secwatch.observer — SEC 8-K summary
======================================

Issuer:     Distoken Acquisition Corp (—)
CIK:        0001818605
Form:       8-K
Filed at:   2023-02-17T23:59:59+00:00
Accession:  0001104659-23-023349
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Distoken Acquisition Corp closes IPO of 6.9M units at $10/unit, gross $69M
--------------------------------------------------------------------------

- Closed IPO of 6,900,000 units (incl. full over-allotment) at $10.00 per unit; gross proceeds $69M.
- Private placement of 545,000 units to sponsor at $10/unit, raising $5.45M; no underwriting discounts.
- Net IPO and placement proceeds of $70.38M deposited in trust account for future business combination.
- Company will focus on technology businesses in Asia; no VIE structure used in any combination.
- Units trade on Nasdaq (DISTU); ordinary shares, warrants, rights to trade separately under DIST, DISTW, DISTR.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818605/000110465923023349/0001104659-23-023349-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818605/000110465923023349/tm237270d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-023349

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer