Corporate ActionJun 4, 2026, 03:16 PM
Keystone Acquisition IPO Closes, Raises $287.5M
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 $10.00 per unit, raising $287.5 million. Concurrently, the company closed a private placement of 8,468,750 warrants at $1.00 per warrant, generating $8,468,750. A total of $287.5 million from the offerings was placed in trust. Keystone Acquisition Corp. is a blank check company focused on high-growth sectors related to innovation in United States industrial development.
Key Highlights
- Initial Public Offering of 28,750,000 units closed.
- IPO priced at $10.00 per unit, raising $287.5 million.
- Includes 3,750,000 units from underwriters' over-allotment option.
- Concurrent private placement of 8,468,750 warrants at $1.00 each.
- Private placement generated $8,468,750 in gross proceeds.
- $287.5 million (or $10.00 per public unit) placed in trust.
- Company is a SPAC targeting innovation in US industrial development.
Price Impact
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