other material
confidence high
sentiment neutral
materiality 0.60
TenX Keane Acquisition closes $66M IPO; $67.3M placed in trust for business combination
CITIUS ONCOLOGY, INC.
- IPO of 6,600,000 units at $10/unit (including 600,000 over-allotment units) for gross proceeds of $66,000,000.
- Private placement of 394,000 placement units to sponsor at $10/unit, raising additional $3,940,000.
- Total $67,320,000 deposited into trust account for the benefit of public shareholders.
- Units trade on Nasdaq as TENKU; shares as TENK; rights as TENKR.
- Maxim Group LLC acted as sole book-running manager; IPO closed October 18, 2022.