Jack Creek Investment Corporation (JCICU) Prices Upsized $300M IPO


Jack Creek Investment Corporation (JCICU) Prices Upsized $300M IPO

Jack Creek Investment Corporation announced the pricing of its upsized $300 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “JCICU” Friday, January 22.

The new company aims to combine with a business in the food or grocery supply chain that has a track record of innovation and has a conservative capital structure. Jack Creek is led by Executive Chairman Jeffrey E. Kelter alongside CEO Robert F. Savage, President Thomas Jermoluk, CTO James H. Clark and CFO Lauren D. Ores.

Total SPAC deal count for 2021 year-to-date is now 65 with $18.45 billion in gross proceeds raised. This offering is expected to close on Tuesday, January 26.

UBS Securities LLC and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering. Weil, Gotshal & Manges LLP is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.