JAWS Juggernaut Acquisition priced its upsized IPO of 24 million units at $10 per unit, an increase of 4 million more units than initially registered in February.
Units begin trading today on the Nasdaq under JUGGU. Each consists of one Class A ordinary share and one-fourth of one redeemable warrant. Whole warrants are exercisable at $11.50 for a share. Once the securities comprising the units begin separate trading, shares and warrants are expected to list under JUGG and JUGGW, respectively.
Led by Chairman Barry S. Sternlicht and CEO Paul E. Jacobs, Ph.D., JAWS Juggernaut expects to focus on wireless communications and related technology/product/service businesses that have attractive growth-oriented characteristics and strong underlying demand drivers.
Credit Suisse is sole book-running manager for the offering. The underwriter has a 45-day option to purchase up to an additional 3.6 million units at the IPO price to cover over-allotments, if any. Read more.
