Jack Creek Investment Corp.
JCICU
NASDAQ Capital Market10.02
USD
-0.15
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Jack Creek Investment Corp.
JCICU
(NASDAQ Capital Market)
Recent
price
10.02
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Jack Creek Investment Corp is a special purpose acquisition company (SPAC) incorporated as a Cayman Islands exempted company focused on effecting mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations. The company primarily targets businesses in the food and grocery supply chain sectors and operates with the purpose of acquiring one or more businesses and assets. Jack Creek offers investment products and services related to its acquisition activities and partnership endeavors. The company has raised significant capital through IPOs, including a $300 million upsized initial public offering priced in January 2021, managed by UBS Investment Bank and J.P. Morgan, and remains listed on Nasdaq under the ticker symbol JCICU. In recent major corporate developments, Jack Creek secured shareholder approval in early 2023 for a business combination with Bridger Aerospace Group Holdings, LLC, a move indicating an expansion beyond its initial industry focus and signaling diversification into aerospace services. This business combination, approved in an extraordinary general meeting in January 2023, marked a significant strategic shift and the planned closing of this transaction immediately following shareholder consent. The company also canceled an extraordinary general meeting that was originally intended to vote on an extension for consummating a business combination, reflecting confidence in timely transaction closure. Jack Creek Investment Corp was founded with executive leadership including Executive Chairman Jeffrey Kelter and CEO Robert Savage, both affiliated with KSH Capital. It is headquartered in the Cayman Islands and operates primarily through its merger and acquisition activities within North America, with newly expanding footprints in aerospace following the Bridger Aerospace merger. The company's business model centers on identifying and acquiring growth-stage businesses through strategic capital markets transactions rather than manufacturing or traditional product sales, focusing on maximizing shareholder value through successful mergers and business combinations. This description incorporates Jack Creek Investment Corp’s core SPAC operations, recent acquisition activity in aerospace, its geographic and leadership context, and its major capital market moves to provide a comprehensive and factual company profile fit for financial databases.
Jack Creek Investment Corp. Announces Pricing of $300 Million Upsized Initial Public Offering