SPFR - Barry Sternlicht's third SPAC Jaws Mustang Acquisition prices upsized $900M IPO
Led by Starwood Capital founder Barry Sternlicht, Jaws Mustang Acquisition Corporation (JWSMU) has priced upsized initial public offering of 90M units (from 75M) at $10/unit.Trading commences today on NYSE.Each unit consists of one Class A ordinary share and one-fourth of one redeemable warrant at $11.50/share.Underwriters' over-allotment is an additional 11.25M units. SPAC expects to focus on leading companies across a variety of industries with attractive growth-oriented characteristics and strong underlying demand drivers and with all or a substantial portion of activities in North America and/or Europe.Sternlicht's previous SPACs include Jaws Spitfire Acquisition (SPFR) went public in December 2020, and Jaws Acquisition (JWS) went public in May 2020 and has a pending merger agreement with value-based care delivery platform for seniors Cano Health.
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Barry Sternlicht's third SPAC Jaws Mustang Acquisition prices upsized $900M IPO