Distoken Acquisition Corp (DISTU) Prices $60M IPO

Distoken Acquisition Corporation. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DISTU” Wednesday, February 15, 2023.

The new SPAC intends to focus on opportunities in the technology industry that have their primary operations located in Asia. Distoken is led by Chairman and Chief Executive Officer Jian Zhang, Chief Financial Officer and Director Jirong Lyu, Chief Technology Officer Yiwen Ma, and Chief Investment Officer Zhanming Zhang.

Total SPAC deal count for 2023 year-to-date is now 6. This offering is expected to close on Friday, February 17.

I-Bankers Securities, Inc. and IB Capital LLC are acting as joint book-running managers for the IPO. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Graubard Miller serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.