Jena Acquisition Corporation II Announces the Separate Trading of its Class A Ordinary Shares and Rights, Commencing July 21, 2025

Rhea-AI Summary

Jena Acquisition Corporation II (NYSE: JENA.U) has announced that starting July 21, 2025, holders of units from its initial public offering will have the option to separately trade the company's Class A ordinary shares and rights. The separated components will trade on the NYSE under the symbols "JENA" for Class A ordinary shares and "JENA.R" for rights.

Units that remain unseparated will continue trading under the existing symbol "JENA.U" on the NYSE. The company emphasized that this announcement does not constitute an offer to sell or solicitation to buy securities in jurisdictions where such actions would be unlawful without proper registration.

New York, NY, July 16, 2025 (GLOBE NEWSWIRE) -- Jena Acquisition Corporation II (NYSE: JENA.U) (the “Company”) announced today that, commencing July 21, 2025, holders of the units sold in the Company’s initial public offering may elect to separately trade the Company’s Class A ordinary shares and rights included in the units. The Class A ordinary shares and rights that are separated will trade on the New York Stock Exchange under the symbols “JENA” and “JENA.R,” respectively. Those units not separated will continue to trade on the New York Stock Exchange under the symbol “JENA.U.”

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Jena Acquisition Corporation II

The Company is a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue a business combination in any business or industry, it intends to capitalize on the ability of its management team and initially focus its search on identifying a prospective target business that can benefit from its co-founder and Chairman William P. Foley, II’s and its co-founder and Chief Executive Officer Richard N. Massey’s historical areas of business expertise.

Forward-Looking Statements

This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Company Contact

Jena Acquisition Corporation II
Richard N. Massey, CEO
jenaacquisition.com 

FAQ

When will Jena Acquisition Corporation II (JENA) begin separate trading of its shares and rights?

Jena Acquisition Corporation II will begin separate trading of its Class A ordinary shares and rights on July 21, 2025 on the NYSE.

What are the new trading symbols for Jena Acquisition Corporation II's (JENA) separated securities?

The Class A ordinary shares will trade under JENA and rights under JENA.R, while unseparated units will continue trading as JENA.U.

What happens to existing JENA.U units after the separation?

Existing units that are not separated will continue to trade on the NYSE under the symbol JENA.U.

Can investors choose whether to separate their JENA.U units?

Yes, holders of JENA.U units may elect to separately trade the Class A ordinary shares and rights, but it is not mandatory.