Jena Acquisition Corp. II
Jena Acquisition Corporation II is a Cayman Islands SPAC co-founded by William P. Foley, II and Richard N. Massey that raised $230 million in its May 2025 NYSE IPO (ticker JENA.U) to pursue a business combination, initially targeting financial technology and information/business services companies.
- Company typePublic
- Founded2025
- HeadquartersLas Vegas, United States
- Headcount—
- GTM typeB2B
- OfferingServices
What Jena Acquisition Corp. II does
Jena Acquisition Corporation II is a Cayman Islands-exempted blank check company (special purpose acquisition company, or SPAC) co-founded by William P. Foley, II and Richard N. Massey in 2025 for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more target companies. The company completed its initial public offering on May 30, 2025, selling 23,000,000 units (including the full exercise of a 3,000,000-unit over-allotment option) at $10.00 per unit for gross proceeds of $230 million, with units listed on the NYSE under JENA.U and the separated Class A ordinary shares and rights trading under JENA and JENA.R, respectively, from July 21, 2025 onward. Santander US Capital Markets LLC acted as sole book-running manager. Its stated acquisition focus is financial technology and information and business services that act as essential utilities to core industries, though the company may pursue targets outside these sectors where aligned with the founders' historical areas of expertise. The company has no operations, products, employees beyond its named officers and directors, or revenue-generating activities, holding the IPO proceeds in a trust account pending a de-SPAC transaction. In April 2026, the company received a NYSE non-compliance notice for failing to maintain the minimum 300 public stockholders required under Section 802.01B of the NYSE Listed Company Manual, creating an 18-month clock to demonstrate compliance, which it intends to satisfy by completing a business combination. Leadership comprises Foley (Chairman, founder of FNF with over 35 years of M&A experience) and Massey (CEO, former CEO of Cannae Holdings and director of multiple prior SPACs), alongside CFO Amanda G. Sturgeon, General Counsel Michael L. Gravelle, and independent directors W. Dabbs Cavin, Dexter Fowler, and Tim Hsia.
Jena Acquisition Corp. II firmographics
Firmographics- Name
- Jena Acquisition Corp. II
- Legal name
- Jena Acquisition Corporation II
- Website
- https://jenaacquisition.com
- Company type
- Public
- Founded year
- 2025
- Operating status
- Operating
- Short description
- Jena Acquisition Corporation II is a Cayman Islands SPAC co-founded by William P. Foley, II and Richard N. Massey that raised $230 million in its May 2025 NYSE IPO (ticker JENA.U) to pursue a business combination, initially targeting financial technology and information/business services companies.
- Ownership category
- akta.pro rank
Jena Acquisition Corp. II industry classification
Industry- Product category
- Special Purpose Acquisition Company (SPAC)
- NAICS
- Miscellaneous Intermediation (52391), Securities and Commodity Contracts Intermediation and Brokerage (5231)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- M&A Advisory (Buy-Side & Sell-Side) (BPAHAOAA)
- akta.pro secondary industries
- Post-Merger Integration (PMI) & Separation/Carve-out Execution (BPAHAOAI), Corporate Development & Strategic Partnerships Advisory (JVs, Alliances, Carve-outs) (BPAHAOAG), Buy-Side Search & Acquisition Advisory (FSAEAIAD), Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)
Keywords
Where Jena Acquisition Corp. II is headquartered
LocationHeadquarters
- HQ city
- Las Vegas
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Jena Acquisition Corp. II business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Others
Revenue model
- IPO Proceeds / Trust Account: The company raised $230 million through its initial public offering of units (each consisting of one Class A ordinary share and one right). The proceeds are held in a trust account pending a de-SPAC transaction (business combination). No traditional revenue-generating operations exist at this stage.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | One time/ perpetual license | IPO Units at $10.00 per unit |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Jena Acquisition Corp. II product offering
Product offeringCore offering
Jena Acquisition Corporation II is a blank check company (SPAC) formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It raised $230 million through an IPO of units on the NYSE to fund a future business combination, with an initial focus on financial technology or information and business services sectors.
Product overview
Jena Acquisition Corporation II is a Special Purpose Acquisition Company (SPAC) that raised capital through an IPO to acquire or merge with other businesses. The company's product offering consists of three related securities: (1) Units (JENA.U), each comprising one Class A ordinary share plus one right, initially offered at $10 per unit; (2) Class A ordinary shares (JENA), which trade separately on NYSE post-separation and represent ownership in the company; and (3) Rights (JENA.R), which entitle holders to receive 1/20 of a Class A ordinary share upon completing a business combination. The company initially focused on financial technology and information/business services targets but may pursue opportunities in other sectors aligned with the founders' expertise.
Differentiator
Problem solved
Functional benefit
Products and services
- Units (JENA.U) Investment units offered in the SPAC's IPO, each consisting of one Class A ordinary share and one right entitling the holder to receive one-twentieth of one Class A ordinary share upon consummation of an initial business combination. Units trade on NYSE under ticker symbol JENA.U and were priced at $10.00 per unit, targeting public investors in financial technology or information and business services sectors.
- Class A Ordinary Shares (JENA) Class A ordinary shares of Jena Acquisition Corporation II representing ownership interests in the SPAC, tradeable on the New York Stock Exchange under the symbol JENA after separation from the original units. Each share represents an equity interest in the entity formed to consummate a business combination.
- Rights (JENA.R)
Companies that use Jena Acquisition Corp. II
Customer profileSegments1 record
Ideal customer profiles1 record
Jena Acquisition Corp. II technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Jena Acquisition Corp. II partnerships and signals
Strategic signalScale indicators4 records
Recent moves8 records
Expansion highlights4 records
Jena Acquisition Corp. II competitors and assessment
Company assessmentDirect peers
- CF Acquisition Corp. IV: Cantor Fitzgerald-affiliated SPAC IV with broadly comparable size and target sector breadth (business services, fintech). Useful for benchmarking underwriting terms, trust performance and de-SPAC timelines.
- Austerlitz Acquisition Corporation I: Sponsor-aligned SPAC from the same Foley/Massey ecosystem, contemporaneous with Austerlitz II and with materially identical structure, target scope and management composition. Highly comparable deal dynamics and timing.
- Foley Trasimene Acquisition Corporation II: Prior Foley-affiliated SPAC that closed its business combination with Paysafe in March 2022. Same sponsor family, similar size, target sector overlap (financial services / digital commerce), making it the most relevant precedent for Jena II's expected de-SPAC path.
- Vector Acquisition Corporation II: Sponsor-led SPAC II with comparable target thesis (technology and business services) and similar IPO size in the $200–300M range. A relevant trading and timeline comparable for Jena II post-IPO.
- dMY Technology Group, Inc. (NYSE: DMYQ): Public SPAC of broadly comparable size and technology/information-services target focus. Useful peer for unit-trading dynamics, redemption behavior and target sourcing benchmarks among recently-public SPACs.
- Trebia Acquisition Corp. SPAC on whose board William P. Foley II formerly served within the same sponsor network. Comparable blank-check structure and target ethos; useful for analyzing team-level deal flow and post-close operating outcomes.
- Austerlitz Acquisition Corporation II: A prior blank-check SPAC formed by the same principal operators (Massey as CEO, Foley-aligned sponsorship) targeting a similar sponsor mandate. It completed its business combination in December 2022, making it the closest historical and structural analog to Jena II.
Broad incumbents
- Churchill Capital Corp VII: Larger Churchill Capital Corp family SPAC pursuing broad business combinations. While bigger and more diversified than Jena II, useful for benchmarking sponsor economics, redemption rates and regulatory interactions for sizeable NYSE-listed SPACs.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Jena Acquisition Corp. II financial estimates
Financial estimateRevenue estimate
Valuation estimate
Jena Acquisition Corp. II leadership team
Management profileNumber of profiles
Profiles7 records
Jena Acquisition Corp. II funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Jena Acquisition Corp. II M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Jena Acquisition Corp. II
What does Jena Acquisition Corp. II do?
Jena Acquisition Corporation II is a blank check company (SPAC) formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It raised $230 million through an IPO of units on the NYSE to fund a future business combination, with an initial focus on financial technology or information and business services sectors.
Is Jena Acquisition Corp. II a public or private company?
Jena Acquisition Corp. II is a public company. It is classified as public and is currently operating.
When was Jena Acquisition Corp. II founded?
Jena Acquisition Corp. II was founded in 2025.
Where is Jena Acquisition Corp. II based?
Jena Acquisition Corp. II is headquartered in Las Vegas, United States, in the North America region.
How does Jena Acquisition Corp. II make money?
One revenue line is on record: IPO Proceeds / Trust Account.
Who are Jena Acquisition Corp. II's main competitors?
Direct peers on record are CF Acquisition Corp. IV, Austerlitz Acquisition Corporation I, Foley Trasimene Acquisition Corporation II, Vector Acquisition Corporation II, dMY Technology Group, Inc. (NYSE: DMYQ), Trebia Acquisition Corp. and Austerlitz Acquisition Corporation II. Churchill Capital Corp VII is listed as a broad incumbent.
Does Jena Acquisition Corp. II have an API?
No public API is recorded for Jena Acquisition Corp. II.
What industry is Jena Acquisition Corp. II in?
Jena Acquisition Corp. II's product category is Special Purpose Acquisition Company (SPAC). Its primary akta.pro industry code is BPAHAOAA, M&A Advisory (Buy-Side & Sell-Side), with a secondary code of BPAHAOAI, Post-Merger Integration (PMI) & Separation/Carve-out Execution. Its NAICS code is 52391 and its SIC code is 6211.