TKK Symphony Acquisition, a blank check company formed to acquire a consumer products business in China, filed and announced terms for its IPO on Monday.
The Admiralty, Hong Kong-based company plans to raise $200 million by offering 20 million units at a price of $10. Each unit will consist of one share of common stock, one warrant to purchase onf half of one share of common stock, and one right to receive one tenth of one share of common stock. At that price, TKK Symphony Acquisition would command a market value of $252 million.
TKK Symphony Acquisition was founded in 2018 and plans to list on the Nasdaq under the symbol TKKSU. EarlyBirdCapital is the sole bookrunner on the deal. No pricing terms were disclosed.
