JAWS Juggernaut (JUGGU) Prices Upsized $240M IPO


JAWS Juggernaut (JUGGU) Prices Upsized $240M IPO

Jun 18, 2021 IPOs by Marlena Haddad

JAWS Juggernaut Acquisition Corp. announced the pricing of its upsized $240 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “JUGGU” Friday, June 18.

The new SPAC aims to combine with a growth-oriented target with differentiated technologies that drive social and economic value. JAWS Juggernaut is led by Chairman nominee Barry S. Sternlicht, CEO Paul E. Jacobs, Ph.D., CIO Wilcoln Lee, and CFO Michael Racich.

Total SPAC deal count for 2021 year-to-date is now 345. This offering is expected to close on Tuesday, June 22.

Credit Suisse is serving as sole book-running manager for this offering. Kirkland & Ellis LLP is serving as Issuer’s Counsel with Skaden, Arps, Slate, Meagher & Flom LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company LLC is acting as trustee.