Distoken Acquisition today priced its initial public offering of 6 million units at $10 each. Units are expected to be listed on the Nasdaq under the symbol DISTU. Each consists of one ordinary share, a warrant and one right. Each right entitles the holder to one-tenth of a share upon the consummation of a business combination.
Once the securities begin separate trading, shares, warrants and rights are expected to list under the symbols DIST, DISTW and DISTR, respectively.
The Asia-focused SPAC initially registered the offering with the SEC in September 2020, which at the time was expected to include 4 million units.
Distoken is led by Chairman and CEO Jian Zhang, who is a director or executive at several technology and investment firms.
I-Bankers Securities and IB Capital are joint book-running managers. Read more.
