Jack Creek Investment Corp.
JCIC
NASDAQ Capital Market10.19
USD
+0.57
- -
Jack Creek Investment Corp.
JCIC
(NASDAQ Capital Market)
Recent
price
10.19
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Jack Creek Investment Corp. (NASDAQ: JCIC) operates as a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, initially targeting technology innovators in the food, grocery logistics, and supply chain ecosystems amid eCommerce-driven disruption; it generates no significant independent operations or products. Incorporated in 2020 as a Cayman Islands exempted company and headquartered at 386 Park Avenue South, 20th Floor, New York, New York, the company raised $345 million in its initial public offering on January 22, 2021, through 30 million units at $10 each, upsized from an initial plan and underwritten by UBS Investment Bank and J.P. Morgan, with proceeds held fully in trust for deployment in a target transaction. In its most significant development, Jack Creek completed a $1.126 billion business combination with Bridger Aerospace Group Holdings, LLC on January 24, 2023, following shareholder approval at an extraordinary general meeting that day; the deal, announced August 4, 2022, resulted in the combined entity operating as Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER), with Jack Creek becoming a subsidiary, Bridger's common stock and warrants trading under BAER and BAERW symbols starting January 25, 2023, and up to approximately $345 million in cash provided to the balance sheet assuming no public shareholder redemptions.
Bridger Aerospace stock set to double on first day after SPAC merger completed