Jupiter Wellness Acquisition priced its upsized IPO of 12 million units at $10 each, an increase of 2 million more units than expected. Units begin trading today on the Nasdaq under JWACU. Each consists of one share of Class A common stock and one right to receive one-eighth of a share.
The new SPAC will seek a target in the healthcare industry with an equity value of approximately $300 million to $1 billion.
Once the securities begin separate trading, stock and rights are expected to list under JWAC and JWACR.
The offering is expected to close Dec. 9. Read more.
