Corporate ActionJun 2, 2026, 04:36 PM
Keystone Acquisition Prices $250M IPO of 25M Units at $10.00
AI Summary
Keystone Acquisition Corp. announced the pricing of its initial public offering of 25,000,000 units at $10.00 per unit, generating aggregate gross proceeds of $250,000,000. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with warrants exercisable at $11.50 per share. The units are expected to begin trading on The Nasdaq Global Market under "KEYYU" on June 3, 2026, with separate trading of shares and warrants to follow under "KEYY" and "KEYYW." The offering is anticipated to close on June 4, 2026. Keystone Acquisition Corp. is a blank check company focused on business combinations in high-growth sectors related to innovation in U.S. industrial development.
Key Highlights
- Initial public offering priced at $10.00 per unit.
- 25,000,000 units offered, raising $250,000,000 in gross proceeds.
- Each unit comprises one Class A ordinary share and one-half of one redeemable warrant.
- Each whole warrant allows purchase of one Class A ordinary share at $11.50.
- Units expected to trade on Nasdaq under "KEYYU" starting June 3, 2026.
- Class A shares and warrants to trade separately under "KEYY" and "KEYYW" respectively.
- Offering expected to close on June 4, 2026, subject to customary conditions.
- Company is a blank check company targeting high-growth U.S. industrial sectors.
Price Impact
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