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Keyarch Acquisition Corporation (KYCHU) Prices 10M Unit IPO at $10/unit

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Keyarch Acquisition Corporation Announces Pricing of $100 Million Initial Public Offering

January 24, 2022 9:33 PM EST

NEW YORK, Jan. 24, 2022 (GLOBE NEWSWIRE) -- Keyarch Acquisition Corporation (the Company) announced today that it priced its initial public offering of 10,000,000 units at a price of $10.00 per unit. The Company has granted the underwriters a 45-day option to purchase up to 1,500,000 units to cover over-allotments, if any. The units are expected to commence trading on January 25, 2022 on The Nasdaq Global Market (Nasdaq) and trade under the ticker symbol KYCHU. Each unit consists of one Class A ordinary share of the Company, one-half of one redeemable warrant and one right to receive one-tenth of one Class A ordinary share. Each whole... More