Update on Proposed Joint Venture with Super Apps
MobilityOne Limited
07 October 2026
7 October 2026
MobilityOne Limited
(“MobilityOne”, the “Company” or the “Group”)
Further update on Proposed Joint Venture with Super Apps
Completion of Merger Exercise
MobilityOne (AIM: MBO), the e-commerce infrastructure payment solutions and platform provider, notes that, on 6 October 2026, a Form 8-K report was filed by Bradbury Capital Inc. (“Bradbury Capital”) (formerly known as Tete Technologies Inc.), a wholly owned subsidiary of Technology & Telecommunication Acquisition Corporation (“TETE”), (the “Bradbury Capital Filing”) which is available for viewing on the United States Securities and Exchange Commission’s website (“SEC”).
The Bradbury Capital Filing notes, amongst other matters, the completion of the Merger Exercise and the anticipated commencement of trading of Bradbury Capital’s ordinary shares and warrants on Nasdaq later today.
M1 Malaysia, a wholly owned subsidiary of the Company, is expected to receive the following consideration from Super Apps as follows:
RM40.0 million (c. £6.84 million) in cash within 14 days upon completion of the Merger Exercise; and
RM20.0 million (c. £3.42 million) in cash within 180 days upon completion of the Merger Exercise.
Part of the text of Bradbury Capital’s announcement is set out below:
“On October 6, 2026, Technology & Telecommunication Acquisition Corporation, a Cayman Islands exempted company (the “SPAC”) and TETE Technologies Inc. (the “Company”), completed a business combination (the “Business Combination”) with Bradbury Capital Holdings Inc., a Cayman Islands exempted company (“Bradbury Holdings”). Upon the closing of the Business Combination, the Company changed its name to Bradbury Capital Inc.
As a result of the Business Combination, the Company’s ordinary shares and warrants are expected to begin trading on Nasdaq under the symbols BBCI and BBCIW, as applicable, effective October 7, 2026.
The Business Combination was completed pursuant to the Amended and Restated Agreement and Plan of Merger dated as of August 2, 2023, by and among the SPAC, the Company, Bradbury Holdings and the other parties thereto.
On October 6, 2026, the Company issued a press release announcing the Closing. A copy of the press release is attached hereto as Exhibit 99.1.
The SPAC and Bradbury Holdings are parties to a subscription agreement (collectively, the “Subscription Agreements”) with an investor (the “PIPE Investor”) pursuant to which the PIPE Investor purchased 625,000 Ordinary Shares of the Company for an aggregate purchase price of US$5,000,000. The private placement was consummated substantially concurrently with the Closing. Loo See Yuen, our Chief Executive Officer and Director, serves as a director of the PIPE Investor and is its sole shareholder.”
The Company will release further announcements as and when appropriate.
Unless otherwise defined herein, the capitalised defined terms used in this announcement have the same meaning as those used in the Company’s announcement on 19 October 2022.
For further information, please contact:
MobilityOne Limited+6 0389963600
Dato’ Hussian A. Rahman, CEOwww.mobilityone.com.my
har@mobilityone.com.my
Allenby Capital Limited
(Nominated Adviser and Broker)+44 2033285656
Nick Athanas / Vivek Bhardwaj
About the Group:
MobilityOne is one of the leading virtual distributors of mobile prepaid reload and bill payment services in Malaysia. With connections to various service providers across industries such as banking, telecommunications, utilities, government agencies, and transportation, the Group operates through multiple distribution channels including mobile wallets, e-commerce sites, EDC terminals, automated teller machines, kiosks, and internet & mobile banking. Holding licenses in regulated spaces including acquiring, e-money, remittance and lending, the Group offers a range of services to the market, including wallet, internet, and terminal-based payment services, white label e-money, remittance, lending, and custom fintech ecosystems for communities. The Group's flexible, scalable technology platform enables cash, debit card, and credit card transactions from multiple devices while providing robust control and monitoring of product and service distribution.
For more information, refer to our website at www.mobilityone.com.my
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