Juniper II Corp. Announces Full Exercise of Over-Allotment Option and Closing of $299 Million Initial Public Offering
08 Novembre 2021 - 10:05PM
Business Wire
Juniper II Corp. (the “Company”) announced today the closing of
its initial public offering of 29,900,000 units, including
3,900,000 units sold pursuant to the full exercise of the
underwriters’ over-allotment option, at a price of $10.00 per unit.
Total gross proceeds from the offering were $299,000,000, before
deducting underwriting discounts and commissions and other offering
expenses. The units began trading on the New York Stock Exchange
(the “NYSE”) under the ticker symbol “JUN.U” on November 4, 2021.
Each unit consists of one share of Class A common stock of the
Company and one-half of one warrant, with each whole warrant
entitling the holder thereof to purchase one share of Class A
common stock of the Company at a price of $11.50 per share. Once
the securities comprising the units begin separate trading, the
shares of Class A common stock and warrants are expected to be
listed on the NYSE under the symbols “JUN” and “JUN WS,”
respectively.
Morgan Stanley & Co. LLC and UBS Securities LLC acted as
joint book-running managers for the offering.
The offering has been made only by means of a prospectus. Copies
of the prospectus may be obtained from Morgan Stanley & Co.
LLC, Attention: Prospectus Department, 180 Varick Street, 2nd
Floor, New York, NY 10014, or by email at
prospectus@morganstanley.com; or UBS Securities LLC, Attention:
Prospectus Department, 1285 Avenue of the Americas, New York, NY
10019, by telephone at (888) 827-7275 or by email at
ol-prospectusrequest@ubs.com.
A registration statement relating to the securities became
effective on November 3, 2021 in accordance with Section 8(a) of
the Securities Act of 1933, as amended. This press release shall
not constitute an offer to sell or the solicitation of an offer to
buy, nor shall there be any sale of these securities in any state
or jurisdiction in which such offer, solicitation, or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Juniper II Corp.
Led by former Honeywell International Inc. veterans, Roger
Fradin and Murray Grainger, Juniper II Corp. is a blank check
company formed for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses. The
Company’s efforts to identify a prospective target business will
not be limited to a particular industry, although it intends to
focus its search for a target business within the industrial
sector. Juniper II Corp. follows the previously announced business
combination between Janus International Group, Inc. (“Janus”),
Clearlake Capital Group, L.P. and Juniper Industrial Holdings, Inc.
Janus is a leading global manufacturer and supplier of turn-key
building solutions and new access control technologies for the
self-storage and other commercial and industrial sectors, which
began trading on June 8, 2021 on the NYSE under the ticker symbol
“JBI.”
Forward Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the listing
on the NYSE of the shares and warrants underlying the units.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company’s registration
statement and prospectus for the Company’s offering filed with the
Securities and Exchange Commission (“SEC”). Copies are available on
the SEC’s website, www.sec.gov. The Company undertakes no
obligation to update these statements for revisions or changes
after the date of this release, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20211108005980/en/
Murray Grainger Chief Executive Officer murray@juniperspac.com
+1 (650) 292-9660
Noah Kindler Chief Financial Officer and Chief Technology
Officer noah@juniperspac.com +1 (650) 292-9660
Juniper II (NYSE:JUN.U)
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