By Ben Glickman
JVSPAC Acquisition Corp., a special-purpose acquisition company, on Thursday filed for an initial public offering with the U.S. Securities and Exchange Commission.
The blank-check company said it would sell 5 million units for $10 each. Each unit will include one share of the company and the right to receive one-fourth of a share once the company completes an initial combination.
The company plans to list its shares on the Nasdaq Capital Market under the ticker JVSAC.
JVSPAC said it was looking to enact a merger with a growth company with an enterprise value between $100 million and $600 million. The company intends to merge with a lifestyle or technology company.
Maxim Group is listed as the underwriter of the offering.
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