DISTU News

Two small issuers began trading this past week, only one of which was large enough to be included in our IPO stats, as several deals postponed (SODR, MGRX) or delayed (TRNR, INTS, NRXS). Two SPACs also priced. Eight IPOs submitted initial filings, the largest of which plans to raise just $29 million, as well as one SPAC. The most notable news came from the pipeline, with...read more

Distoken Acquisition, a blank check company targeting the tech sector in Asia, raised $60 million by offering 6 million units at $10. Each unit consists of one share of common stock, one right to receive one-tenth of a share upon the completion of an initial business combination, and one warrant, exercisable at $11.50. The company is led by ...read more

Distoken Acquisition, a blank check company targeting the tech sector in Asia, raised the proposed deal size for its upcoming IPO on Friday. The Yunnan, China-based company now plans to raise $60 million by offering 6 million units at $10. The company had previously filed to offer 5 million shares at the same price, and originally planned to offer 4 million units before increasing...read more

Distoken Acquisition, a blank check company targeting the tech sector in Asia, raised the proposed deal size for its upcoming IPO on Monday. The company last updated its prospectus in December 2020. The Yunnan, China-based company now plans to raise $50 million by offering 5 million units at $10. The company had previously filed to offer 4 million units at the same price. Each...read more