Current Report Filing (8-k)
21 April 2023 - 06:16AM
Edgar (US Regulatory)
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2023-04-18 2023-04-18 0001865701
KYCH:ClassOrdinarySharesIncludedAsPartOfUnitsMember 2023-04-18
2023-04-18 0001865701
KYCH:RedeemableWarrantsIncludedAsPartOfUnitsEachWholeWarrantExercisableForOneClassOrdinaryShareAtExercisePriceOf11.50Member
2023-04-18 2023-04-18 0001865701
KYCH:RightsToReceiveOnetenthOfOneClassOrdinaryShareIncludedAsPartOfUnitsMember
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xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
April 18, 2023
Keyarch Acquisition Corporation
(Exact name of registrant as specified in its charter)
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Cayman Islands |
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001-41243 |
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98-1600074 |
(State
or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS
Employer
Identification No.) |
275 Madison Avenue,
39th Floor
New York,
NY
10016
(Address of principal executive offices, including zip code)
Registrant’s telephone number, including area code:
914-434-2030
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
|
☐ |
Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425) |
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☐ |
Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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☐ |
Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
| |
|
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☐ |
Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Title of each
class |
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Trading Symbol(s)
|
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Name of each exchange on which
registered |
| |
|
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Units, each consisting of one Class A Ordinary Share, $0.0001 par
value, one-half of one redeemable warrant and one
right |
|
KYCHU |
|
The
Nasdaq Stock Market LLC |
|
Class A Ordinary Shares included as part of the
units |
|
KYCH |
|
The
Nasdaq Stock Market LLC |
|
Redeemable warrants included as part of the units, each whole
warrant exercisable for one Class A Ordinary Share at an exercise
price of $11.50 |
|
KYCHW |
|
The
Nasdaq Stock Market LLC |
| Rights
to receive one-tenth of one Class A Ordinary Share included as part
of the units |
|
KYCHWR |
|
The
Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☒
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Item 1.01 Entry into a Material Definitive Agreement
On April 18, 2023, Keyarch Acquisition Corporation (the
“Company”) issued a promissory note (the “Note”) in
the principal amount of up to $250,000 to Keyarch Global Sponsor
Limited, a Cayman Islands limited liability company and the
Company’s sponsor (the “Payee”). The Note was issued in
connection with advances the Payee has made, and may make in the
future, to the Company for working capital expenses. The Note bears
no interest and is due and payable upon the earlier to occur of (i)
the date on which the Company consummates its initial business
combination and (ii) the date that the winding up of the Company is
effective.
The foregoing description is qualified in its entirety by reference
to the Note, a copy of which is attached as Exhibit 10.1 hereto and
is incorporated herein by reference.
Item 2.03. Creation of a Direct Financial Obligation or an
Obligation Under an Off-balance Sheet Arrangement of a
Registrant.
The disclosure contained in Item 1.01 of this Current Report on
Form 8-K is incorporated by reference in this Item 2.03.
Item 9.01. Financial Statements and Exhibits.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
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KEYARCH
ACQUISITION CORPORATION |
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|
|
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By: |
/s/ Kai Xiong |
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Name: |
Kai
Xiong |
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Title: |
Chief Executive Officer and
Director |
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|
|
| Dated: April 20, 2023 |
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2
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