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Financial industry veteran's SPAC Just Another Acquisition files for a $60 million IPO

February 16, 2021

Just Another Acquisition, a blank check company formed by the Managing Partner of Broadband Capital Partners, filed on Tuesday with the SEC to raise up to $60 million in an initial public offering.

The New York, NY-based company plans to raise $60 million by offering 6 million shares at $10. Unlike many SPACs, warrants will not be attached to the common shares. At the proposed deal size, Just Another Acquisition will command a market value of $75 million.

The company is led by CEO, CFO, and Chairman Philip Wagenheim, who serves as Managing Partner of Broadband Capital Partners and previously co-founded Broadband Capital Management in 2000. Just Another Acquisition intends to target businesses with enterprise values of $300 million to $1 billion.

Just Another Acquisition was founded in 2021 and plans to list on the Nasdaq under the symbol JAAC. Ladenburg Thalmann is the sole bookrunner on the deal.