Jupiter Wellness Acquisition Corp. (JWACU) Prices Upsized $120M IPO


Jupiter Wellness Acquisition Corp. (JWACU) Prices Upsized $120M IPO

Jupiter Wellness Acquisition Corp. announced the pricing of its upsized $120 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “JWACU” Tuesday, December 7.

The new SPAC intends to focus its search on targets in the healthcare industry with an enterprise value of approximately $300 million to $1 billion. Jupiter Wellness is led by CEO and Chairman of the Board Brian S. John, and CFO and Secretary Ke Li.

Total SPAC deal count for 2021 year-to-date is now 572. This offering is expected to close on Thursday, December 9.

I-Bankers Securities, Inc. acted as sole book-running manager of the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Shearman & Sterling LLP serving as Underwriter’s Counsel. MaloneBailey, LLP serves as auditor. American Stock Transfer & Trust Company is acting as trustee.