JVSPAC Acquisition Corp. Announces Closing of $57.5 Million Initial Public Offering, Including Full Exercise of Underwriter's Over-Allotment Option
Each unit consists of one Class A ordinary share and one right. Each right entitles the holder thereof to receive one-fourth (1/4) of one Class A ordinary share upon consummation of the Company's initial business combination. The units began trading on the Nasdaq Capital Market ("Nasdaq") under the ticker symbol "JVSAU" on January 19, 2024. Once the securities comprising the units begin separate trading, the ordinary shares and rights will be traded on Nasdaq under the symbols "JVSA" and "JVSAR," respectively.
Maxim Group LLC acted as the sole book-running manager for the offering.
A registration statement on Form S-1 (File No. 333-275176) (the "Registration Statement") relating to the securities sold in the initial public offering was declared effective by the
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About JVSPAC Acquisition Corp.
JVSPAC Acquisition Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. JVSPAC Acquisition Corp. intends to focus on businesses in the lifestyle sector, with a focus on technology enabled companies.
Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements," including with respect to the closing of the Company's search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Registration Statement and related preliminary prospectus filed in connection with the initial public offering with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact Information:
enquiries@jvspac.com
SOURCE JVSPAC Acquisition Corp.