KUALA LUMPUR: Serba Dinamik Holdings Bhd, through its subsidiary, has sponsored special purpose acquisition company (SPAC) Data Knights Acquisition Corp in its initial public offering (IPO) exercise of 10 million shares priced at US$10 (RM41.12) apiece.
The shares were traded on the Nasdaq Capital Market yesterday. The total investment made by Serba Dinamik in the SPAC is US$5.85mil (RM24.1mil). The UK-based Data Knights is looking to raise up to US$115mil (RM472.88mil) via the IPO.
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