The SPAC IPO Buzz: JATT III Acquisition (JTTT) Jumps 15 Percent in its NASDAQ Debut
JATT III Acquisition, a newly minted healthcare SPAC, rocketed higher today in its NASDAQ debut – up 15 percent at $11.51 as the clock wound down to the closing bell.
JATT III Acquisition (JTTT), a stock-only SPAC, jumped $1.00 when it started trading – opening at $11.00.
Most SPACs trade fairly close to $10.00, the standing price for a SPAC IPO. Most SPACs also are unit deals in which each unit consists of a share of stock plus a warrant or a right – or a fraction of a warrant or a fraction of a right.
JATT III Acquisition is small – as far as SPACs go. The blank check company priced 6 million shares at $10.00 each to raise $60 million on Tuesday night, Aug. 25, 2026.
At pricing, JATT III became the 145th SPAC IPO priced so far this year.
Guggenheim Securities served as the sole book-runner.
Source: https://www.iposcoop.com/the-ipo-buzz-jatt-iii-acquisition-jttt-jumps-15-percent-in-its-nasdaq-debut/
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