JAWS Juggernaut to Shut Down and Redeem Stock June 22

JAWS Juggernaut Acquisition said its board has decided not to pursue an extension and will instead cease operations June 22 with redemptions to begin the following day.

The per-share redemption price will be approximately $10.33.

The SPAC said last month it would ask shareholders for a one-year extension. Jaws Juggernaut raised $240 million in an IPO two years ago with plans to focus on wireless communications and related technology/product/service businesses.

aws Juggernaut is led by Chairman , who founded Starwood Capital in 1991 and currently serves as chairman and CEO. Starwood Capital is a private alternative investment firm focused on global , hotel management, oil and gas, and infrastructure with over $73 billion of AUM. Read more.


Source: JAWS Juggernaut to Shut Down and Redeem Stock June 22