Keystone Acquisition Prices $250 Mln IPO At $10/Unit

India, June 3 -- Keystone Acquisition Corp. (KEYYU) on Tuesday announced the pricing of its initial public offering of 25 million units at $10 per unit.

The offering is expected to close on Thursday.

The gross proceeds from the offering are expected to be $250 million.

The company said that each unit consists of one Class A ordinary share and one-half of one redeemable warrant.

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Each whole warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share.

The units are expected to begin trading on the Nasdaq Global Market on Wednesday under the ticker symbol KEYYU.

Once the securities comprising the units begi...