Keyarch Acquisition priced its initial public offering of 10 million units at $10 each. The units begin trading today on the Nasdaq under the ticker symbol KYCHU. Each consists of one Class A ordinary share, one-half of a warrant and one right to receive one-tenth of a share.
Once the securities begin separate trading, shares, warrants and rights are expected to be listed under the symbols KYCH, KYCHW and KYCHR, respectively.
The SPAC intends to focus its search for a target on disruptive technology and innovative services companies in developed economies such as the U.S. and Israel, and Southeast Asia, excluding China, Hong Kong and Macau.
EarlyBirdCapital and Haitong International Securities are joint book-running managers for the offering, and Revere Securities is co-manager. Read more.
