Jaws Mustang Acquisition Corp.
JWSM-WT
New York Stock Exchange0.02
USD
-0.02
- -
CIK
0001831359
Return %
Stock
S&P500
1Y
3.53
18.21
3Y
-69.55
64.38
5Y
-69.55
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Andrew Klaber
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1601 Washington Avenue Miami Beach United States of America 33139
- CIK
- 0001831359
- Website
- jawsspac.com
- Similar Companies
- Business
- Jaws Mustang Acquisition Corp is a special purpose acquisition company (SPAC) incorporated in 2020 and headquartered in Miami Beach, Florida. It focuses on effecting mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more businesses or entities, primarily targeting the hospitality and real estate sectors. The company does not have significant operations of its own but serves as a vehicle to acquire or merge with businesses, leveraging its capital-raising capabilities. Its core activity involves sourcing and pursuing strategic acquisitions that align with its investment focus, particularly in hospitality and real estate assets. Jaws Mustang Acquisition Corp's latest major developments include suspending its previously announced business combination plans in the hospitality sector. In March 2024, it entered into a non-binding letter of intent with investment affiliates of Starwood Capital Group to acquire a portfolio of hotels including the 1 Hotel Central Park in Manhattan. However, after Starwood Capital accepted a competing offer from Host Hotels & Resorts, the acquisition completed in July 2024, and Jaws Mustang was unable to identify suitable replacement hotel assets for the portfolio. Consequently, in late 2024, the company announced its suspension of further pursuit of the hospitality business combination. Additionally, the firm transferred its stock listing from the New York Stock Exchange to NYSE American in March 2023 to benefit from more favorable listing requirements while maintaining SEC reporting obligations. In November 2024, the company extended its business combination deadline into early 2025 to provide more time for strategic transactions. Jaws Mustang Acquisition Corp operates primarily in the financial and investment industry segments, serving institutional and accredited investors interested in growth through the acquisition of hospitality, real estate, and related assets. It is led by Chairman Barry S. Sternlicht, a prominent figure in real estate finance, and Chief Executive Officer Andrew Klaber. The company aims to create value through mergers or acquisitions of targeted businesses with growth potential, focusing notably on the luxury and sustainable hospitality market segments as evidenced by its prior Starwood partnership efforts. The company remains publicly traded under the ticker JWSM on the NYSE American exchange. Its business model capitalizes on raising capital through IPO units consisting of shares and warrants to finance acquisition pursuits. The company has yet to complete a definitive business combination and continues to explore opportunities aligned with its investment strategy. This description reflects the company's business profile, core operational focus, key assets, latest strategic shifts, and its market positioning as a SPAC targeting hospitality and real estate-related opportunities. All information is current as of late 2024 and early 2025.