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JVSPAC Acquisition Corp is a blank check company that focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with lifestyle sector technology-enabled companies. The company recently closed its initial public offering, raising $57,500,000 through the sale of 5,750,000 units.
Rhea-AI Summary
JVSPAC Acquisition Corp. (NASDAQ:JVSAU) has successfully closed its initial public offering, raising $57.5 million through the sale of 5,750,000 units at an offering price of $10.00 per unit. Each unit includes one Class A ordinary share and one right, with the right entitling the holder to receive one-fourth of one Class A ordinary share upon the completion of the company's initial business combination. The units began trading on Nasdaq under the ticker symbol JVSAU on January 19, 2024. Maxim Group LLC acted as the sole book-running manager for the offering, and the registration statement relating to the securities sold was declared effective by the U.S. Securities and Exchange Commission on January 18, 2024.
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Rhea-AI Summary
JVSPAC Acquisition Corp. announced the pricing of its initial public offering of 5,000,000 units at $10.00 per unit, with each unit consisting of one Class A ordinary share and one right. The units are expected to trade on the Nasdaq Capital Market under the ticker symbol 'JVSAU' beginning on January 19, 2024. The Company has granted the underwriter a 45-day option to purchase up to 750,000 additional units at the initial public offering price. The offering is expected to close on January 23, 2024, subject to customary closing conditions.
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FAQ
What is the current stock price of Jvspac Acqsn (JVSAU)?
The current stock price of Jvspac Acqsn (JVSAU) is $10.98 as of April 1, 2025.
What is JVSPAC Acquisition Corp?
JVSPAC Acquisition Corp is a blank check company formed to effect a business combination.
What is the focus of JVSPAC Acquisition Corp?
The company intends to focus on technology-enabled companies in the lifestyle sector.
What was the recent achievement of JVSPAC Acquisition Corp?
The company recently closed its initial public offering, raising $57,500,000.
What is the ticker symbol of JVSPAC Acquisition Corp?
The ticker symbol is JVSAU on the Nasdaq Capital Market.
Who acted as the sole book-running manager for the offering?
Maxim Group LLC acted as the sole book-running manager for the offering.
What is the purpose of the rights in each unit?
Each right entitles the holder to receive one-fourth of one Class A ordinary share upon consummation of the company's initial business combination.
When was the registration statement declared effective by the SEC?
The registration statement on Form S-1 was declared effective on January 18, 2024.
What are forward-looking statements in the press release?
Forward-looking statements pertain to the expected closing of the company's initial public offering and search for an initial business combination.
Where can one access the prospectus for the offering?
Copies of the prospectus can be obtained from Maxim Group LLC or by accessing the SEC's website.
What is the contact information for JVSPAC Acquisition Corp?
For inquiries, contact enquiries@jvspac.com.
Jvspac Acqsn
Nasdaq:JVSAU
JVSAU Rankings
JVSAU Stock Data
5.75M
9.96%
Shell Companies
Blank Checks
Hong Kong
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