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TenX Keane Acquisition (NASDAQ:TENKU) announced the closing of its initial public offering (IPO) of 6,600,000 units at an offering price of $10.00 per unit, generating $66,000,000 in gross proceeds. The IPO included a partial exercise of the underwriter's over-allotment option for 600,000 units. Each unit consists of one ordinary share and one right, with rights entitling holders to receive two-tenths of one share upon the initial business combination. The units began trading on NASDAQ under the symbol TENKU on October 14, 2022.
TenX Keane Acquisition has successfully priced its initial public offering (IPO) at $10.00 per unit, totaling 6,000,000 units. Each unit includes one ordinary share and a right to receive two-tenths of one ordinary share upon completing the Company's initial business combination. Trading under the ticker symbol TENKU begins on October 14, 2022, on the Nasdaq Global Market. The underwriter, Maxim Group LLC, has a 45-day option to purchase an additional 900,000 units. The offering is slated to close on October 18, 2022, pending customary closing conditions.