JJ Opportunity Registers for $50M IPO

JJ Opportunity filed with the SEc to offer 5 million units at $10 each. A unit consists of one share and one right to receive one-tenth of a share when the SPAC closes a deal.

The SPAC plans to target fintech, software services, and technology companies in Asia and North America.

CEO, Director and Chairman Junhui (Jerome) Zhang has been executive officer and director for two entities affiliated or associated with JD Capital, including Ninth Eternity Ventures and JZ Securities. JD Capital is a China-based alternative investment management and financial services firm listed on Shanghai Stock Exchange. Since February 2018 Zhang has served as the CEO and CIO at Ninth Eternity Ventures, a member of one of the SPAC’s sponsors

Maxim is sole book-runner for the offering.

The SPAc intends to apply for a listing on the Nasdaq under the symbol JJOCU. Read more.

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