JVSPAC Acquisition Corp. (JVSA) Prices $50M IPO


JVSPAC Acquisition Corp. (JVSA) Prices $50M IPO

JVSPAC Acquisition Corp. (NASDAQ: JVSA) announced the pricing of its $50 million IPO this morning. Its units are expected to begin trading on the Nasdaq under the symbol “JVSAU” on Friday, January 19, 2024. After the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on the Nasdaq under the symbols “JVSA” and “JVSAR”, respectively.

The company intends to combine with a target at the intersection of the lifestyle sectors and technology with a total enterprise value ranging from $100 million to $600 million. JVSPAC is led by CEO and Chairman Albert Wong and CFO Mr. Claudius Tsang.

Total SPAC deal count for 2024 year-to-date is now 1. This offering is expected to close on Tuesday, January 23, 2024.

Maxim Group LLC acted as sole book running manager in the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Cavas Pavri, Esq. serving as Underwriter’s Counsel. Marcum Asia CPAs LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.