Jupiter Wellness Acquisition’s units will no longer trade after Jan. 7 when shares and rights will begin trading separately. The Class A common stock and rights will be listed on the Nasdaq under “JWAC” and “JWACR,” respectively. This is a mandatory and automatic separation.
Each unit consists of one share and one right to receive one-eighth of a share upon completion of a business combination.
Jupiter Wellness raised $138 million in an IPO last month. The new SPAC will seek a target in the healthcare industry with an equity value of approximately $300 million to $1 billion. Read more.
