from the cash coming into the company from Super Apps Mega Merger into a new 1.1 billion USA Nasdaq listed company. I like this about MobilityOne & Merger. Currently MobilityOne has ownership of the intellectual property that OneShop Retail uses in its operations and, in connection with the closing of the Business Combination, MobilityOne Will Grant OneShop Retail a Long Term License for Use of Such Intellectual Property. MobilityOne’s technology platform is flexible, scalable and has been designed to facilitate cash, debit card and credit card transactions (according to the device) from multiple devices while controlling and monitoring the distribution of different products and services. This technology owned by MobilityOne will not just be en beaded into the merged new company . It will be showcasing it in a 1.1 Billion Nasdaq listed company. IMO only & DYOR .
You like those 1 trades buystock ah brings back some memories ...20 years now
Looking super hot
Hot
S m a l l c a p p i c k
you have to be ************ i recognise the style :-))
Boom
Would I buy on the current spread...no...will I sell some on the spike ..yes...I buy size when unloved, people were all over this a few weeks back at 8p and then they all sold out and it went back sub 5.5p. How high will it go who knows, it might be the current price, it might get to 10-12p or 12-15p and would I sell more...most certainly...I'm a slicer when the herd chase a fast buck...risky business buying unloved stocks but days like today make it worthwhile
Here we go breakout this should be around 50p+
Dave has it right.
Have you done your research Rash ?
Like a £7 mil market cap, about to get a £10-12 mil payday with Tete deal.
Having talks with Saudi's on potential new deals
Existing business with hundreds of million turnover, ok only trading at breakeven.
Perhaps there is value here and the price is reflecting that
Do your own research. There are some good things in the pipeline here but as with most aim shares, a lot of people get burned when carried away. Around 70% of all shares in this company are owned by board members. As always, do your own research. Good luck.
Wow NT at 8p now, might be another mad day although unlikely because too many buy and sell quickly again never give their trades a chance to make real profits
Combination of several things to come and that Saudi link too. It's very good value. Yeah the main business is suffering from tiny margins but still generates 200 mil of turnover. Potential cash injecting of over £10 mil if the Tete thing goes ahead, Saudi deal announced a while back and then MBO meeting too brass means more deals.
I bought this at sub 3.5p in 2020 and sold most 12-22p and even a tiny amount for 40p when it had that 1000% rise in a day once, those were the bonkers days
Watch it fly try buying a decent amount lol
Would have thought there'd be a bit more buying here.......and surprised why anyone would sell! Nevertheless just a few buy trades sure makes the SP rise! GLA.
50-100P INCOMING
Hi all MBO investors & Potential investors.
Super Apps Holdings to Become a Public Company Through Merger with Technology & Telecommunication Acquisition Corporation will become a $1.1 Billion company.
IMO only of course. This Is a win-win for MBO. Super Apps entered into a share sale agreement with MobilityOne Sdn Bhd (“MobilityOne”), a wholly-owned subsidiary of AIM quoted MobilityOne Limited, pursuant to which Super Apps agreed to purchase 60% of MobilityOne’s ownership interest in OneShop Retail Sdn. Bhd. (“OneShop Retail”) in a transaction which will close prior to the consummation of the Business Combination.
MobilityOne currently has ownership of the intellectual property that OneShop Retail uses in its operations and, in connection with the closing of the Business Combination, MobilityOne Will Grant OneShop Retail a Long Term License for Use of Such Intellectual Property. MobilityOne’s technology platform is flexible, scalable and has been designed to facilitate cash, debit card and credit card transactions (according to the device) from multiple devices while controlling and monitoring the distribution of different products and services. https://www.globenewswire.com/news-release/2022/10/19/2537503/0/en/Super-Apps-Holdings-to-Become-a-Public-Company-Through-Merger-with-Technology-Telecommunication-Acquisition-Corporation.html
More decent buying starting
Based upon the Company’s anticipated collaboration with MYISCO and other potential collaborations, the combined company projects revenue of approximately $348 Million for the financial year ending December 31, 2023.
The proceeds from this transaction will enable Super Apps to build out its technology infrastructure to support demand from blue chip customers in the fast-growing e-commerce payment solutions market and enhance revenue.
Loo See Yuen, Chief Executive Officer of Super Apps, commented, "We are excited to enter the public markets through our business combination with TETE. The proceeds from the business combination, combined with our leadership team’s significant fintech industry experience, will allow Super Apps to accelerate growth in revenue through the expansion of its workforce, including sales and marketing headcount. We believe this transaction will enable us to continue investing in our technology infrastructure and deliver on our aspirations to be the unrivaled payment systems provider in the ASEAN market."
Mr. Ng Tek Che, the Chairman and CEO of TETE, added, “From the many companies under consideration by TETE, our goal was to find a company with a stand-out technology that met our criteria for investing in long-term sustainability for the ASEAN market.
The seamless payment ecosystem is a growing market, and Super Apps plans to utilise digital technologies to enhance the revenue of the combined company by leveraging, through the collaboration agreement between Super Apps and MYISCO Sdn. Bhd., the large database of end users from MYISCO. The strategy fits perfectly with TETE’s strategy to support enterprises utilizing digitalization and big data analytics to improve outcomes. We believe this transaction will create value for our existing and new shareholders on a sustainable, long-term basis.”
As part of the deal, Super Apps will retain its experienced management team, led by CEO Loo See Yuen, while gaining new board members, and Loke Chow Wing, from the TETE team.
Transaction Overview
Pursuant to the Merger Agreement, Super Apps will merge with TETE Technologies Sdn Bhd, a Malaysian private limited company and wholly owned subsidiary of TETE, with Super Apps surviving and TETE acquiring 100% of the equity securities of Super Apps. In exchange for their equity securities, the shareholders of Super Apps will receive an aggregate number of ordinary shares of TETE (the "Merger Consideration") with an aggregate value equal to: (a) one billion one hundred million U.S. Dollars ($1,100,000,000), minus (b) any Closing Net Indebtedness (as defined in the Merger Agreement), of which $235,000,000 will be paid at the closing of the Business Combination with the remaining $865,000,000 subject to the earn-out provisions set forth in the Merger Agreement.
The combined company projects revenue of approximately $348 Million for the financial year ending December 31, 2023.
Super Apps Holdings Sdn Bhd, a Malaysian private limited company (“Super Apps” or the “Company”), and Technology & Telecommunication Acquisition Corporation (“TETE”) (Nasdaq: TETE, TETEU and TETEW), a special purpose acquisition company, today announced that they have entered into a definitive agreement and plan of merger (the “Merger Agreement”) for a business combination (the “Business Combination”) that will result in Super Apps becoming a publicly listed company. Upon closing of the transaction, the combined company will be named TETE Technologies Inc. and is expected to remain listed on the Nasdaq Stock Market under the ticker symbol, "TETE". The transaction reflects an estimated pro forma enterprise value for the combined company of approximately $1.1 billion.
Super Apps entered into a share sale agreement with MobilityOne Sdn Bhd (“MobilityOne”), a wholly-owned subsidiary of AIM quoted MobilityOne Limited, pursuant to which Super Apps agreed to purchase 60% of MobilityOne’s ownership interest in OneShop Retail Sdn. Bhd. (“OneShop Retail”) in a transaction which will close prior to the consummation of the Business Combination. MobilityOne has developed an end-to-end e-commerce solution which connects various service providers across several industries such as banking, telecommunication and transportation through multiple distribution channels such as electronic data capture terminals, short messaging services, automated teller machines and Internet banking services.
MobilityOne currently has ownership of the intellectual property that OneShop Retail uses in its operations and, in connection with the closing of the Business Combination, MobilityOne will grant OneShop Retail a long term license for use of such intellectual property. MobilityOne’s technology platform is flexible, scalable and has been designed to facilitate cash, debit card and credit card transactions (according to the device) from multiple devices while controlling and monitoring the distribution of different products and services.
Super Apps and MYISCO Sdn Bhd (“MYISCO”), a wholly owned subsidiary of MyAngkasa Digital Services Sdn Bhd (“MDS”), a Malaysian private limited company led by Angkatan Koperasi Kebangsaan Malaysia (“ANGKASA”), entered into a collaboration agreement, which shall become effective upon closing of the Business Combination, allowing OneShop Retail, as the authorized bill payment collection and credit lending agency of ANGKASA, to operate its payment collection system through ANGKASA’s authorized dealers for the collection and remission of any payment of bills via cash payment, credit card, debit card or cheque. ANGKASA currently facilitates the monthly salary disbursements of its members under its salary deduction scheme.
Based upon the Company’s anticipated collaboration with
Super Apps Holdings will go public in the United States through a merger with a special purpose acquisition company in a deal that values the Malaysian payments technology firm at $1.1 billion, the companies said on Wednesday.
Before the deal with Technology & Telecommunication Acquisition Corporation closes, Super Apps will buy 60% of fintech firm MobilityOne's stake in OneShop Retail.
Proceeds from the merger will be used to expand headcount, Super Apps said. The combined company will be listed on Nasdaq and named TETE Technologies Inc.
The Technology & Telecommunication Acquisition SPAC listed in January, raking in $115 million in its initial public offering.
Do not be silly with company making news anyday my 1m is safe and adding for fonths 50p+