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SPAC Jones Ventures INTL Acquisition1 Prices $200 Million IPO on Nasdaq
Summary
The blank check company is offering 20 million units at $10.00 each, raising $200 million in capital to fund a future business combination. The units will trade on the Nasdaq Global Market under the ticker 'JONEU'.
Jones Ventures INTL Acquisition1 Corp., a special purpose acquisition company (SPAC), has priced its initial public offering of 20 million units at $10.00 per unit, raising gross proceeds of $200 million. The company announced that its units are set to begin trading on the Nasdaq Global Market under the ticker symbol "JONEU."
Offering Details
Each unit sold in the IPO consists of one Class A ordinary share and one right to receive one-eighth of a Class A ordinary share. This right becomes exercisable upon the completion of the company's initial business combination.
Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on Nasdaq under the symbols JONE and JONER, respectively. The offering is being managed by JonesTrading Institutional Services LLC, which is acting as the sole book-running manager.
Underwriters have a 45-day option to purchase up to an additional 3,000,000 units at the IPO price to cover potential over-allotments.
AdCompany Strategy
As a blank check company, Jones Ventures INTL Acquisition1 was formed to effect a merger, asset acquisition, or similar business combination with one or more businesses. The capital raised from this IPO will be held in a trust account to fund such a transaction.
The SPAC's leadership team includes Chairman Harsha Agadi, Chief Executive Officer Alan F. Hill, and Chief Financial Officer Bryan Turley. The U.S. Securities and Exchange Commission (SEC) declared the company's registration statement effective on July 13, 2026.