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.
Terms Tracker for the Week Ending May 30, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. May went out with a bang. Four more IPOs priced this week, bringing the monthly tally to 22 and the YTD total to 53. That...
June is set to be one of the quietest months in some time in terms of sponsors and de-SPAC’d companies coming free from their lock-ups, owing to the quieter periods for transactions closing that occurred six and 12 months ago. Up first will be company shareholders for East Asian media conglomerate TNL Mediagene (NASDAQ:TNMG) on...
Pioneer I (NASDAQ:PACHU) has filed for a $220 million SPAC to hunt for a healthcare target with a mix of industry veterans heading up its team. The new SPAC is the 12th new S-1 underwritten by Cantor Fitzgerald this year as left lead as it hopes to join the 10 SPACs that the underwriter has...
At the SPAC of Dawn This week comes to an end with a flurry of SPAC votes including three special meetings called for shareholders to approve business combinations. Aetherium (OTC:GMFI) was also scheduled to seek shareholder approval for its extension proposal, but has punted this vote for two weeks to June 13. Two of today’s...
At the SPAC of Dawn After multiple days of market rallies, traders are set to ingest a full plate of economic indicators today with jobless claims coming first, followed by a GDP growth revisions, home sales and a raft of Fed comments. GDP figures for the first quarter are broadly forecast to be revised downward...