Ogier advises JVSPAC Acquisition Corp on US$57.5 million SPAC IPO

Ogier has acted as British Virgin Islands counsel to JVSPAC Acquisition Corp, a special purpose acquisition company (SPAC) incorporated in the British Virgin Islands, on its US$57.5 million initial public offering (IPO) on Nasdaq.

The company announced the closing of the IPO of its 5,750,000 units (including 750,000 over-allotment units) at an offering price of US$10 per unit on 23 January 2024. The units issued by the company started trading under the ticker symbols JVSAU on the Nasdaq Global Market on 19 January 2024.

JVSPAC Acquisition Corp intends to pursue business combinations with targets that are at the intersection of the lifestyle sectors and technology.

Ogier's team in Hong Kong was led by partner Rachel Huang with support from the firm’s global head of Corporate Nathan Powell, legal manager Chloe Yip and paralegal Brian Chu. They worked closely with the company's US counsel Loeb & Loeb LLP. Maxim Group LLC acted as the sole book-running manager for the offering.