Jaws Mustang Acquisition Corporation
JWSM-UN
New York Stock Exchange11.48
USD
+0.17
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Jaws Mustang Acquisition Corporation
JWSM-UN
(New York Stock Exchange)
Recent
price
11.48
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Jaws Mustang Acquisition Corporation (JWSM-UN) operates as a blank check company whose sole purpose focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The company conducts no significant operations other than seeking and completing an initial business combination; it holds funds primarily in a trust account to pursue such transactions. Incorporated in 2020 as a Cayman Islands exempted company, Jaws Mustang Acquisition Corporation maintains its headquarters at 2340 Collins Avenue, Suite 800, Miami Beach, Florida 33139, United States. Led by Chairman Barry S. Sternlicht, founder of Starwood Capital Group, and Chief Executive Officer Andrew Klaber, the company targets opportunities primarily in North America and Europe, with a focus on businesses exhibiting clear paths to organic and inorganic growth. Its sponsor, Mustang Sponsor LLC, affiliates with Jaws Estates Capital, the family office of Mr. Sternlicht. The firm plans to deploy IPO proceeds, originally raised at $900 million through 90 million units priced at $10 each, toward identifying, evaluating and consummating business combinations. In recent developments, Jaws Mustang Acquisition Corporation entered a non-binding letter of intent on March 8, 2024, with Starwood Capital Group affiliates for a hospitality portfolio including the 1 Hotel Central Park in Manhattan; Starwood Capital accepted a competing offer from Host Hotels & Resorts Inc., completing the acquisition of that property on July 31, 2024. Unable to identify suitable replacement hotel assets, the company suspended pursuit of the hospitality business combination on October 31, 2024. NYSE American subsequently suspended trading in its securities due to failure to complete a business combination within the required timeframe.