Jaws Mustang Acquisition today amended its planned IPO of 75 million units at $10 each to raise $750 million.
The amended filing notes that the SPAC is exempt from Rule 419, meaning management would not be prohibited from receiving the interest earned on any funds held in trust.
The amount of the proposed raise remains unchanged from the initial filing earlier this month.
The SPAC intends to focus on businesses in North America and Europe “that have a clear path to organic and inorganic growth, formidable barriers to entry, exceptional management, and strong underlying demand drivers.”
The SPAC is led by Barry Sternlicht, founder of Starwood Capital, a private alternative investment firm focused on global real estate, hotel management, oil and gas and energy infrastructure with over $73 billion of assets under management as of March 2020.
The SPAC plans to list on the NYSE under JWSM.U. Read more.
