secwatch.observer — SEC 8-K summary
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Issuer:     Keyarch Acquisition Corp (—)
CIK:        0001865701
Form:       8-K
Filed at:   2024-04-10T23:59:59+00:00
Accession:  0001213900-24-031867
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.01, 3.03, 5.01, 2.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Keyarch closes business combination with ZOOZ Power; ZOOZ shares begin trading on Nasdaq
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- ZOOZ ordinary shares and warrants commenced trading on Nasdaq on April 5, 2024, under ZOOZ and ZOOZW.
- 2,010,480 Keyarch public shares were redeemed in connection with the closing.
- Keyarch became a wholly-owned subsidiary of ZOOZ; all Keyarch directors/officers resigned, replaced by ZOOZ-appointed directors.
- Warrant agreements were assumed and amended to reference ZOOZ ordinary shares instead of Keyarch shares.
- Keyarch agreed to pay EarlyBirdCapital $1.5M business combination marketing fee, part via promissory note secured by escrowed sponsor shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865701/000121390024031867/0001213900-24-031867-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865701/000121390024031867/ea0203514-8k_keyarch.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-031867

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