
InvestmentApr 24, 2026, 05:12 PM
JATT II Acquisition Corp Completes $60M IPO & $3M Private Placement
AI Summary
JATT II Acquisition Corp. successfully completed its initial public offering on April 20, 2026, raising $60 million from the sale of 6 million ordinary shares at $10.00 each. Concurrently, the company finalized a private placement, generating an additional $3 million from the sale of 300,000 shares to JATT Ventures II L.P. A total of $60 million from these offerings, including deferred underwriters' fees, has been deposited into a trust account for public shareholders.
Key Highlights
- IPO raised $60,000,000 from 6,000,000 ordinary shares at $10.00/share.
- Private placement generated $3,000,000 from 300,000 shares at $10.00/share.
- Underwriters hold a 45-day option for an additional 900,000 shares.
- A total of $60,000,000 net proceeds deposited into a trust account.