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Distoken Acquisition Corporation (NASDAQ: DISTU) announced that its units will cease trading on March 30, 2023. The company's ordinary shares, rights, and warrants will start trading separately under the new symbols: DIST, DISTR, and DISTW. This separation process is mandatory and requires no action from unit holders. The units were part of an underwritten initial public offering, led by I-Bankers Securities, Inc. and IB Capital LLC, with a registration statement declared effective by the SEC on February 13, 2023. Distoken aims to focus on technology sector acquisitions primarily in Asia.
Distoken Acquisition Corporation (Nasdaq: DISTU) has successfully closed its initial public offering (IPO) of 6,900,000 units at $10.00 each, including 900,000 over-allotment units. Trading commenced on February 15, 2023, under the symbol DISTU. Each unit comprises one ordinary share, one redeemable warrant, and one right. The warrants allow for the purchase of one ordinary share at an exercise price of $11.50. The offering's registration statement was effective as of February 13, 2023. The company intends to focus on potential merger opportunities within the technology sector, specifically targeting businesses in Asia.
Distoken Acquisition Corporation (Nasdaq: DISTU) announced the pricing of its initial public offering (IPO) of 6,000,000 units at $10.00 per unit, starting February 15, 2023. Each unit comprises one ordinary share, one redeemable warrant, and one right. The warrants can be exercised for one ordinary share at $11.50. The company has granted underwriters a 45-day option to purchase up to 900,000 additional units. Distoken, a SPAC, aims to pursue a merger or acquisition primarily in the technology sector within Asia, excluding variable interest entity structures. The registration statement for this offering was declared effective by the SEC on February 13, 2023.
