JAB operates as a special purpose acquisition company, or SPAC, incorporated in the Cayman Islands to identify and acquire a private business through a merger or similar business combination. JAB currently has no operations or revenue and focuses on finding a target within a limited window following its IPO. The company targets businesses in technology-enabled customer acquisition, performance marketing, data analytics, and regulated sectors such as insurance and financial services. JAB’s business model involves raising capital from public investors and holding the proceeds in a trust account until a deal is finalized. The company’s sponsor receives founder shares for a nominal investment, creating a financial incentive for management to complete a transaction. Public shareholders can choose to redeem their shares for their portion of the trust capital at the time of the business combination. JAB intends to utilize the experience of its leadership team in scaling data-driven companies and executing M&A in fragmented markets to secure an acquisition target. The company provides investors with units consisting of ordinary shares, warrants, and rights to receive fractional shares upon the closing of a deal.