Jupiter Wellness Acquisition closed its upsized IPO of 13.8 million units at $10 each, including 1.8 million units issued to the underwriters through the exercise of their over-allotment option in full. The units trade on the Nasdaq under the symbol JWACU. Each consists of one share of Class A common stock and one right to receive one-eighth of a share.
I-Bankers Securities was sole book-running manager of the offering.
The new SPAC will seek a target in the healthcare industry with an equity value of approximately $300 million to $1 billion. Read more.
