JAWS Juggernaut Acquisition in an 8-K filing said it issues a convertible note for $500,000 to its sponsor. The unpaid principal on the note may be converted into private placement warrants at $2 each.
The SPAC raised $240 million in a June 2021 IPO. JAWS Juggernaut at that time said it expects to focus on wireless communications and related technology/product/service businesses. Read more.
