With blank company filings flooding at a record pace, a new listing captures the spirit of the increase.
A Just Another Acquisition Corp. filed a request on Tuesday with the United States Securities and Exchange Commission to raise $ 60 million for an acquisition in an unspecified sector.
After thirty trading sessions in the year, 145 new special purpose acquisition companies, or SPACs, went public in the United States – an average of 4.8 per day. At this rate, it will take less than a month for the volume to exceed last year’s $ 83 billion, which is more than in the previous decade combined, according to data compiled by Bloomberg.
Just Another Acquisition will seek targets ranging from $ 300 million to $ 1.0 billion, including debt, according to its document.
Philip Wagenheim, former managing partner of Broadband Capital Partners LLC, is executive director, chief financial officer and president of SPAC.
Ladenburg Thalmann is the offer consultant. Just Another Acquisition aims to trade on the Nasdaq Capital Market under the symbol JAAC.