Distoken Acquisition Corp.

General Information
Business:

We intend to focus our search on businesses in the technology industry with their primary operations in Asia and an enterprise value between $100 million and $200 million. We believe that we will add value to these businesses primarily by providing them with access to the U.S. capital markets.

We will seek to capitalize on the strength of our management team. Our team consists of experienced professionals and operating executives. Collectively, our officers and directors have significant experience in mergers and acquisitions, and operating companies, in the Asian markets.

(Note: Distoken Acquisition Corp. (DISTU) announced the pricing of its SPAC IPO on Wednesday, Feb. 15, 2023, at 12:08 p.m. EST – 6.0 million units at $10.00 each to raise $60.0 million. The NASDAQ trade date was the same day: Wednesday, Feb. 15, 2023. Each unit consisted of one ordinary share, one redeemable warrant and one right. Each warrant entitles the holder to purchase one ordinary share at an exercise price of $11.50 per share. Each right entitles the holder to receive one-tenth of one ordinary share upon the consummation of the Company’s initial business combination. Once the securities comprising the units began separate trading, the ordinary shares, warrants and rights traded on Nasdaq under the symbols “DIST,” “DISTW” and “DISTR,” respectively. Distoken Acquisition Corp. became the sixth SPAC IPO priced so far in 2023.)

(Note: Distoken Acquisition Corp. increased the size of its SPAC IPO by 20 percent to 6.0 million units – up from 5.0 million units – at $10.00 each – to raise $60.0 million, according to an S-1/A filing dated Feb. 2, 2023. Distoken Acquisition Corp. filed its S-1 on Sept. 15, 2020.)

Industry: BLANK CHECKS
Employees: 0
Founded: 2020
Contact Information
Address Unit 1006, Block C, Jinshangjun Park No. 2 Xiaoba Road, Panlong District Kunming, Yunnan, China
Phone Number +86 871 63624579
Web Address
View Prospectus: Distoken Acquisition Corp.
Financial Information
Market Cap $78.2mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol DISTU
Exchange NASDAQ
Shares (millions): 6.0
Price range $10.00 - $10.00
Est. $ Volume $60.0 mil
Manager / Joint Managers I-Bankers Securities Inc./ IB Capital LLC
CO-Managers -
Expected To Trade: 2/15/2023
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change