New York, NY, Sept. 25, 2024 (GLOBE NEWSWIRE) -- TMT Acquisition Corp (Nasdaq: TMTCU, TMTC, and TMTCR) (the “Company”) announced today that if the proposal to amend the Company’s Amended and Restated Memorandum and Articles of Association, which provides that the Company may elect to extend the date by which the Company has to consummate a business combination (the “Combination Period”) for a total of up to five (5) times, as follow: (i) two (2) times for an additional three (3) months each time from March 30, 2024 to September 30, 2024 (the “First Extension Period”); and subsequently (ii) three (3) times, for an additional one (1) month each time, from September 30, 2024 to December 30, 2024 (the “Second Extension Period”), if requested by the Sponsor (as defined herein) and upon two calendar days’ advance notice prior to the applicable deadline (such proposal, the “Extension Amendment Proposal”), is approved at the Company’s previously announced extraordinary general meeting, as subsequently postponed or adjourned (the “Meeting”), and the extension is implemented, its sponsor, 2TM Holding LP, or its sponsor’s designees will contribute to the Company as a loan $140,000 for each month during the additional one (1) month extensions in the Second Extension Period from September 30, 2024 to December 30, 2024 (“Contribution”), that is needed to complete an initial business combination. In addition, if the Extension Amendment Proposal is approved, the funds held in the Trust Account shall not be used to pay dissolution expenses.

Each Contribution will be deposited in the Company’s trust account on or prior to the date of the applicable deadline. Any Contribution is conditioned upon the implementation of the Extension Amendment Proposal. No Contribution will occur if the Extension Amendment Proposal is not approved. The amount of each Contribution will not bear interest to the sponsor as a loan and will be repayable by the Company to the sponsor or its designees upon consummation of the business combination. If the Company opts not to utilize any remaining portion of the extensions, then the Company will liquidate and dissolve promptly in accordance with its Amended and Restated Memorandum and Articles of Association, and the sponsor’s obligation to make additional contributions will terminate.

The record date for determining the Company shareholders entitled to receive notice of and to vote at the Meeting remains the close of business on August 30, 2024 (the “Record Date”). Shareholders as of the Record Date can vote, even if they have subsequently sold their shares. Shareholders who have previously submitted their proxies or otherwise voted and who do not want to change their vote need not take any action. Shareholders who have not yet done so are encouraged to vote as soon as possible.