Keyarch Acquisition Corporation Announces Separate Trading of Its Class A Common Shares, … | Your money

NEW YORK, March 01, 2022 (GLOBE NEWSWIRE) — Keyarch Acquisition Corporation (Nasdaq: KYCHU) (the “Company”) announced that effective March 3, 2022, unitholders of the Company will be able to elect to trade separately the Class A common shares shares, warrants and rights included in the units. All non-separated units will continue to trade on the Nasdaq Global Market (the “Nasdaq”) under the symbol “KYCHU”, and the common stock, warrants and separated Class A Rights are expected to trade on the Nasdaq under the symbols “KYCH,” “KYCHW” and “KYCHR,” respectively. No Fractional Warrants will be issued upon separation of Units and only whole Warrants will be traded. Unitholders should instruct their brokers to contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, to separate the Units into Class A common stock, warrants and rights.

The Units were originally offered by the Company on a bought deal basis. EarlyBirdCapital, Inc. and Haitong International Securities acted as joint bookrunners for the offering, and Revere Securities acted as co-manager. A registration statement relating to the Units and the underlying securities was declared effective by the Securities and Exchange Commission (the “SEC”) on January 24, 2022.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. prior to registration or qualification under the securities laws of such state or territory.

Caution Regarding Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. These forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances about which any statement is based.

Company Contact: Jing Lu Chief Financial Officer Keyarch Acquisition Corporation [email protected]

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