JATT II Acquisition closes $60 million IPO of 6 million shares at $10.00 each
JATT II Acquisition Corp, a Cayman Islands blank check company, closed its initial public offering of 6,000,000 ordinary shares at $10.00 per share on April 20, 2026, for gross proceeds of $60 million. The company said $60 million from the IPO and a private placement to its sponsor was placed in a U.S.-based trust account, and funds will generally stay there until a business combination or a shareholder-approved redemption, with a 24-month deadline to complete a business combination.
Key points
- IPO of 6,000,000 ordinary shares at $10.00 per share, generating $60,000,000 in gross proceeds; underwriters have a 45-day option to buy up to 900,000 more shares
- Private placement of 300,000 shares to sponsor JATT Ventures II L.P. at $10.00 per share, generating $3,000,000
- Trust account holds $60,000,000; if no business combination is completed within 24 months of the IPO closing, public shares are to be redeemed
- Ordinary shares began trading on Nasdaq under the ticker JATT on April 17, 2026; Verender S. Badial, Christopher Staral, Arjun Goyal and Jonathon Kluft were appointed independent directors on April 16, 2026
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 20, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.