JATT II Acquisition Corp. 8-K

What Happened
JATT II Acquisition Corp. announced it consummated its initial public offering on April 20, 2026, selling 6,000,000 ordinary shares at $10.00 per share. Simultaneously, the company completed a private placement of 300,000 ordinary shares to JATT Ventures II L.P. at $10.00 per share. As of April 20, 2026, a total of $60,000,000 of the net proceeds from the IPO and the private placement (which includes $1,800,000 of underwriters’ deferred fee) was deposited in a trust account for the benefit of the company’s public shareholders. An audited balance sheet dated April 20, 2026 reflecting these amounts is filed as an exhibit.

Key Details

• IPO: 6,000,000 ordinary shares sold at $10.00 per share on April 20, 2026 (gross IPO proceeds $60,000,000).
• Over-allotment: Underwriters have a 45-day option to buy up to 900,000 additional shares at $10.00 each.
• Private Placement: 300,000 shares sold to JATT Ventures II L.P. at $10.00 per share (gross proceeds $3,000,000).
• Trust deposit: $60,000,000 of net proceeds deposited in trust, which includes $1,800,000 of underwriters’ deferred fee.

Why It Matters
This filing confirms JATT II Acquisition Corp. has completed its public listing and has $60 million held in a trust for public shareholders—a key milestone for a special-purpose acquisition company (SPAC). The trust balance represents the cash that will be available to pursue a business combination and provides protection for public investors until a deal is completed or redemption occurs. Investors should note the underwriters’ over-allotment option and the deferred fee amount, which can affect the total number of shares outstanding and the net cash available in the trust.