Jackson Acquisition, a blank check company led by Jeb Bush targeting healthcare, filed on Thursday with the SEC to raise up to $300 million in an initial public offering.
The Alpharetta, GA-based company plans to raise $300 million by offering 30 million units at $10. Each unit consists of one share of common stock and 1/3 of a warrant, exercisable at $11.50. At the proposed deal size, Jackson Acquisition will command a market value of $375 million.
The company is led by Chairman Jeb Bush, who previously was the 43rd Governor of Florida from 1999 to 2007. He is joined by CEO and President Richard Jackson, who founded Jackson Healthcare in 2000 and serves as its Chairman and CEO. Given the operational experience of its management team in the healthcare services sector, Jackson Acquisition believes it is well-positioned to capitalize on key trends and opportunities in the post-COVID-19 world of healthcare.
Jackson Acquisition was founded in 2021 and plans to list on the NYSE under the symbol RJAC.U. BofA Securities is the sole bookrunner on the deal.
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