Jaws Mustang Share Conversion Impacts Class A Holdings

Jaws Mustang (JWSM) has released an update.

On February 6, 2024, a significant financial move occurred as the Sponsor converted 25,500,000 Class B Ordinary Shares into Class A Ordinary Shares on a one-to-one basis. This conversion, which came with a relinquishment of rights to funds from the Trust Account and an adherence to existing restrictions, resulted in a total of 26,905,293 Class A Ordinary Shares outstanding in the company.

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For a comprehensive understanding of the announcement, you can read the full document here.