CEO Loo See Yuen Controls 52.66% of Bradbury Capital After $1.1B SPAC Merger
BBCI is trading near its 52-week low of $3.5 (11% above the low).
Summary
Bradbury Capital completed its SPAC merger on October 6, 2026, with CEO Loo See Yuen controlling 52.66% of shares through entities he owns. His shares are locked up for six months until April 2027.
Key Events · Ownership and Investor Activity · BBCI
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Business Combination Completed
Technology & Telecommunication Acquisition Corporation completed its merger with TETE Technologies Inc. on October 6, 2026, forming Bradbury Capital Inc., which began trading on Nasdaq under BBCI on October 7, 2026.
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CEO Holds 52.66% Beneficial Ownership
Loo See Yuen, CEO and Director, beneficially owns 14,725,000 shares (52.66%) through Bradbury Private Investment XVIII (14,100,000 shares) and Bradbury Private Equity Fund E (625,000 shares), giving him majority voting control.
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Closing Payment Shares Issued at $10.00
The merger consideration was $1.1 billion in 110,000,000 shares valued at $10.00 per share, with $235 million (23,500,000 shares) paid at closing and $865 million subject to earn-out provisions.
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PIPE Investment at $8.00 Per Share
Bradbury Private Equity Fund E purchased 625,000 shares at $8.00 per share for $5,000,000 in a private placement concurrent with the closing.
Analysis · BBCI · Trade & Services
This Schedule 13D discloses the completion of a $1.1 billion business combination that took Bradbury Capital public on Nasdaq on October 7, 2026. CEO Loo See Yuen emerges with 52.66% beneficial ownership through two entities he controls, giving him majority voting power over the newly public company. The filing also reveals a six-month lock-up on his shares until April 2027, which temporarily prevents any insider selling pressure. The $235 million in closing payment shares were issued at $10.00 per share, but the stock now trades at $3.88 — a 61% decline from the deal's reference price, suggesting significant post-merger value erosion. The PIPE investor paid $8.00 per share for 625,000 shares, also above the current market price. This concentration of control and the gap between deal pricing and current trading levels are material for investors assessing governance and valuation.
How filings like this one have moved
In the 30 days to Oct 29, 2026, 39% of the 991 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BBCI was trading at $3.88 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $13.3M. The 52-week trading range was $3.50 to $15.50. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.