TenX Keane Acquisition registered with the SEC to offfer 5 million units at $10 each. A unit consists of one Class A ordinary share and one right to receive one-tenth of a share upon consummation of a business combination.
Maxim is the sole book-running manager for the offering. The underwriter has a 45-day option to purchase up to an additional 750,000 units to cover any over-allotments.
The SPAC is focused on companies in Asia.
TenX Keane is led by Executive Director and Chairman Xiaofeng Yuan, who founded 38Fule Group, a science and technology company.
The SPAC plans to apply for a Nasdaq listing under TENKU. Read more.
