About LightJump Acquisition Corporation
LightJump Acquisition Corporation focuses on entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other business combination with one or more businesses or entities in the technology industry. The company was founded in 2020 and is based in Menlo Park, California. Address: 2735 Sand Hill Road, Menlo Park, CA, United States, 94025
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LightJump Acquisition Corporation (NASDAQ: LJAQ) (the "Company") received on May 28, 2021 a notice (the "Notice") from The Nasdaq Stock Market LLC ("Nasdaq") indicating that, as a result of not having timely filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 (the "Form 10-Q"), the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports with the Securities and Exchange Commission ("SEC").
LightJump Acquisition Corp. (NASDAQ: LJAQU) (“the company”) today announced that the holders of the Company’s units may elect to separately trade the Class A common stock and warrants underlying such units commencing on March 2, 2021. Those units not separated will continue to trade on the NASDAQ exchange under the symbol “LJAQU” and the Class A common stock and warrants that are separated are expected to trade on the NASDAQ exchange under the symbols “LJAQ” and “LJAQW”, respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into shares of Class A common stock and warrants.
LightJump Acquisition Corporation (the “Company”) today announced that it closed its upsized initial public offering of 12,000,000 units at $10.00 per unit, generating total gross proceeds of $120,000,000. Each unit consists of one share of the Company’s common stock and one-half of one warrant. Each whole warrant entitles the holder thereof to purchase one share of the Company’s common stock at a price of $11.50 per share.