Jeb Bush's SPAC Jackson Acquisition prices $200 million IPO

Jackson Acquisition, a blank check company led by Jeb Bush targeting healthcare, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.

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 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 plans to list on the NYSE under the symbol RJAC.U. BofA Securities acted as sole bookrunner on the deal.