Corporate ActionJun 8, 2026, 03:41 PM
Keystone Acquisition Corp. Closes $287.5M IPO and Private Placement
AI Summary
Keystone Acquisition Corp. announced the closing of its initial public offering (IPO) of 28,750,000 units, including the full exercise of the underwriters' over-allotment option, for aggregate gross proceeds of $287,500,000. The company also closed on a private placement of 8,468,750 warrants, generating an additional $8,468,750. Each unit consists of one Class A ordinary share and one-half of a redeemable warrant. The company is a blank check company targeting opportunities in US industrial development.
Key Highlights
- Keystone Acquisition Corp. completed its initial public offering (IPO) of 28,750,000 units at $10.00 per unit, raising $287,500,000.
- The IPO included the full exercise of the underwriters' over-allotment option, adding 3,750,000 units.
- The company also completed a private placement of 8,468,750 warrants for $1.00 each, generating $8,468,750 in gross proceeds.
- The Sponsor purchased 5,593,750 private placement warrants, and the Representatives purchased 2,875,000.
- Each unit consists of one Class A ordinary share and one-half of a redeemable warrant exercisable at $11.50.
- The company is a blank check company focused on innovation in US industrial development sectors.
Price Impact
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