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Jackson Acquisition Company (NYSE: RJAC.U) announces that starting January 31, 2022, holders of its Units can opt to separately trade shares of Class A common stock and redeemable warrants. Each Unit includes one share of Class A common stock and half a warrant, with each whole warrant allowing purchase at $11.50 per share. The new trading symbols will be RJAC for Class A common stock and RJAC.WS for warrants on the NYSE. Those wishing to separate units must contact the transfer agent, Continental Stock Transfer & Trust Company.
Jackson Acquisition Company successfully closed its initial public offering, selling 20,000,000 units at $10.00 each. The units, which began trading on the NYSE under the ticker symbol RJAC.U on December 9, 2021, consist of one share of Class A common stock and one-half redeemable warrant. Each warrant allows holders to purchase additional shares at $11.50 per share. The Company aims to pursue business combinations primarily in the healthcare sector. BofA Securities acted as the sole book-running manager for the offering.
Jackson Acquisition Company has priced its initial public offering (IPO) of 20,000,000 units at $10.00 each, aiming to trade on the NYSE under the ticker symbol “RJAC.U” starting December 9, 2021. Each unit includes one share of Class A common stock and a half warrant, with whole warrants exercisable at $11.50 per share. The offering is set to close on December 13, 2021, pending customary conditions. The company plans to focus on acquiring businesses in the healthcare sector and has granted underwriters an option for an additional 3,000,000 units.