Asia-Focused TenX Keane Prices $60M IPO

TenX Keane Acquisition priced its initial public offering of 6 million units at $10 each, with each unit consisting of one ordinary share and one right. Each right entitles the holder to receive two-tenths of one share upon completion of a merger.

The units began trading today on the Nasdaq under the ticker symbol “TENKU.” Once the securities begin separate trading, shares and rights will list under the symbols “TENK” and “TENKR,” respectively.

Maxim Group is sole book-running manager for the offering.

The SPAC is focused on companies in Asia with an enterprise value of $200 million to $600 million, excluding companies located or operating in mainland China, Hong Kong or Macau. Read more.

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