Jones Ventures INTL Acquisition1 Corp, a blank-check company formed to pursue a business combination, priced its initial public offering on July 13, 2026, selling 20,000,000 units at $10.00 per unit and raising $200 million.
Each unit issued in the offering comprises one Class A ordinary share together with a right to receive one-eighth of a Class A ordinary share upon the closing of an initial business combination. The units are slated to begin trading on the Nasdaq Global Market under the ticker symbol "JONEU." The company indicated that when the component securities commence separate trading, the Class A ordinary shares and the rights are expected to trade under the ticker symbols JONE and JONER, respectively.
JonesTrading Institutional Services LLC acted as the sole book-running manager for the offering. In connection with the deal, the underwriters have been granted a 45-day option to purchase up to an additional 3,000,000 units at the IPO price to address potential over-allotments.
Company leadership is identified in regulatory filings as Harsha Agadi serving as Chairman, Alan F. Hill as Chief Executive Officer, and Bryan Turley as Chief Financial Officer.
The Securities and Exchange Commission declared the company’s registration statement effective on July 13, 2026. According to the company’s stated purpose, it was formed to effect a merger, share exchange, asset acquisition, or other similar business combination with one or more businesses.
Context and next steps
With the IPO complete and the registration statement declared effective, the blank-check company is positioned to begin identifying and negotiating a potential target or targets for a business combination. The underwriters’ over-allotment option provides a mechanism to increase capital raised if exercised within the specified 45-day window following the offering.
The filing and pricing details outline the securities structure investors purchased at the IPO stage, and the plan for separate trading of the units’ components once conditions for separation are met.
Limitations of available information
The company’s public statements in connection with the offering describe its formation and intended purpose, but do not identify any specific target businesses, industries, or timelines for completing a business combination.