NEW YORK, NEW YORK, June  02, 2026  (GLOBE NEWSWIRE) --  Keystone Acquisition Corp. (NASDAQ:KEYY) (the &#34;Company&#34;) today announced the pricing of its initial public offering of 25,000,000 units at a public offering price

KEYY

Keystone Acquisition Corp. Announces Pricing of $250 Million Initial Public Offering

Keystone Acquisition prices $250 million SPAC IPO; KEYY to list as KEYYU

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>NEW YORK, NEW YORK, June  02, 2026  (GLOBE NEWSWIRE) --  Keystone Acquisition Corp. (NASDAQ:KEYY) (the &amp;#34;Company&amp;#34;) today announced the pricing of its initial public offering of 25,000,000 units at a public offering price</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Keystone Acquisition priced its IPO at $10 per unit, selling 25 million units for $250 million in gross proceeds. Each unit contains one Class A share and a half-warrant, with full warrants exercisable at $11.50. Units will trade as KEYYU starting June 3, 2026, with KEYY and KEYYW listed after the split, as the SPAC pursues a future business combination across energy transition, critical minerals, semiconductors, and digital infrastructure.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Keystone priced 25,000,000 units at $10 each, $250 million gross.</li><li>Each unit includes one Class A share and 1/2 warrant.</li><li>Warrants exercisable at $11.50; KEYYU to trade June 3.</li><li>SPAC targets energy transition, minerals, semiconductors, data centers, and digital assets.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Keystone Acquisition Corp. (KEYY)</strong>: SPAC aiming for a merger or similar business combination; primary subject of the offering.</li><li><strong>Cohen &amp; Company Capital Markets (N/A)</strong>: Lead book-running manager for the offering; supports pricing and regulatory process.</li><li><strong>Cohen &amp; Company Securities, LLC (N/A)</strong>: Affiliated unit assisting with capital markets communications and prospectus distribution.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. This is a SPAC IPO with planned future business combination, making deal quality and timeline the key driver of value.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>IPO pricing establishes a base for Keystone&#039;s future deal trajectory.</li><li>KEYYU trading start and split into KEYY/KEYYW may cause near-term volatility.</li><li>SPAC focus on energy transition, minerals, and semiconductors shapes potential targets.</li><li>Lead underwriter Cohen &amp; Company signals investor demand for the deal.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>25,000,000 units priced at $10 each.</li><li>Aggregate gross proceeds of $250,000,000.</li><li>Each unit includes 1 Class A ordinary share and 1/2 warrant.</li><li>Whole warrant exercisable at $11.50 per share.</li><li>Nasdaq listing: KEYYU beginning June 3, 2026; separation into KEYY and KEYYW; closing June 4, 2026.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Speculative; KEYY could move on merger progress within 6–12 months.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p>NEW YORK, NEW YORK, June  02, 2026  (GLOBE NEWSWIRE) --  Keystone Acquisition Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/KEYY">KEYY</a>) (the "Company") today announced the pricing of its initial public offering of 25,000,000 units at a public offering price of $10.00 per unit, for aggregate gross proceeds of $250,000,000.</p>  <p>Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share at a price of $11.50 per share.</p>  <p>The units are expected to begin trading on The Nasdaq Global Market ("Nasdaq") under the ticker symbol "KEYYU" on June 3, 2026. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols "KEYY" and "KEYYW", respectively. The offering is expected to close on June 4, 2026, subject to customary closing conditions.</p>  <p>Keystone Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. While the Company may pursue an initial business combination in any sector or geographic region, it intends initially to focus on opportunities in the high growth sectors related to innovation in United States industrial development, with an emphasis on energy transition &amp; critical minerals, shipbuilding &amp; maritime engineering, semiconductors &amp; advanced electronics, digital infrastructure &amp; data centers, and digital assets &amp; crypto treasuries.</p>  <p>Cohen &amp; Company Capital Markets, a division of Cohen &amp; Company Securities, LLC is acting as the lead book-running manager for the offering.</p>  <p>A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any 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 any such state or jurisdiction.</p>  <p>The offering is being made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained from Cohen &amp; Company Capital Markets, a division of Cohen &amp; Company Securities, LLC, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at <a href="https://www.globenewswire.com/Tracker?data=2ECXXUWEKP16CrDmTwnBD8NVy58jqXcKrzhOh88U3ZsqgJCYdRY6tGkQDCF-pzwUda-p4B09RHCUi2X3ZoAr0NIswaVdJ6_v2kXKobijtx63kF-3OMdGhimWTGI1hAs-" rel="nofollow" target="_blank">capitalmarkets@cohencm.com</a>.</p>  <p><b>Cautionary Note Concerning Forward-Looking Statements</b></p>  <p>This press release contains statements that constitute "forward-looking statements," including with respect to the anticipated use of the net proceeds of the initial public offering and the Company's search for an initial business combination. No assurance can be given that the offering will be completed on the terms described, or at all, or that the proceeds will be used as indicated. Forward-looking statements are subject to numerous risks and uncertainties, many of which are beyond the control of the Company, as described in the "Risk Factors" section of the Company's registration statement for the initial public offering filed with the SEC and available on the SEC's website at <a href="https://www.globenewswire.com/Tracker?data=FXqzcNZ6uAOH2glk_v8ZhQbULPdFLCkK8tgFQwaEFhP7C2P0yU65e0WtvPglu24HDcBTwSSLNc2AiBvM8V1t3w==" rel="nofollow" target="_blank">www.sec.gov</a>. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by law.</p>  <p><b>Contact</b></p>  <p>Jake Cho<br></br>Chief Financial Officer<br></br>Keystone Acquisition Corp.<br></br><a href="https://www.globenewswire.com/Tracker?data=vnYb3KQAlOoBvKeubE-KIhaaMoIDFjjbwnNfGd43ReHijn2WleDr3Vv7b7mLfW7oYUmcbfkiK3ctzKzCtKcA6OUR3hMRn8gO7aVlzWvBTk4=" rel="nofollow" target="_blank">jake.cho@kystinter.com</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTczMDgwMyM3NjMzNzY0IzUwMDE2MjE2Mg=="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/MTU1ZjUwN2ItN2Y2Yy00MTFhLWI0ZWItNTFlMGI0MThjMzdiLTUwMDE2MjE2Mi0yMDI2LTA2LTAyLWVu/tiny/Keystone-Acquisition-Corp-.png" referrerpolicy="no-referrer-when-downgrade"></img>

Keystone Acquisition priced its IPO at $10 per unit, selling 25 million units for $250 million in gross proceeds. Each unit contains one Class A share and a half-warrant, with full warrants exercisable at $11.50. Units will trade as KEYYU starting June 3, 2026, with KEYY and KEYYW listed after the split, as the SPAC pursues a future business combination across energy transition, critical minerals, semiconductors, and digital infrastructure.

Keystone Acquisition Corp. Announces Pricing of $250 Million Initial Public Offering

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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