LightJump Acquisition Corporation (LJAQU) Prices Upsized $120M IPO

LightJump Acquisition Corporation announced the pricing of its upsized $120 million IPO today and its units are expected to begin trading on the Nasdaq under the symbol “LJAQU” Friday, January 8.

The new company aims to combine with a business of scale that is poised for continued growth with a capable management team and proven unit economics but in need of enhancement. LightJump is led by Chairman and CEO Robert M. Bennett alongside Vice-Chairman and CFO William W. Bunker, President Eric Ver Ploeg and VP of Acquisitions Patrick Brandt.

Total SPAC deal count for 2020 year-to-date is now 28 with $6.8 billion in gross proceeds raised. This offering is expected to close on Tuesday, January 12.

EarlyBirdCapital Inc. is acting as the sole book-running manager for the offering. K&L Gates LLP is serving as Issuer’s Counsel with Graubard Miller serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.