With the presentation of blank company information at a record pace, a new tab captures the spirit of the increase.
Just Another Acquisition Corp. presented this Tuesday to the U.S. Securities and Exchange Commission to raise $ 60 million for an acquisition in an unspecified sector.
Thirty business days a year, 145 new special-purpose companies or SPACs have gone public in the U.S., averaging 4.8 per day. At this rate, the volume will take less than a month to surpass last year’s $ 83 billion, which is more than the previous decade combined, according to data compiled by Bloomberg.
According to its presentation, another acquisition will seek targets with a valuation of $ 300 billion to $ 1 billion, including debt.
Philip Wagenheim, a former managing partner of Broadband Capital Partners LLC, is CEO, Chief Financial Officer and President of SPAC.
Ladenburg Thalmann is the bid advisor. Another acquisition only seeks to trade on the Nasdaq capital market with the JAAC symbol.