Jupiter Acquisition Corp. has closed its initial public offering of 15,000,000 units. The offering was priced at $10.00 per unit, generating total gross proceeds of $150,000,000.

The units are listed on the Nasdaq Capital Market and trade under the ticker symbol “JAQCU.” Each unit consists of one share of the company’s Class A common stock and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one share of Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on Nasdaq under the symbols “JAQC” and “JAQCW,” respectively.

The company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Although the company may pursue an acquisition opportunity in any business, industry, sector or geographical location, the Company currently intends to focus on acquiring a business in the consumer industry.  The Company is led by James Hauslein, president of Hauslein & Co. Inc., a private investment firm, and former chairman and chief executive officer of Sunglass Hut Intl., James Clarke, managing partner and chief executive officer of Clarke Capital Partners LLC, a private family office investment firm, and former founder, chairman and chief executive officer of Clearlink, and Gaurav Burman, managing partner of Burman Family Holdings, a private investment firm.

Nomura Securities International Inc., Brookline Capital Markets, a division of Arcadia Securities LLC, and Ladenburg Thalmann & Co. Inc. acted as joint book-running managers of the offering. The company has granted the underwriters a 45-day option to purchase up to an additional 2,250,000 units at the initial public offering price to cover over-allotments, if any.