InvestmentMay 28, 2026, 05:17 PM
Keystone Acquisition Corp. Amends S-1 for $250M IPO
AI Summary
Keystone Acquisition Corp., a blank check company, filed an amendment to its S-1 registration statement for an initial public offering of 25,000,000 units at $10.00 each, aiming to raise $250,000,000. Each unit includes one Class A ordinary share and one-half of one redeemable warrant, with warrants exercisable at $11.50 per share. The company intends to target high-growth sectors related to innovation in U.S. industrial development, including energy transition, semiconductors, and digital infrastructure, and has 21 months to complete a business combination.
Key Highlights
- Initial public offering of 25,000,000 units at $10.00 per unit, totaling $250,000,000.
- Each unit comprises one Class A ordinary share and one-half of one redeemable warrant.
- Warrants are exercisable at $11.50 per share, becoming active 30 days post-business combination.
- $250,625,000 ($10.025 per unit) will be placed into a U.S.-based trust account.
- Sponsor and underwriters to purchase 7,625,000 private placement warrants at $1.00 each.
- Company targets high-growth sectors like energy transition, semiconductors, and digital infrastructure.
- Sponsor acquired 9,583,333 founder shares for $25,000, or approximately $0.003 per share.
- Company has 21 months from closing to complete an initial business combination.
Price Impact
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