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Microcap SPAC Jensyn Acquisition prices $39 million IPO at $10 per unit

March 2, 2016
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Jensyn Acquisition, a blank check company formed to acquire an IT consulting business, raised $39 million by offering 3.9 million units at $10.

It had originally planned to raise $40 million by offering 4 million units. As a blank check company, Jensyn Acquisition does not count toward our IPO stats.

Jensyn Acquisition plans to list on the Nasdaq under the symbol JSYNU. Chardan Capital Markets acted as a lead manager on the deal.