NEW YORK, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Jack Creek Investment Corp., a special purpose acquisition company formed for the purpose of entering into a combination with one or more businesses, announced today the pricing of its upsized initial public offering of 30,000,000 units at a price of $10.00 per unit. The units will be listed on the Nasdaq Stock Market, LLC and will trade under the ticker symbol “JCICU” beginning on January 22, 2021. Each unit issued in the offering consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment. After the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “JCIC” and “JCICW,” respectively.

Jack Creek Investment Corp., led by Jeffrey Kelter, Robert Savage, Thomas Jermoluk and James Clark, is incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with a company that is a technology innovator within the food and grocery logistics and supply chain ecosystems, where significant disruption is occurring as a result of accelerating eCommerce demand trends.

UBS Securities LLC and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 4,500,000 units at the initial public offering price to cover over-allotments, if any.