Keyarch Acquisition Corporation Announces Closing of $100 Million Initial Public Offering

Jan 28, 2022

NEW YORK, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Keyarch Acquisition Corporation (Nasdaq: KYCHU) (the “Company”) announced today the closing of its initial public offering of 10,000,000 units at a price of $10.00 per unit. The Company granted the underwriters a 45-day option to purchase up to 1,500,000 units to cover over-allotments, if any. Total gross proceeds from the offering were $100 million before deducting underwriting discounts and commissions and other offering expenses payable by the Company.

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