Jupiter Wellness Acquisition Corp. Announces Pricing of Upsized $120 Million Initial Public Offering

Rhea-AI Summary

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.

Positive

• Successful pricing of upsized IPO for 12 million units at $10 each, potentially raising $120 million.
• Units expected to be listed on Nasdaq under the symbol 'JWACU', increasing visibility and liquidity.
• Underwriters have option to purchase additional 1.8 million units, indicating strong market interest.

Negative

• None.

NEW YORK, NY / ACCESSWIRE / December 6, 2021 / Jupiter Wellness Acquisition Corp. (the "Company") announced today that it priced its upsized initial public offering of 12,000,000 units at $10.00 per unit. The units are expected to be listed on The Nasdaq Global Market ("Nasdaq") and trade under the ticker symbol "JWACU" beginning December 7, 2021. Each unit consists of one share of Class A common stock and one right to receive one-eighth of one share of Class A common stock upon the consummation of the Company's initial business combination. Once the securities comprising the units begin separate trading, the common stock and rights are expected to be listed on Nasdaq under the symbols "JWAC" and "JWACR," respectively.

The underwriters have been granted a 30-day option to purchase up to an additional 1,800,000 units offered by the Company to cover over-allotments, if any.

The offering is expected to close on December 9, 2021, subject to customary closing conditions. I-Bankers Securities, Inc. acted as sole book-running manager of the offering.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission (the "SEC") on December 6, 2021. The offering is being made only by means of a prospectus, copies of which may be obtained by contacting I-Bankers Securities, Inc., 1208 Shady Ln N., Keller, TX 76248 or by e-mail at info@ibankers.com. 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 Jupiter Wellness Acquisition Corp.

Jupiter Wellness Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company's efforts to identify a prospective target business will not be limited to a particular industry or geographic region, although the Company intends to focus its search on targets in the healthcare industry with an enterprise value of approximately $300 million to $1 billion.

Forward-Looking Statements

This press release contains statements that constitute "forward-looking statements," including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. 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 Company's registration statement and preliminary prospectus for the Company's offering filed with the SEC. Copies of these documents 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

Brian S. John
Jupiter Wellness Acquisition Corp.
1061 E. Indiantown Road, Suite 110
Jupiter, Florida 33477
Telephone: (561) 244-7100

SOURCE: Jupiter Wellness Acquisition Corp

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https://www.accesswire.com/676279/Jupiter-Wellness-Acquisition-Corp-Announces-Pricing-of-Upsized-120-Million-Initial-Public-Offering

FAQ

What is the IPO price for Jupiter Wellness Acquisition Corp's units?

The IPO price for Jupiter Wellness Acquisition Corp's units is set at $10.00 each.

When will the units of JWACU begin trading?

The units of JWACU are expected to begin trading on December 7, 2021.

How many units is Jupiter Wellness Acquisition Corp offering in its IPO?

Jupiter Wellness Acquisition Corp is offering 12,000,000 units in its IPO.

What is included in each unit of JWACU?

Each unit of JWACU includes one share of Class A common stock and one right to receive one-eighth of a share of Class A common stock upon the business combination.

Who managed the initial public offering of JWACU?

I-Bankers Securities, Inc. acted as the sole book-running manager for the IPO of JWACU.