Press Releases July 30, 2026 02:04 PM

SRX Global Acquires Shares in Jersey Mike’s $1 Billion Initial Public Offering

SRX Global invests in Jersey Mike's $1 billion IPO, marking a key entry into fast-casual dining market

By Hana Yamamoto
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SRX Global Inc. has acquired shares in the initial public offering of Jersey Mike's, a fast-casual restaurant franchisor valued at $1 billion and newly listed on the New York Stock Exchange under the ticker JMKE. This move aligns with SRX's strategy of leveraging AI-driven investments in high-potential companies.

SRX Global Acquires Shares in Jersey Mike’s $1 Billion Initial Public Offering
JMKE
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Key Points

  • Jersey Mike's IPO priced at $23 per share with a $1 billion valuation, now trading on NYSE as JMKE.
  • SRX Global utilizes AI and data analytics to invest in strategic assets and high-conviction companies, including this recent acquisition.
  • The fast-casual dining sector is impacted by this development, signaling confidence in restaurant growth post-IPO.

NORTH PALM BEACH, Fla., July 30, 2026 (GLOBE NEWSWIRE) -- SRX Global Inc. (NYSE American: SRXH) (the “Company”, or “SRX”), an AI-enabled platform dedicated to generating long-term shareholder value through investments in high-conviction operating companies and strategic assets, today announced that it acquired shares in the initial public offering of Jersey Mike’s, a leading fast-casual restaurant franchisor with more than 3,300 locations across the United States and Canada, which priced its Class A common shares at $23.00 per share yesterday at a total valuation of $1 billion and began trading on the New York Stock Exchange today under the ticker JMKE.

About SRX Global Inc.

SRX Global is an AI-driven platform focused on generating long-term shareholder value through investments in high-conviction operating companies, strategic assets, and technology-enabled opportunities. The Company leverages proprietary technology, data analytics, and disciplined capital allocation to identify and manage investments across multiple sectors.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "expect," "intend," "aim," "plan," "may," "could," "target," and similar expressions are intended to identify forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks include, but are not limited to, the ability to complete the proposed transaction, shareholder approvals, market conditions, regulatory considerations, and other risks described in the Company's filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date made, and the Company undertakes no obligation to update them, except as required by law.

Company Contact

SRX Global
Kent Cunningham, Chief Executive Officer

Investor Relations Contact

KCSA Strategic Communications
Valter Pinto, Managing Director
212-896-1254
[email protected]


Risks

  • Potential market volatility and economic conditions could affect Jersey Mike's post-IPO stock performance.
  • Regulatory approvals and shareholder decisions may impact the transaction and subsequent operations.
  • Competition in the fast-casual restaurant sector could influence Jersey Mike's growth and profitability.

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