SPAC Jones Ventures INTL Acquisition1 Closes $200 Million IPO on Nasdaq

Jones Ventures INTL Acquisition1 Corp., a special purpose acquisition company (SPAC), announced it has closed its initial public offering, raising gross proceeds of $200 million. The company's units began trading on the Nasdaq Global Market on July 14, 2026, under the ticker symbol "JONEU."

Offering Details

The IPO consisted of the sale of 20,000,000 units at a price of $10.00 per unit, according to the company's statement. JonesTrading Institutional Services LLC acted as the sole book-running manager for the offering.

Each unit sold in the IPO contains:

• One Class A ordinary share.
• One right to receive one-eighth (1/8) of a Class A ordinary share upon the completion of an initial business combination.

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Once the securities begin separate trading, the Class A ordinary shares and rights are expected to be listed under the symbols "JONE" and "JONER," respectively. The underwriters also have a 45-day option to purchase up to an additional 3,000,000 units to cover over-allotments.

Company Strategy

Jones Ventures INTL Acquisition1 is a blank check company, a vehicle formed specifically to raise capital through an IPO for the purpose of acquiring or merging with an existing private company. The proceeds are held in a trust account while management seeks a suitable target for a business combination.

The SPAC is led by Chairman Harsha Agadi, Chief Executive Officer Alan F. Hill, and Chief Financial Officer Bryan Turley. The U.S. Securities and Exchange Commission (SEC) had declared the company's registration statement effective on July 13, 2026, paving the way for the public offering.