Jena Acquisition II, a blank check company led by SPAC veterans Bill Foley and Richard Massey, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one right to receive one-twentieth of a share upon the completion of an initial business combination.
Jena Acquisition II is led by Chairman Bill Foley, founder and Chairman of Fidelity National Financial (NYSE: FNF), and CEO and Director Richard Massey, who most recently served as CEO of Cannae Holdings. Foley and Massey have led several previous SPACs.
Jena Acquisition II plans to target a business that fits within management's historical areas of business expertise, such as financial technology, business services, entertainment & sports, consumer & retail (particularly wine and spirits), real estate, insurance, and general financial institutions.
Jena Acquisition II plans to list on the NYSE under the symbol JENA.U. Santander acted as sole bookrunner on the deal.
