Jupiter Wellness Acquisition scheduled an April 20 meeting for shareholders to vote on the proposed combination with China-based EV maker Chijet Motor Company, following the SEC’s declaration of an effective registration statement.
Announced in October, the deal values Chijet’s operating companies at $1.6 billion.
Jupiter Wellness is not the first SPAC to attempt taking Chijet public.
Jupiter’s deal announcement came less than a month after another SPAC, Deep Medicine Acquisition, called off a merger with the EV maker. That deal was valued at $2.6 billion when announced last July. No reason was given for the termination, although Deep Medicine had twice extended the time period for its due diligence on the EV automaker.
