JAB Acquisition Corp I closes IPO of 17.25M units at $10/unit, raising $172.5M

JAB Acquisition Corp I

IPO of 17,250,000 units closed on June 11, 2026, generating gross proceeds of $172.5 million.
Simultaneous private placement of 260,000 units to sponsor at $10/unit raised additional $2.6 million.
Net proceeds of $172.5M placed in trust account; total assets $173.4M, liabilities $549k.
Audited balance sheet shows $337k shareholders' equity; trust holds $10 per public share.
Going concern note: SPAC must complete business combination within 12 months or liquidate.

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