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JUGG

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Jaws Juggernaut Acquisition Corp

10.33
-0.01 (-0.10%)
Last Update: 26 Jun 2023 16:30:00
Yesterday: 10.34
Day's Range: 10.33 - 10.33
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When Written:
 
10.23
Jaws Juggernaut Acquisition Corp is a special purpose acquisition company (SPAC) that was formed in 2021 by Jaws Spitfire Acquisition Corporation and Jaws Juggernaut Acquisition Corporation. The company's goal is to acquire and merge with a private company, allowing that company to go public without going through the traditional initial public offering (IPO) process.

Jaws Juggernaut Acquisition Corp is led by CEO Barry Sternlicht, who is also the CEO of Starwood Capital Group. The company raised $240 million in its initial public offering in February 2021 and is listed on the New York Stock Exchange under the ticker symbol "JUGGU."

The company's focus is on acquiring a business in the technology, healthcare, or consumer sectors. Jaws Juggernaut Acquisition Corp aims to find a target company that has a strong growth potential and a sustainable competitive advantage.

As a SPAC, Jaws Juggernaut Acquisition Corp has a limited time frame to complete a merger or acquisition, typically two years from its IPO. If the company does not complete a transaction within this time frame, it will be required to return the funds raised in its IPO to its shareholders.

Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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