JVSPAC completes IPO of 5.75M units, raises $57.5M; sponsor buys 240k private units for $2.4M

JVSPAC Acquisition Corp.

Gross proceeds of $57.5M from IPO of 5,750,000 units at $10.00 per unit.
Sponsor Winky Investments purchased 240,000 private units at $10.00 each for $2.4M.
Trust account funded with $57.5M from IPO and private placement proceeds.
Underwriter's over-allotment option fully exercised; all 5.75M units sold.
Company has 12-18 months to complete a business combination or will liquidate.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

JVSPAC Acquisition Corp.: Amended and restated memorandum and articles of association filed in connection with IPO (effective 2024-01-18).

Change: charter amendment
Effective: 2024-01-18

Exact text from the filing

On January 18, 2024, in connection with the IPO, the Company filed its Amended and Restated Memorandum and Articles of Association, as described in the Registration Statement, with the Registry of Corporate Affairs of British Virgin Islands.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

JVSPAC Acquisition Corp. entered into Underwriting Agreement with Maxim Group LLC (effective 2024-01-18).

Action: entry
Agreement: underwriting
Counterparty: Maxim Group LLC
Effective: 2024-01-18

Exact text from the filing

egistration Statement: ● An Underwriting Agreement, dated January 18, 2024, by and between the Company and Maxim Group LLC (“Maxim”); ● A Rights Agreements, dated January 18, 2024, by and between the Company and Continental Stock Transfer & Trust Company; ● Letter Agreements, dated January 18, 2024, by and between the Company’s officers, directors, shareholders, Winky Investments Limited, and Maxim; ● An Investment Management Trust Agreement, dated January 18, 2024, by and between Continental Stock Transfer & Trust Company and the Company; ● A Registration Rights Agreement, dated January 18, 2024, by and among the Company Winky Investments Limited, and Maxim; and ● A Unit Subscription Agreement, dated January 18, 2024, by and between the Company and Winky Investments Limited; On January 23, 2024, the Company consummated

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Source: SEC EDGAR

accession 0001104659-24-006243

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