other material
confidence high
sentiment neutral
materiality 0.50
JATT II Acquisition Corp completes $60M IPO; $60M placed in trust account
JATT II Acquisition Corp.
- IPO of 6,000,000 ordinary shares at $10.00 per share raised $60M gross proceeds.
- Private placement of 300,000 shares to Sponsor JATT Ventures II L.P. raised $3M.
- $60M ($10.00 per public share) deposited in trust account; $2.4M cash held outside trust.
- Working capital of $1.75M; transaction costs totaled $2,881,539; shareholders' deficit of $46,323.
- Underwriters have 45-day over-allotment option for up to 900,000 additional shares.