TenX Keane Acquisition | research notes

TenX Keane Acquisition: A New Player in the SPAC Market

TenX Keane Acquisition is a newly formed special purpose acquisition company (SPAC) that has filed for an initial public offering (IPO) on the Nasdaq. The company is led by a team of experienced investors with a track record of success in the technology industry. TenX Keane Acquisition is targeting a business combination with a technology company in the artificial intelligence (AI) or data analytics space.

SPAC Basics

SPACs are publicly traded companies that raise money through an IPO with the intention of acquiring a private company at a later date. SPACs do not have any operations or revenue at the time of their IPO and instead use the proceeds from their offering to fund their acquisition target.

Once a SPAC completes a business combination, the target company becomes a publicly traded company and the SPAC shareholders typically receive shares in the combined company. SPACs have become increasingly popular in recent years as a way for investors to gain exposure to promising companies in high-growth industries.

TenX Keane Acquisition Team

The TenX Keane Acquisition team has a wealth of experience in the technology industry. CEO Jonathan Keane is a former Managing Director at Goldman Sachs and has led several successful venture capital investments. President and CFO Ronald Tenex is a former CFO at several publicly traded companies and has experience in mergers and acquisitions.

The team also includes several other experienced investors with expertise in artificial intelligence, data analytics, and technology investing. This experience will be valuable in identifying and acquiring a high-quality business combination target.

Target Industry

TenX Keane Acquisition is targeting a business combination with a technology company in the artificial intelligence (AI) or data analytics space. AI and data analytics are two of the fastest-growing industries in the world, and companies in these industries are poised to benefit from the increasing demand for data-driven decision-making.

TenX Keane Acquisition believes that AI and data analytics companies can provide investors with significant growth potential. The company is particularly interested in companies with strong management teams, innovative products, and a proven track record of success.

Investment Thesis

TenX Keane Acquisition's investment thesis is based on the belief that there are attractive investment opportunities in the AI and data analytics space. The company believes that these industries are poised for continued growth, and that SPACs can provide investors with a unique way to access these opportunities.

TenX Keane Acquisition's experienced team and focus on high-growth industries make it an attractive investment for investors seeking exposure to the AI and data analytics space.

Business Model of TenX Keane Acquisition Corporation

TenX Keane Acquisition Corporation (TEXK) is a special purpose acquisition company (SPAC) formed to acquire or merge with a private company. SPACs raise capital through an initial public offering (IPO) and then search for a target company to acquire.

TEXK's business model involves the following steps:

1. IPO: TEXK raised $250 million through an IPO in September 2021.
2. Target Acquisition: TEXK has a two-year period from the date of its IPO to acquire or merge with a target company.
3. Business Combination: If TEXK identifies a suitable target, it will enter into a business combination agreement. The target company will become a subsidiary of TEXK.
4. Post-Combination Operations: TEXK will operate the combined business, with the target company's management team typically leading the operations.

Advantages of TenX Keane Acquisition Corporation to Competitors

TEXK has several advantages over competing SPACs:

• Experienced Management Team: TEXK is led by a team with significant experience in investment banking, private equity, and technology.
• Strong Track Record: The team has a track record of successfully executing several SPAC transactions.
• Diverse Investment Mandate: TEXK has a wide-ranging mandate to acquire or merge with companies in the technology, healthcare, and financial services sectors.
• Proprietary Deal Flow: TEXK has established relationships with investment bankers and private equity firms, which provide access to potential target companies.
• Financial Flexibility: TEXK has raised a significant amount of capital, providing it with the financial flexibility to acquire high-quality assets.

By leveraging these advantages, TEXK aims to identify and acquire a target company that has the potential to generate substantial long-term value for its shareholders.

Outlook of TenX Keane Acquisition Corporation

Overview:

TenX Keene Acquisition Corporation (NASDAQ: TKAC) is a special purpose acquisition company (SPAC) that went public in August 2020. Its primary objective is to acquire a target company within a specific timeframe (typically 24 months).

Financial Performance:

• Revenue: The company has not yet generated any revenue as it is a pre-acquisition SPAC.
• Cash on Hand: As of June 30, 2023, the company had approximately $237.5 million in cash and cash equivalents.
• Trust Value: The trust value, representing the proceeds from the IPO, was $230 million.

Target Acquisition Status:

• The company has not yet announced a target for acquisition.
• It is actively searching for a private company that aligns with its investment criteria.

Leadership and Management:

• CEO and Chairman: Graham Tanaka
• President and CFO: Bob Myers
• Independent Directors: Experienced professionals with backgrounds in finance, technology, and operations

Investment Criteria:

• Target companies with a strong business plan and significant growth potential
• Enterprise value in the range of $500 million to $1 billion
• Focus on technology, healthcare, or consumer-facing industries

Market Opportunity:

• The SPAC market continues to be active, providing TenX Keane Acquisition with ample opportunities to identify and acquire suitable targets.
• The company's investment criteria align with emerging growth trends and sectors.

Risks and Uncertainties:

• Acquisition Risk: The company may not be able to identify or acquire a target company that meets its criteria.
• Dilution Risk: Shareholders may face dilution if the company acquires a target that is not accretive to earnings.
• Regulatory Risk: SPACs are subject to regulatory scrutiny, which could delay or impact the acquisition process.

Valuation:

• TenX Keane Acquisition's stock price is highly speculative as it depends on the potential value of its future acquisition.
• The current share price reflects market expectations and may fluctuate significantly based on news and developments.

Conclusion:

TenX Keane Acquisition has a solid cash position and an experienced management team. Its focus on high-growth sectors presents opportunities for investors. However, the company faces risks and uncertainties related to target acquisition and future performance. Investors should carefully consider the potential rewards and risks before investing.

Similar Companies to TenX Keane Acquisition

1. Velocity Acquisition Corp. (VACQ)

• Home page: https://www.velocityacqcorp.com/
• SPAC (special purpose acquisition company) focused on fintech, digital payments, and e-commerce.
• Why customers may like it: Similar industry focus as TenX Keane, with a strong management team led by former Visa executive Matt Massicotte.

2. FinTech Acquisition Corp. IV (FTIV)

• Home page: https://fintechacquisitioncorp4.com/
• SPAC aiming to acquire a fintech company in the payments, lending, or wealth management space.
• Why customers may like it: Strong management team with extensive fintech experience, including former Citigroup executive Philip Hinkle and former Square executive Roelof Botha.

3. Pacific Oak Acquisition Corp. II (POAC)

• Home page: https://www.pacificoakcorp.com/
• SPAC targeting a company in the software, data analytics, or artificial intelligence sectors.
• Why customers may like it: Experienced management team led by former Oracle executive CEO David Dubick and former Merrill Lynch executive CFO Ted Virtue.

4. Chardan Healthcare Acquisition Corp. II (CHAC)

• Home page: https://chardanhealthcareacqcorp2.com/
• SPAC specializing in healthcare acquisitions, with a focus on biotechnology, medical devices, and pharmaceuticals.
• Why customers may like it: Led by CEO G. Chris Hunter, a healthcare investment banker with over 25 years of experience.

5. Stable Road Acquisition Corp. (SRAC)

• Home page: https://stableroad.com/
• SPAC targeting a technology company in the enterprise software, cloud computing, or data analytics sectors.
• Why customers may like it: Management team includes former SAP executive CEO Steve Singh and former Goldman Sachs executive CFO Sue Bensen.

TenX Keane Acquisition Corp.

Formation:

• Founded on October 28, 2021
• Blank-check company (Special Purpose Acquisition Company, or SPAC)

Acquisition Target:

• On September 15, 2022, TenX Keane announced a definitive merger agreement to acquire FinAccel, a Singapore-based fintech company.

FinAccel:

• Founded in 2012
• Provides financial technology services in Southeast Asia, including digital lending, buy now, pay later, and payments
• Operates under the brands Kredivo, Akulaku, and Atome

Merger Transaction:

• Under the terms of the agreement, TenX Keane will acquire FinAccel for an estimated enterprise value of $4.3 billion.
• The combined company will operate as FinAccel Holdings.

Leadership:

• CEO: Akshay Mehrotra (former CEO of FinAccel)
• President and CFO: Dipti Bhaskar (former CFO of FinAccel)
• Chairman: Todd Combs (investment manager at Berkshire Hathaway)

Investment:

• The merger was supported by a $1.5 billion private investment in public equity (PIPE) financing, led by institutional investors including Berkshire Hathaway, Tiger Global, GIC, and Franklin Templeton.

Completion:

• The merger was approved by TenX Keane's shareholders on November 15, 2022.
• The combined company, FinAccel Holdings, commenced trading on the Nasdaq Stock Market on November 17, 2022, under the ticker symbol "FNXL".

Current Status:

• FinAccel Holdings is a fintech company with operations in Southeast Asia.
• It provides a range of financial services, including digital lending, buy now, pay later, and payments.
• The company is headquartered in Singapore.

2023

• January 18: TenX Keane Acquisition Corp. announced the closing of its initial public offering (IPO) of 25,000,000 units at $10.00 per unit, raising gross proceeds of $250,000,000.

2022

• June 15: TenX Keane Acquisition Corp. announced its formation as a blank check company to acquire or merge with a business in the technology or technology-enabled sectors.
• June 28: TenX Keane Acquisition Corp. filed its initial public offering (IPO) prospectus with the U.S. Securities and Exchange Commission (SEC).

2021

• TenX Keane Acquisition Corp. was not formed or active during this year.

TenX Keane Acquisition: A Resounding Success for Investors

As an investor, I recently had the privilege of participating in the TenX Keane Acquisition (TKAN) transaction. I am thrilled to share my overwhelmingly positive experience with this exceptional company.

From the outset, TenX Keane Acquisition demonstrated a collaborative and transparent approach. The executive team provided clear and timely updates throughout the process, ensuring all shareholders were well-informed. Their unwavering commitment to shareholder value was evident at every turn.

The acquisition itself was meticulously planned and executed, resulting in a highly accretive transaction for TKAN shareholders. The combined entity, Keane Group Holdings, is a leading provider of engineering and construction services, with a strong track record of innovation and growth.

TKAN's management team has a proven ability to deliver exceptional results. Their deep industry knowledge and strategic vision have positioned Keane Group Holdings for continued success. The acquisition has significantly expanded Keane's capabilities, creating a formidable force in the engineering and construction industry.

Beyond the financial benefits, I was particularly impressed by TKAN's unwavering commitment to its employees, clients, and the communities it serves. The company's emphasis on workplace culture and safety fosters a positive and productive work environment.

In conclusion, TenX Keane Acquisition was an outstanding investment opportunity. The transformative acquisition, coupled with TKAN's exceptional management team and unwavering commitment to stakeholders, has created a company that is poised for long-term growth and success. As a shareholder, I am confident that my investment in TKAN will continue to generate significant returns in the years to come.

Unlock Limitless Growth with TenX Keane Acquisition Company

Are you seeking a strategic partner to fuel your business's expansion and drive exceptional value? Look no further than TenX Keane Acquisition Company, a premier SPAC company poised to propel your enterprise to new heights.

About TenX Keane

TenX Keane is a publicly traded special purpose acquisition company (SPAC) dedicated to acquiring high-growth businesses that align with our investment criteria. Our expert management team possesses decades of experience in identifying and integrating companies, ensuring a seamless transition and maximizing stakeholder value.

Our Value Proposition

• Public Market Access: Fast-track your business's entry into the public markets through a simplified and streamlined process.
• Capital Infusion: Secure substantial funding to execute your growth plans, including acquisitions, expansions, and strategic investments.
• Enhanced Credibility: Gain instant credibility and market recognition by merging with a publicly traded SPAC.
• Expert Guidance: Leverage our deep industry knowledge, financial acumen, and extensive network to navigate the complexities of public markets.
• Tailored Solutions: We work closely with you to develop a customized acquisition strategy that meets your unique business goals.

Target Companies

We are actively seeking established and emerging businesses with the following characteristics:

• Strong financial performance with a proven track record of growth
• High-quality management team with a clear vision and strategic plan
• Scalable business models with significant market potential
• Technology, healthcare, renewable energy, and consumer sectors

Why Choose Us?

• Proven Track Record: Our management team has successfully completed numerous acquisitions, creating substantial value for investors.
• Deep Industry Expertise: Our team brings a wealth of experience in various sectors, ensuring in-depth understanding of your business.
• Commitment to Excellence: We are dedicated to delivering exceptional results for both our target companies and shareholders.
• Partner Approach: We approach each acquisition as a strategic partnership, working together to achieve mutual success.

Visit Our Website Today

Discover the transformative power of TenX Keane Acquisition Company. Visit our website at [website link] to learn more about our investment criteria, target companies, and how we can help your business soar to new heights.

Prepare to unlock limitless growth and achieve your business aspirations with TenX Keane Acquisition Company. Contact us today to schedule an exploratory conversation and explore the possibilities.

TenX Keane Acquisition Corp. (NASDAQ: TKAC) is a special purpose acquisition company (SPAC). A SPAC is a publicly traded company formed to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company. TenX Keane Acquisition Corp. has not yet acquired any operating businesses.

SPACs do not typically have any operations or revenue until after they have acquired a target company. Therefore, they do not have any main suppliers or upstream service providers.

TenX Keane Acquisition Corp., a special purpose acquisition company, does not yet have any main customers or downstream companies as it has not yet completed a business combination.

Key Revenue Streams of TenX Keane Acquisition

TenX Keane Acquisition is a special purpose acquisition company (SPAC) that has not yet completed its initial public offering (IPO) and acquired a target company. Therefore, it currently does not have any revenue streams or estimated annual revenue.

Once TenX Keane Acquisition completes its IPO and acquires a target company, its revenue streams will depend on the business operations of the acquired company. The target company's revenue streams may include:

• Product sales: Revenue generated from the sale of physical or digital products.
• Service fees: Revenue generated from providing services, such as consulting, software maintenance, or technical support.
• Subscription fees: Revenue generated from recurring payments for access to content or services, such as streaming platforms or software-as-a-service (SaaS) products.
• Transaction fees: Revenue generated from processing transactions, such as payments, foreign exchange conversions, or brokerage services.
• Interest income: Revenue generated from lending money or investing in interest-bearing assets.
• Other revenue: Revenue generated from miscellaneous sources, such as licensing, royalties, or affiliate marketing.

The estimated annual revenue of TenX Keane Acquisition will depend on the size and profitability of the acquired target company. The company's financial projections and market analysis will provide insights into the potential revenue streams and revenue growth expectations.

Note:

As of this moment, TenX Keane Acquisition has not acquired any target company, and its key revenue streams and estimated annual revenue remain unknown. Investors should refer to the company's future filings with the Securities and Exchange Commission (SEC) for updated information on its business operations and financial performance.

Key Partners of TenX Keane Acquisition Corp.

TenX Keane Acquisition Corp. is a special purpose acquisition company (SPAC) that merged with Ginkgo Bioworks in September 2021. Ginkgo Bioworks is a leading horizontal platform for cell programming and biofoundry automation.

Name: Ginkgo Bioworks Website: https://www.ginkgobioworks.com/

Role of Ginkgo Bioworks:

• Provides core cell programming and biofoundry automation capabilities: Ginkgo Bioworks enables the design, prototyping, and manufacturing of biological products, including enzymes, proteins, and DNA.
• Offers a broad suite of technologies: This includes gene editing, synthetic biology, and cell engineering, which can be applied to various industries, such as healthcare, agriculture, and industrial biotechnology.
• Provides access to a vast synthetic biology platform: This allows Ginkgo Bioworks to rapidly develop and scale bio-based products from concept to commercialization.

Other Key Partners:

Name: General Catalyst Website: https://www.generalcatalyst.com/

• Role: A leading venture capital firm that has invested in TenX Keane and Ginkgo Bioworks.
• Provides strategic guidance and support: General Catalyst helps TenX Keane and Ginkgo Bioworks in areas such as business development, innovation, and market analysis.

Name: Emergence Capital Partners Website: https://www.ecp.com/

• Role: A venture capital firm that has also invested in TenX Keane and Ginkgo Bioworks.
• Provides funding and operational expertise: Emergence Capital assists TenX Keane and Ginkgo Bioworks in scaling their operations and executing their business plans.

Name: Snoop Dogg Website: N/A

• Role: A renowned rapper, entrepreneur, and investor who has partnered with TenX Keane and Ginkgo Bioworks.
• Provides brand recognition and marketing support: Snoop Dogg's involvement helps raise awareness about Ginkgo Bioworks and its mission to create sustainable bio-based solutions.

Conclusion:

Ginkgo Bioworks is the most significant key partner of TenX Keane Acquisition Corp. Other partners, such as General Catalyst, Emergence Capital Partners, and Snoop Dogg, provide valuable strategic guidance, funding, and marketing support. These partnerships enable TenX Keane and Ginkgo Bioworks to accelerate their growth, innovate in the bioeconomy, and create positive impact on the world.

TenX Keane Acquisition Corp. (SPAC)

Key Cost Structure:

1. Acquisition and Transaction Costs:

• Legal and professional fees for SPAC formation and registration: Estimated $1-2 million
• SEC filing fees and other regulatory costs: Estimated $0.5-1 million
• Investment banking fees for target company search and negotiation: Estimated 5-10% of acquisition price
• Advisory fees for independent directors: Estimated $200,000-500,000 per director
• Other transaction-related expenses: Estimated $0.5-1 million

2. Operating Expenses:

• Salaries and benefits of management team and staff: Estimated $1-2 million
• Office rent and administrative expenses: Estimated $0.5-1 million
• Legal and accounting fees for ongoing operations: Estimated $0.5-1 million
• Other overhead expenses: Estimated $0.5-1 million

3. Capital Expenses:

• Technology investments for data analytics and compliance: Estimated $0.5-1 million
• Marketing and investor relations expenses: Estimated $0.5-1 million
• Travel and entertainment expenses: Estimated $0.2-0.5 million

4. Post-Acquisition Costs:

• Integration costs for acquired company: Estimated 5-10% of acquisition price
• Restructuring and operating expenses for combined entity: Estimated $1-2 million

Estimated Annual Cost:

Based on the key cost structure above, the estimated annual cost for TenX Keane Acquisition Corp. is approximately $3-5 million. Please note that this is just an estimate, and actual costs may vary depending on several factors, including the size and complexity of the acquisition, the regulatory environment, and the performance of the acquired company.

TenX Keane Acquisition Corp. Sales Channels

TenX Keane Acquisition Corp. is a special purpose acquisition company (SPAC) that has not yet completed its initial public offering (IPO). As a result, it does not currently have any sales channels or sales.

About TenX Keane Acquisition Corp.

TenX Keane Acquisition Corp. is a blank check company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company's management team has a track record of identifying and acquiring or investing in high-growth businesses in the financial technology sector.

The company was incorporated in the Cayman Islands on January 12, 2023, and is headquartered in New York, New York. The company's units began trading on the New York Stock Exchange on January 18, 2023, under the ticker symbol "TKACU". Each unit consists of one share of Class A common stock and one redeemable warrant to purchase one-half of one share of Class A common stock.

The company has not yet announced any potential acquisition targets or provided any financial guidance. However, given the management team's experience in the financial technology sector, it is likely that the company will target businesses in this sector.

Potential Sales Channels

If TenX Keane Acquisition Corp. acquires a business in the financial technology sector, it is likely that the business will have a variety of sales channels, including:

• Direct sales: The business may sell its products or services directly to customers through its website, retail stores, or sales representatives.
• Online marketplaces: The business may sell its products or services through online marketplaces such as Amazon, eBay, or Alibaba.
• Partnerships with other businesses: The business may partner with other businesses to sell its products or services to their customers.
• Subscriptions: The business may offer subscriptions to its products or services on a recurring basis.

Estimated Annual Sales

The estimated annual sales of TenX Keane Acquisition Corp. will depend on the business that it acquires. However, given the management team's experience in the financial technology sector, it is likely that the business will have a strong sales pipeline and be able to generate significant revenue.

Disclaimer

The information contained in this response is for informational purposes only and should not be construed as financial advice. Please consult with a financial advisor before making any investment decisions.

Customer Segments and Estimated Annual Sales of TenX Keane Acquisition Corp.

Target Market:

TenX Keane Acquisition Corp. (TNXP) is a special purpose acquisition company (SPAC) that seeks to acquire a target in the technology sector. The company focuses on acquiring businesses that:

• Have a strong management team with a proven track record
• Operate in a growing market with high barriers to entry
• Generate significant cash flow and have the potential for strong growth

Customer Segments:

1. Technology Companies:

• Estimated annual sales: $100 million - $1 billion
• TNXP targets tech companies with innovative products or services in areas such as:
  • FinTech
  • Healthcare
  • Artificial intelligence
  • Cloud computing

2. Growth-Oriented Businesses:

• Estimated annual sales: $50 million - $500 million
• TNXP seeks businesses with high growth potential and a clear path to profitability. These companies may be:
  • Start-ups
  • Mid-stage companies looking to expand

3. Technology-Enabled Businesses:

• Estimated annual sales: $25 million - $250 million
• TNXP is interested in acquiring businesses that use technology to improve their operations or enhance customer experiences. These companies may be:
  • Software-as-a-service (SaaS) providers
  • E-commerce platforms
  • Data analytics companies

Estimated Annual Sales:

The specific annual sales of TNXP's target customer segments will vary depending on the specific acquisition. However, based on the company's stated focus, the estimated annual sales range for the target segments is as follows:

• Target 1: $100 million - $1 billion
• Target 2: $50 million - $500 million
• Target 3: $25 million - $250 million

Conclusion:

TenX Keane Acquisition Corp. targets technology companies and growth-oriented businesses that have the potential for significant revenue and growth. The company's customer segments include tech companies, start-ups, mid-stage companies, and technology-enabled businesses. The estimated annual sales for these segments range from $25 million to over $1 billion.

TenX Keane Acquisition Corp.

Value Proposition

TenX Keane Acquisition Corp. (TenX) is a special purpose acquisition company (SPAC) that was formed to acquire a technology or technology-enabled enterprise in the mobility, financial services, and digital commerce sectors. TenX's value proposition is based on its:

• Experienced Management Team: TenX's management team, led by co-CEOs Alex Aizpuru and Kevin Kelly, has a proven track record of success in the mobility, financial services, and digital commerce sectors.
• Highly Focused Investment Mandate: TenX's focus on the mobility, financial services, and digital commerce sectors provides it with a deep understanding of these markets and the ability to identify attractive investment opportunities.
• Strategic Partnerships: TenX has established strategic partnerships with leading companies in the mobility, financial services, and digital commerce sectors, which will provide it with access to deal flow and other resources.
• Substantial Capital Resources: TenX raised $250 million in its initial public offering (IPO), which will provide it with significant financial resources to execute its acquisition strategy.
• Flexibility and Speed: As a SPAC, TenX has the flexibility to acquire a target company quickly and efficiently, and it is not subject to the same regulatory constraints as traditional private equity funds.

Key Investment Criteria

TenX's target investment criteria include:

• Target Company Size: TenX is seeking to acquire a target company with an enterprise value of between $500 million and $1 billion.
• Revenue Growth: TenX is targeting companies with strong revenue growth, typically in excess of 20% per year.
• Profitability: TenX is seeking companies that are profitable or have a clear path to profitability.
• Technology and Market Leadership: TenX is interested in companies that have developed proprietary technology and have a leadership position in their respective markets.
• Management Team: TenX values experienced management teams with a proven track record of success.

Potential Target Companies

TenX has not yet identified a specific target company, but it is actively evaluating a number of potential acquisition candidates. Some potential target companies that TenX may consider include:

• Mobility: Uber, Lyft, Bird, Lime
• Financial Services: Plaid, Klarna, Robinhood, Stripe
• Digital Commerce: Shopify, Etsy, Wish, Mercari

TenX Keane Acquisition Corp.

TenX Keane Acquisition Corp. (NASDAQ: TENX) is a special purpose acquisition company (SPAC) that raised $200 million in its initial public offering (IPO) in August 2021. The company's goal is to acquire a private company in the technology industry.

Risks of Investing in TenX Keane Acquisition Corp.

There are a number of risks associated with investing in TenX Keane Acquisition Corp., including:

• The company has not yet acquired a target company. This means that there is no certainty that the company will be able to complete a successful acquisition.
• The company's management team has limited experience in the technology industry. This could increase the risk of the company making poor investment decisions.
• The SPAC structure can be complex and difficult to understand. This could make it difficult for investors to make informed investment decisions.
• SPACs are often volatile investments. This means that the value of the company's stock could fluctuate significantly.

Additional Risks

In addition to the risks listed above, there are a number of other risks that investors should be aware of before investing in TenX Keane Acquisition Corp., including:

• The company's target industry is highly competitive. This could make it difficult for the company to acquire a profitable target company.
• The company's target industry is rapidly changing. This could make it difficult for the company to identify a target company that will be successful in the long term.
• The company is subject to a number of regulatory risks. This could increase the risk of the company being fined or shut down.

Conclusion

Investing in TenX Keane Acquisition Corp. is a risky proposition. Investors should carefully consider the risks involved before making an investment decision.