JVSPAC Acquisition Corp. (JVSAU) today announced the pricing of its initial public offering of 5,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one right. Each right entitles the holder thereof to receive one-fourth (1/4) of one Class A ordinary share upon consummation of the Company's initial business combination. The units are expected to trade on the Nasdaq Capital Market ("Nasdaq") under the ticker symbol "JVSAU" beginning on January 19, 2024. Once the securities comprising the units begin separate trading, the ordinary shares and rights will be traded on Nasdaq under the symbols "JVSA" and "JVSAR," respectively.
Maxim Group LLC is acting as the sole book-running manager for the offering.
The Company has granted the underwriter a 45-day option to purchase up to 750,000 additional units at the initial public offering price less the underwriting discount to cover over-allotments, if any. The offering is expected to close on January 23, 2024, subject to customary closing conditions.
A registration statement on Form S-1 (File No. 333-275176) (the "Registration Statement") relating to the securities to be sold in the initial public offering was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on January 18, 2024. The offering is being made only by means of a prospectus. When available, copies of the prospectus relating to this offering may be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Syndicate Department, by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com, or by accessing the SEC's website, www.sec.gov.
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This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
