Jena Acquisition Corp. II closes $230M SPAC IPO; trust funded with $230M

JENA ACQUISITION Corp II

Closed IPO of 23,000,000 units at $10.00 each, including full exercise of over-allotment, for gross proceeds of $230M.
Sponsor private placement of 225,000 units at $10.00 each for $2.25M completed simultaneously.
$230M placed in trust account; audited balance sheet shows total assets of $231.8M as of May 30, 2025.
Shareholders' deficit of $12.4M reflects offering costs and redemption value of 23,000,000 public shares.
Each unit consists of one Class A ordinary share and one right to receive 1/20 share upon initial business combination.

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