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A consultant's blank check: Jensyn Acquisition sets terms for $40 million IPO

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Jensyn Acquisition, a blank check company formed to acquire consulting businesses, announced terms for its IPO on Monday.

The Freehold, NJ-based company plans to raise $40 million by offering 4.0 million units for $10 each. At that price, Jensyn Acquisition would command a fully diluted market value of $52 million. Insiders plan to invest $2.5 million in a concurrent private placement at $10 per unit. Units consist of one share of common stock and one-half of one warrant, exercisable as whole warrants at $11.50.

Jensyn Acquisition, which was founded in 2014, plans to list on the Nasdaq under the symbol JSYNU. Chardan Capital Markets is the sole bookrunner on the deal.

The article A consultant's blank check: Jensyn Acquisition sets terms for $40 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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