Keen Vision Acquisition Corp. announced the pricing of its $130 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “KVACU” on Tuesday, July 25, 2023.
The company intends to seek companies focused on biotechnology, consumer goods, or agriculture, supported with strong ESG imperatives. Keen Vision is led by Chairman and CEO Kenneth Ka Chun Wong, and CFO Alex Davidkhanian.
Total SPAC deal count for 2023 year-to-date is now 20. This offering is expected to close on Thursday, July 27, 2023.
EF Hutton, division of Benchmark Investments, LLC (“EF Hutton”) and Brookline Capital Markets, a division of Arcadia Securities, LLC are acting as joint book-running managers for the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Nelson Mullins Riley & Scarborough LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
At the SPAC of Dawn This week ends with an unusually busy earnings calendar as 172 US-listed companies report quarterly figures today. Among them is Exela Technologies (NASDSAQ:XELA), which just completed its combination with CF VIII on November 29. The billing software company reported $272.9 million in revenue and $40.9 million in adjusted EBITDA in...
FG Merger III Corp. filed for a $150 million IPO yesterday afternoon, marking the third SPAC to file on Wednesday. Similar to Blue Room (NASDAQ:IBLUU), which filed its $200 million IPO yesterday morning, FG Merger III intends to focus its search for a target business in the financial services industry in North America. Notably, FG...
10X Capital Venture Acquisition Corp. II (NASDAQ:VCXA) announced that it has completed its business combination with African Agriculture after shareholders approved the deal at a special meeting held on December 5. In connection with the meeting, 10X II received redemption requests for 1,857,033 Class A ordinary shares, representing 98.7% in aggregate redemptions since 10X II’s...
At the SPAC of Dawn The latter half of 2023 has largely told a story of retrenchment in the SPAC market as much of the excess in the domain has found itself terminating and liquidating. But, the increase in outgoing has not completely canceled out the boom in incoming as three new SPACs filed to...
TechyBird Acquisition Corp. (NASDAQ:TKBD) filed for a $60 million IPO today, putting it in line to become the second 2023 IPO from an underwriter that is relatively new to the SPAC space. That underwriter, Spartan Capital Securities, brought Aimei Health Technology (NASDAQ:AFJK) to market last week with similar terms as this new member to its...