Jupiter Acquisition Corp - JAQCW STOCK NEWS

Jupiter Acquisition Corporation (NASDAQ: JAQCU) has announced that holders of its IPO units can separately trade Class A common stock and warrants starting October 1, 2021. The Class A common stock will trade under the symbol 'JAQC', while the warrants will be under 'JAQCW'. The company, a blank check firm, aims to pursue a business combination within the consumer industry but retains flexibility across sectors. The IPO was initially facilitated by several financial institutions, and relevant registration details are available on the SEC's website.

Jupiter Acquisition Corporation has successfully closed its initial public offering (IPO), selling 15,000,000 units priced at $10.00 each, raising total gross proceeds of $150,000,000. The units will trade on Nasdaq under the ticker symbol “JAQCU.” Each unit comprises one share of Class A common stock and one-half of a redeemable warrant, with each whole warrant priced at $11.50 per share. The company, a blank check entity, aims to pursue acquisition opportunities primarily in the consumer industry. Underwriters have a 45-day option to buy an additional 2,250,000 units for over-allotments.

Jupiter Acquisition Corporation announced the pricing of its IPO at $10.00 per unit, totaling 15,000,000 units. The units will trade under the ticker symbol JAQCU on Nasdaq starting August 13, 2021. Each unit includes one share of Class A common stock and a half warrant, with whole warrants exercisable at $11.50 per share. The offering is expected to close on August 17, 2021, pending customary conditions. The company aims to acquire a business in the consumer industry and is led by notable executives from various investment firms.