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Jupiter Wellness Acquisition Corp. (JWAC) has postponed its special stockholders' meeting to May 2, 2023, at 10:00 a.m. ET. The meeting aims to vote on the proposed business combination with Chijet Inc. and its subsidiaries. The redemption deadline for JWAC's common stock holders is extended to April 28, 2023, at 5:00 p.m. ET. Stockholders can withdraw redemption requests before the meeting. JWAC's transaction with Chijet involves the development of traditional fuel and electric vehicles, emphasizing significant manufacturing capabilities in Yantai, China. JWAC's stock trades on Nasdaq under the symbol JWAC. Stakeholders are encouraged to review the definitive proxy statement for vital information regarding the proposals.
Jupiter Wellness Acquisition Corp. (Nasdaq: JWAC) has postponed its special meeting of stockholders to May 2, 2023, at 10:00 a.m. ET, originally scheduled for April 20, 2023. The meeting will involve voting on the proposed business combination with Chijet Inc., a Cayman Islands exempted company. There have been no changes to the meeting's location or purpose. Additionally, the deadline for JWAC’s common stock holders to submit shares for redemption has been extended to April 28, 2023, at 5:00 p.m. ET. Stockholders can withdraw their previously submitted redemption requests before the meeting. JWAC, formed for mergers and acquisitions, started trading on Nasdaq in December 2021. Chijet focuses on developing traditional and electric vehicles, showcasing a commitment to high performance and affordability.
Jupiter Wellness Acquisition Corp. (JWAC) has announced a special meeting for shareholders on April 20, 2023, to approve its proposed business combination with Chijet Motor Company, Inc., a developer of electric vehicles. The SEC has declared effective the Registration Statement on Form F-4, paving the way for the merger. Following approval, the combined entity is expected to trade under the new ticker symbol CJET. Shareholders are encouraged to vote, with options for in-person, remote, or proxy voting, ensuring representation. The merger is anticipated to close soon after the special meeting, contingent on shareholder and customary closing condition approvals.
Jupiter Wellness Acquisition Corp. (JWAC) has announced an extension of three months to finalize its initial business combination, now due by June 8, 2023. This extension is the second of two allowable extensions outlined in the company's governing documents. JWAC had previously revealed a Business Combination Agreement with Chijet, Inc. on October 26, 2022. As a special purpose acquisition company, JWAC aims to engage in mergers or similar business combinations. The stock trades on Nasdaq under the ticker JWAC. Stakeholders should monitor the progress of the business combination as delays may affect JWAC's stock value.
Jupiter Wellness has announced its approval for a dual listing on Upstream, starting January 10, 2023, under the ticker JUPW. This innovative trading platform enables global investors to trade using various payment methods, enhancing liquidity and price discovery. On listing day, shareholders will receive a commemorative NFT. CEO Brian John emphasized the goal of expanding shareholder value and reaching a broader investor base. The Upstream platform offers a regulated marketplace for digital securities and NFTs, promoting transparent trading.
Jupiter Wellness Acquisition Corp. (Nasdaq:JWAC) announced a payment of $1,380,000 to extend the deadline for its business combination to March 8, 2022. This extension allows for a potential additional 90-day period. Previously, on October 26, 2022, JWAC initiated a Business Combination Agreement with Chijet, Inc. and its affiliates. JWAC, formed for mergers and acquisitions, began trading in December 2021.
Jupiter Wellness Acquisition Corp. (Nasdaq:JWAC) announced an extension of its period to finalize a business combination from December 8, 2022, to March 8, 2023. This marks the first of two possible three-month extensions allowed under its governing documents. In October 2022, JWAC entered a definitive agreement with Chijet Motor Company, Inc., focused on developing electric vehicles. The transaction is expected to yield approximately $140.2 million pre-expenses to support manufacturing and operational growth, with two facilities under construction in China.
Jupiter Wellness Acquisition Corp. (NASDAQ: JWAC) has signed a definitive agreement with Chijet Motor Company for a business combination valuing Chijet at $1.6 billion, with a potential downward revision of up to $674 million based on post-Closing metrics. The transaction aims to enhance Chijet's electric vehicle development and expand its operations in China and Southeast Asia, leveraging a network of over 300 dealerships. Expected proceeds of approximately $140.2 million will support production and R&D efforts. Closure is anticipated by the first quarter of 2023.
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