Keyarch Acquisition Corporation Announces the Separate Trading of its Class A Ordinary Shares, Warrants and Rights Commencing March 3, 2022
02 March 2022 - 6:46AM
Keyarch Acquisition Corporation (Nasdaq: KYCHU) (the
“Company”) announced that, commencing March 3, 2022, holders of the
Company’s units may elect to separately trade the Class A ordinary
shares, warrants and rights included in the units. Any units not
separated will continue to trade on The Nasdaq Global Market (the
“Nasdaq”) under the symbol “KYCHU,” and the separated Class A
ordinary shares, warrants and rights are expected to trade on the
Nasdaq under the symbols “KYCH,” “KYCHW” and “KYCHR,” respectively.
No fractional warrants will be issued upon separation of the units
and only whole warrants will trade. Unit holders will need to have
their brokers contact Continental Stock Transfer & Trust
Company, the Company’s transfer agent, in order to separate the
units into Class A ordinary shares, warrants and rights.
The units were initially offered by the Company
in an underwritten offering. EarlyBirdCapital, Inc. and Haitong
International Securities acted as joint book-running managers for
the offering, and Revere Securities acted as co-manager. A
registration statement relating to the units and the underlying
securities was declared effective by the Securities and Exchange
Commission (the “SEC”) on January 24, 2022.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
Cautionary Note Concerning Forward
Looking Statements
This press release includes forward-looking
statements that involve risks and uncertainties. Forward looking
statements are statements that are not historical facts. Such
forward-looking statements are subject to risks and uncertainties,
which could cause actual results to differ from the forward looking
statements. The Company expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company's expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based.
Company Contact:Jing LuChief Financial
OfficerKeyarch Acquisition Corporationjlu@keywisecapital.com
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