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Jupiter Wellness Acquisition Corp. (Nasdaq: JWACU) announced that starting January 7, 2022, the Company’s units will cease trading. The Class A common stock and rights will trade separately on Nasdaq under the symbols JWAC and JWACR. Each unit comprises one share of Class A common stock and a right to receive one-eighth of a share of Class A common stock upon the completion of the initial business combination. Unit owners will automatically receive the separated shares and rights.
Jupiter Wellness Acquisition Corp. (Nasdaq: JWACU) completed its upsized initial public offering, raising $138 million by issuing 13.8 million units priced at $10.00 each. This includes 1.8 million units from the underwriters' full over-allotment option. Trading began on December 7, 2021. Proceeds from the offering, totaling $139.38 million, have been placed in trust. The company focuses on mergers and acquisitions in the healthcare sector, targeting businesses valued between $300 million and $1 billion.
Jupiter Wellness Acquisition Corp. has priced its upsized initial public offering (IPO) of 12,000,000 units at $10.00 each, aiming to raise $120 million. Trading under the symbol JWACU, the units will be listed on the Nasdaq Global Market starting December 7, 2021. Each unit includes one share of Class A common stock and a right to receive one-eighth of a share upon the company's business combination. The IPO is expected to close on December 9, 2021, with underwriters granted a 30-day option to purchase an additional 1,800,000 units. The SEC has declared the registration statement effective.
