Full Press Release Details
Keane Acquisition Announces Pricing of $60 Million Initial Public Offering
York, October 13, 2022 (GLOBE NEWSWIRE) - 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.
Group LLC is acting as the sole book-running manager for the offering.
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.
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.
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.
TenX Keane Acquisition
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.
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.
Financial Officer and Director