Jena Acquisition Corporation II (JENA.U) Prices $200M IPO

Jena Acquisition Corporation II (NASDAQ:JENAU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “JENA.U”, Thursday, May 29, 2025.

The new SPAC plans to combine with a target company in one of the areas of expertise of its founders, which include fintech, entertainment, consumer and real estate, among others.

Jena II’s management team is led by Co-Founder and Chairman William P. Foley II, Co-Founder, Chief Executive Officer Richard N. Massey, General Counsel and Corporate Secretary Michael L. Gravelle, and Chief Financial Officer and Treasurer Amanda Sturgeon. The Board also includes Dabbs Cavin, Dexter Fowler and Tim Hsia.

Total SPAC deal count for 2025 year-to-date is now 52. This offering is expected to close on Friday, May 30, 2025.

Santander is acting as sole book-running manager in the offering. Ellenoff, Grossman & Schole LLP is serving as Issuer’s Counsel with Davis Polk & Wardwell LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.