Keyarch Acquisition Corporation Announces Full Exercise of Overallotment Option in Connection with its Initial Public Offering

Feb 08, 2022

NEW YORK, Feb. 08, 2022 (GLOBE NEWSWIRE) -- Keyarch Acquisition Corporation (Nasdaq: KYCHU) (the “Company”) announced today the closing of the overallotment option that the underwriters of its previously announced initial public offering exercised in full. The full exercise of the overallotment option resulted in the issuance of an additional 1,500,000 units at a public offering price of $10.00 per unit. After the closing of the over-allotment option, an aggregate of 11,500,000 units have been offered to the public at an aggregate offering price of $115,000,000.

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