Jupiter Wellness Acquisition Corp. (NASDAQ: JWACR) operates as a blank check company, or special purpose acquisition company (SPAC), whose sole purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities; it focuses on targets in the healthcare industry with enterprise values of approximately $300 million to $1 billion. The company offers no operational products or services of its own, generating no revenues, and maintains a trust account holding proceeds from its initial public offering for deployment in an acquisition. Founded in 2021 and headquartered at 1061 East Indiantown Road, Suite 110, Jupiter, Florida, it conducts no substantive operations beyond pursuing a business combination target. In 2023, Jupiter Wellness Acquisition Corp. announced and pursued a business combination with Chijet Motor Company, Inc., a developer and manufacturer of electric vehicles based in Yantai, China, which closed on June 1, 2023, with the combined entity trading under the ticker CJET on Nasdaq; however, following the merger, JWACR rights continued trading separately amid compliance issues, with the company now operating as a shell entity potentially facing delisting.