With the filing by empty companies flooding at a record pace, a new list captures the spirit of growth.
Just Another Acquisition Corp. filed with the U.S. Securities and Exchange Commission on Tuesday to raise $ 60 million for a purchase in an unspecified sector.
In thirty trading days this year, 145 new special purpose procurement companies or SPACs went public in the US – averaging 4.8 per day. At this rate, it will take less than a month for the volume to exceed $ 83 billion last year, which is more than the previous decade combined, according to data compiled by Bloomberg.
Just another acquisition will look for targets with a valuation of $ 300 million to $ 1.0 billion, including debt, according to its record.
Philip Wagenheim, a former managing partner at Broadband Capital Partners LLC, is the CEO, CFO and President of SPAC.
Ladenburg Thalmann is the bid advisor. Just another acquisition is looking to trade on the Nasdaq capital market under the JAAC symbol.