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Chinese Investment Firm-Backed Tech SPAC Keyarch Acquisition Prices US$100 Million IPO

January 26, 2022
Source: thedeepdive.ca thedeepdive.ca
News Snapshot:
Chinese Investment Firm-Backed Tech SPAC Keyarch Acquisition Prices US$100 Million IPO Special purpose acquisition company Keyarch Acquisition Corporation (Nasdaq: KYCHU) started trading its securities on the Nasdaq Global Market today. The firm priced its initial public offering, aiming to raise total proceeds of US$100.0 million. The offering will entail selling 10.0 million units priced at US$10.00 per unit. Each unit is composed of one Class A common share, one-half of a redeemable warrant, and one-tenth of a right. Each whole warrant is exercisable to purchase one common share at US$11.50 per share, while each whole right equates to one common...
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China Tech Buzz Topics: acquisition | ASIA | author | Beijing | Business | capital | Casino | CEO | chairman | China | Chinese | Economy | Hong Kong | initial public offering | international | investment | ipo | Israel | IT | Macau | Shanghai | SPAC | stock market | technology

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