Jackson Acquisition Company (RJAC.U) Prices $200M IPO


Jackson Acquisition Company (RJAC.U) Prices $200M IPO

Jackson Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “RJAC.U” Thursday, December 9.

The new SPAC intends to concentrate its search on businesses with a focus on healthcare services, healthcare technology, or otherwise focused on the healthcare industry. Jackson is led by Chairman of the Board of Directors John Ellis “Jeb” Bush, President and Chief Executive Officer Richard L. Jackson, and Chief Financial Officer and Treasurer Douglas B. Kline.

Total SPAC deal count for 2021 year-to-date is now 579. This offering is expected to close on Monday, December 13.

BofA Securities is acting as sole book-running manager and sole underwriter for the offering. Wilmer Cutler Pickering Hale and Dorr LLP is serving as Issuer’s Counsel with Sidley Austin LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.