Jones Ventures INTL Acquisition1 Corp filed Amendment No. 2 to its Form S-1, solely to refile the filing fee table while leaving the rest of the registration statement unchanged. The amendment restates disclosures on offering expenses, indemnification, recent unregistered issuances, exhibits, undertakings and signatures.
The company estimates non-underwriting offering expenses of $1,050,000, including legal fees of $325,000, a $300,000 payment to a qualified independent underwriter and other accounting, listing, travel, trustee and printing costs. The sponsor acquired an aggregate of 7,666,667 Class B founder shares for $25,000, or approximately $0.003 per share, sized so these are expected to equal 25% of ordinary shares after an offering that could reach 23,000,000 units if the underwriters’ over-allotment option is fully exercised. Separately, the sponsor and the underwriters have committed to buy 645,000 private placement units at $10.00 per unit, for $6,450,000, in a concurrent exempt private placement.