Corporate ActionJun 4, 2026, 08:06 PM
Keystone Acquisition Corp. Closes $288.2M IPO of 28.75M Units
AI Summary
Keystone Acquisition Corp. announced the closing of its initial public offering of 28,750,000 units, including the full exercise of the over-allotment option, at $10.025 per unit. Concurrently, the company completed a private placement of 8,468,750 warrants at $1.00 per warrant, generating $8,468,750. A total of $288,218,750 from these offerings was placed in trust. The blank check company aims to pursue business combinations in high-growth sectors related to innovation in U.S. industrial development.
Key Highlights
- Keystone Acquisition Corp. closed its initial public offering of 28,750,000 units.
- The IPO units were priced at $10.025 per unit, including over-allotment option.
- Underwriters exercised their over-allotment option for 3,750,000 units.
- Concurrently, a private placement of 8,468,750 warrants closed at $1.00 per warrant.
- The private placement generated gross proceeds of $8,468,750.
- $288,218,750 was placed in trust from the IPO and private placement proceeds.
- Each whole warrant is exercisable to purchase one Class A ordinary share at $11.50 per share.
Price Impact
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