TenX Keane Acquisition Announces Pricing of $60 Million Initial Public Offering
October 13 2022 - 6:00PM
TenX Keane Acquisition (the “Company”), a newly incorporated blank
check company incorporated as a Cayman Islands exempted company
formed for the purpose of effecting a merger, share exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses, today announced the
pricing of its initial public offering of 6,000,000 units at an
offering price of $10.00 per unit, with each unit consisting of one
ordinary share and one right. Each right entitles the holder
thereof to receive two-tenths (2/10) of one ordinary share upon
consummation of the Company’s initial business combination. The
units are expected to trade on the Nasdaq Global Market (“Nasdaq”)
under the ticker symbol “TENKU” beginning on October 14, 2022. Once
the securities comprising the units begin separate trading, the
ordinary shares and rights will be traded on Nasdaq under the
symbols “TENK” and “TENKR,” respectively.
Maxim Group LLC is acting as the sole
book-running manager for the offering.
The Company has granted the underwriter a 45-day
option to purchase up to 900,000 additional units at the initial
public offering price to cover over-allotments, if any. The
offering is expected to close on October 18, 2022, subject to
customary closing conditions.
A registration statement on Form S-1 (File No.
333-256271) (the “Registration Statement”) relating to the
securities to be sold in the initial public offering was declared
effective by the U.S. Securities and Exchange Commission (the
“SEC”) on October 13, 2022. The offering is being made only by
means of a prospectus. When available, copies of the prospectus
relating to this offering may be obtained from Maxim Group LLC, 300
Park Avenue, 16th Floor, New York, NY 10022, or by accessing
the SEC’s website, www.sec.gov.
This press release shall not constitute an offer
to sell or a 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.
About TenX Keane
Acquisition
TenX Keane Acquisition is a blank check company,
also commonly referred to as a special purpose acquisition company,
or SPAC, formed for the purpose of effecting a merger, share
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses.
Forward-Looking Statements
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the Company’s initial public offering and search for an initial
business combination. No assurance can be given that the offering
discussed above will be completed on the terms described, or at
all. Forward-looking statements are subject to numerous conditions,
many of which are beyond the control of the Company, including
those set forth in the Risk Factors section of the Registration
Statement and related preliminary prospectus filed with the SEC.
Copies are available on the SEC's website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
Contact Information:Taylor ZhangChief
Financial Officer and DirectorEmail: tzhang@ascendantga.comTel:
(347) 627-0058
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