UPDATE: IPO for SPAC Keyarch Acquisition (KYCH) Opens at $9.93

January 25, 2022 10:35 AM EST

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(Updated - January 25, 2022 10:36 AM EST)

Today's IPO for SPAC Keyarch Acquisition Corporation (NASDAQ: KYCHU) (NASDAQ: KYCH) opened for trading at $9.93 after pricing 10,000,000 units at a price of $10.00 per unit.

The Company was formed by Keyarch Global Sponsor Limited for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company 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, but may pursue a target in any stage of its corporate evolution or in any industry, sector or geographic location. However, the Company will not undertake its initial business combination with any entity that is based in, located in or with its principal business operations in China (including Hong Kong and Macau).

EarlyBirdCapital, Inc. and Haitong International Securities are acting as joint book-running managers for the offering, and Revere Securities is acting as co-manager.

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