JAB Acquisition Corp I, a Cayman Islands special purpose acquisition company, reports its first results for the period from March 10, 2026 (inception) through March 31, 2026. The company had total assets of $50,230, consisting entirely of prepaid expenses, funded primarily by a related-party promissory note of $48,895, leaving shareholder’s equity of $1,335.
It recorded a net loss of $23,665, all from formation and operating expenses, and had no cash or revenues. On June 11, 2026, after quarter-end, JAB completed its SPAC initial public offering of 17,250,000 units at $10.00 each, generating $172,500,000 of gross public proceeds, plus a private placement of 260,000 units for $2,600,000. Transaction costs totaled $3,396,791, and $811,381 of cash from these transactions was available outside the trust account.
Proceeds placed in a trust account are intended to fund a future business combination, with public shareholders given redemption rights at an initial $10.00 per share benchmark, subject to specified deductions. The company has 12 months from the IPO date to complete a business combination, extendable twice by three months each by depositing $0.10 per share per extension. Management determined these deadlines and expected costs raise substantial doubt about its ability to continue as a going concern absent a timely transaction. As of July 23, 2026, there were 18,345,000 Class A and 9,857,143 Class B ordinary shares outstanding. Disclosure controls and procedures were assessed as not effective due to limited personnel and insufficient written policies.
JAB Acquisition Corp I receives a Schedule 13G disclosing a 6.99% beneficial stake held by Feis Equities LLC and Lawrence M. Feis. The filing states 1,206,199 Class A ordinary shares beneficially owned, based on 17,250,000 shares outstanding as of June 11, 2026. The reporting persons each state sole voting and sole dispositive power over the same 1,206,199 shares.
JAB Acquisition Corp I completed its IPO, selling 17,250,000 units at $10.00 each, including the underwriters’ over-allotment, and placed $172,500,000 in a trust account. Each unit includes one Class A share, one redeemable warrant exercisable at $11.50, and one right for one‑fourth of a Class A share.
At the same time, the sponsor bought 260,000 private units for $2,600,000. The audited balance sheet shows total assets of $173,386,381, mainly the trust cash, against $549,000 of liabilities and 17,250,000 Class A shares classified as redeemable. The auditor and management highlight substantial doubt about the company’s ability to continue as a going concern because it must complete a business combination within 12 months of the IPO, with up to two three‑month extensions, or liquidate and return the trust funds to public shareholders.
Sculptor Capital reports beneficial ownership of 900,000 units of JAB Acquisition Corp I, representing 5.14% of the Class A ordinary shares. The filing states these units consist of one Class A ordinary share and one-half of one redeemable warrant (CUSIP G50004129).
The 900,000 shares are held with shared voting power and shared dispositive power. The percentage is calculated using 17,510,000 Class A ordinary shares outstanding, as cited from the issuer's Form 8-K filed June 12, 2026. Multiple Sculptor entities are listed as the reporting group and the filing is signed by Wayne Cohen on 06/16/2026.
JAB Acquisition Corp I, a Cayman Islands-based blank check company, completed its initial public offering of 17,250,000 units at $10.00 per unit, raising gross proceeds of $172,500,000. Each unit includes one Class A ordinary share, one redeemable warrant exercisable at $11.50 per share, and one right to receive one-fourth of a Class A share following a business combination.
The Sponsor purchased 260,000 private units at $10.00 each, generating $2,600,000. As of June 11, 2026, $170,330,069.74 from the IPO and private placement proceeds was placed in a trust account for public shareholders. The company also appointed three independent directors and adopted amended governing documents in connection with the IPO.
JAB Acquisition Sponsor I, LLC filed a Schedule 13D reporting beneficial ownership of 10,442,143 JAB Acquisition Corp I ordinary shares, representing 36.4% of the class based on 28,107,143 shares outstanding as of June 11, 2026.
On March 19, 2026, the sponsor bought 9,857,143 Class B shares from the company for $25,000, or about $0.002 per share. These Class B shares convert into Class A shares on a one-for-one basis in connection with the company’s initial business combination.
On June 11, 2026, the company completed its IPO of 17,250,000 units at $10.00 per unit, including the full over-allotment. The sponsor also purchased 260,000 private units at $10.00 per unit for $2,600,000, each unit including one Class A share, one redeemable warrant and one right that together entitle holders to 585,000 Class A shares.
JAB Acquisition Sponsor I, LLC filed an initial ownership report showing beneficial ownership of 9,857,143 Class B ordinary shares of JAB Acquisition Corp I. These founder shares automatically convert into Class A ordinary shares on a one-for-one basis at the company’s initial business combination and have no expiration date.
Up to 1,285,714 of these Class B shares may be forfeited if the IPO underwriter does not fully exercise its over-allotment option. The sponsor has also committed to purchase 260,000 private placement units in the IPO, each unit consisting of one Class A share, one redeemable warrant with an $11.50 exercise price, and one right to receive one-fourth of a Class A share.
JAB Acquisition Corp I is offering 15,000,000 units for $150,000,000. Each unit is $10 and contains one Class A ordinary share, one warrant exercisable at $11.50, and a right to 1/4 of a share upon a successful business combination. Up to 2,250,000 additional units may be sold in the underwriters’ 45-day over-allotment.
The offering will place $150,000,000 (or $172,500,000 if overallotment exercised) into a U.S.-based trust account. Public shareholders will have redemption rights upon a completed initial business combination. Sponsor JAB Acquisition Sponsor I, LLC purchased founder shares at $0.002 per share and private units totaling 260,000 units, creating immediate dilution risks to public shareholders.
JAB Acquisition Corp I director and CEO Joshua Jagid filed an initial ownership report showing indirect holdings of 1,314,282 Class B ordinary shares through JAB Acquisition Sponsor I, LLC. These Class B shares will automatically convert into an equal number of Class A ordinary shares upon the company’s initial business combination. Footnotes also note 173.33 private placement shares and warrants and 43 private right shares that will be issued to him at completion of the private placement.