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JENA ACQUISITION Corp IIJENA

Class A JENAUnits JENA-UNCIK 0002060337

Cash in trust

$239.6M

$239,633,441

Trust per share

Redemption value

IPO

May 2025

$230.0M raised

Combination deadline

May 30, 2027

268 days remaining

Filings on record

39

Latest Aug 14, 2026

Overview

JENA ACQUISITION Corp II is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002060337. It completed its initial public offering in May 2025, raising $230.0M in gross proceeds and listing on NYSE. Class A shares trade under the ticker JENA, units under JENA-UN on NYSE. The vehicle is sponsored by Jena through Jena Acquisition Sponsor LLC. The mandate targets generalist. IPO closed, trust funded, no definitive agreement announced.

We intend to acquire one or more businesses that we believe: • have the opportunity to become an industry utility with a defensible market position that can benefit from Mr.
The mandate, as stated in the IPO prospectus

Reading the filings

Arithmetic on what JENA ACQUISITION Corp II has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.

  • Time on the clock

    268 days to the May 30, 2027 deadline. The vehicle is early in its search window, and the deadline is not yet the binding constraint.

  • Underwriting

    Santander led the offering. It has been named on 18 SPAC IPOs, book-running 15 of them, and 0% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.

Scores

Recomputed 4m ago

Three readings of JENA ACQUISITION Corp II, each an unweighted mean of the components shown beneath it, and each component a percentile against every live SPAC rather than an absolute we invented. They describe the setup, not the merit. How they are built

FOMO

Low

How much attention is this vehicle attracting right now?

7/100

  • Filing activity14

    1 in 30 days

  • News coverage0

    0 stories in 30 days

Attention is not quality. FOMO rises on news volume and on the market paying above trust, both of which have preceded plenty of disappointments.

Potential

Moderate

How likely is this vehicle to complete a combination, and at what scale?

32/100

  • Lead bank record8

    0.0%

  • Bank franchise14

    18 SPAC mandates

  • Trust scale67

    $240M

  • Stage40

    searching

Potential is about execution, not about the target. It says nothing about whether the eventual deal is worth owning, because the target is usually unknown when the score is computed.

These are derived measures, not ratings of investment merit. They carry no view on the target, no price target and no recommendation, and a high score is not a reason to buy anything.

SEC filing history

Free tier: filings older than 24 hours
  • 10-Q

    Quarterly report

    Accession 0001213900-26-090044

    Aug 14, 2026

    20d ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0001213900-26-057707

    May 15, 2026

    3mo ago

    Open filing
  • 8-K

    Notice of delisting or failure to satisfy a listing rule

    Items 3.01, 9.01 · Accession 0001213900-26-040031

    Apr 3, 2026

    5mo ago

    Open filing
  • 10-K

    Annual report

    Accession 0001213900-26-035838

    Mar 28, 2026

    5mo ago

    Open filing
  • SCHEDULE 13G/A

    Amended beneficial ownership report (passive)

    Accession 0000927971-26-000039

    Feb 12, 2026

    6mo ago

    Open filing
  • SCHEDULE 13G/A

    Amended beneficial ownership report (passive)

    Accession 0000927971-26-000038

    Feb 12, 2026

    6mo ago

    Open filing
  • SCHEDULE 13G/A

    Amended beneficial ownership report (passive)

    Accession 0000312069-26-000030

    Feb 11, 2026

    6mo ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0001213900-25-110817

    Nov 14, 2025

    9mo ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0000312069-25-000618

    Nov 12, 2025

    9mo ago

    Open filing
  • SCHEDULE 13G/A

    Amended beneficial ownership report (passive)

    Accession 0001193125-25-276455

    Nov 12, 2025

    9mo ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0001213900-25-075655

    Aug 13, 2025

    1y ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0000312069-25-000528

    Aug 12, 2025

    1y ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001085146-25-004410

    Jul 31, 2025

    1y ago

    Open filing
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0000950170-25-098960

    Jul 28, 2025

    1y ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001213900-25-064440

    Jul 16, 2025

    1y ago

    Open filing
  • SCHEDULE 13D

    Beneficial ownership report (activist)

    Accession 0001213900-25-051667

    Jun 5, 2025

    1y ago

    Open filing
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001213900-25-051562

    Jun 5, 2025

    1y ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-25-049742

    Jun 2, 2025

    1y ago

    Open filing
  • 4

    Statement of changes in beneficial ownership

    Accession 0001213900-25-049620

    May 30, 2025

    1y ago

    Open filing
  • 8-K

    Entry into a material definitive agreement; Other events

    Items 1.01, 3.02, 5.02, 5.03, 8.01, 9.01 · Accession 0001213900-25-049573

    May 30, 2025

    1y ago

    Open filing
  • 424B4

    Final IPO prospectus

    Accession 0001213900-25-048902

    May 29, 2025

    1y ago

    Open filing
  • EFFECT

    Notice of effectiveness

    Accession 9999999995-25-001755

    May 29, 2025

    1y ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-25-048426

    May 29, 2025

    1y ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-25-048425

    May 29, 2025

    1y ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-25-048424

    May 29, 2025

    1y ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-25-048423

    May 29, 2025

    1y ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-25-048422

    May 29, 2025

    1y ago

    Open filing
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-25-048420

    May 29, 2025

    1y ago

    Open filing
  • CERT

    Exchange listing certification

    Accession 0000876661-25-000385

    May 28, 2025

    1y ago

    Open filing
  • 8-A12B

    Registration of securities on an exchange

    Accession 0001213900-25-048058

    May 28, 2025

    1y ago

    Open filing

JENA ACQUISITION Corp II: questions answered

What is JENA ACQUISITION Corp II (JENA)?

JENA ACQUISITION Corp II is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002060337. It completed its initial public offering in May 2025, raising $230.0M in gross proceeds and listing on NYSE. Class A shares trade under the ticker JENA, units under JENA-UN on NYSE. The vehicle is sponsored by Jena through Jena Acquisition Sponsor LLC. The mandate targets generalist. IPO closed, trust funded, no definitive agreement announced.

How much does JENA ACQUISITION Corp II hold in trust?

Approximately $239,633,441, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.

When must JENA ACQUISITION Corp II complete a merger?

By May 30, 2027. If no combination closes by then the sponsor must seek a further extension or wind the vehicle up and return the trust.

What happens if JENA ACQUISITION Corp II does not find a target in time?

The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.

Can I redeem shares in JENA ACQUISITION Corp II, and at what price?

Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.

What tickers does JENA ACQUISITION Corp II trade under?

Class A shares trade as JENA on NYSE, the units as JENA-UN. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.

Is the trust value the same as the share price for JENA ACQUISITION Corp II?

No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.

How much dilution do JENA ACQUISITION Corp II's founder shares and warrants create?

Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.

Who sponsors JENA ACQUISITION Corp II, and what is their track record?

Jena Acquisition Sponsor LLC is the sponsor entity, part of the Jena franchise. This is the only vehicle we have attributed to that sponsor.

Which banks underwrote the JENA ACQUISITION Corp II IPO?

Santander. Santander was credited as book-running manager on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.

Is JENA ACQUISITION Corp II tradeable, and where?

Yes. JENA returned a live quote of $10.50 on NYSE. Quotes here are delayed and refreshed on a schedule rather than streamed, so treat the figure as indicative and confirm on your own venue. Units and warrants trade under their own symbols and are quoted separately.

Is JENA ACQUISITION Corp II a good investment?

That is not a question this site answers. JENA ACQUISITION Corp II is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.

Where does this JENA ACQUISITION Corp II data come from?

Filings JENA ACQUISITION Corp II submitted to the SEC under CIK 0002060337: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.

Compiled by the SPACListing research desk

Last reconciled Sep 4, 2026

Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.

Read the full methodology · What is in the dataset · Report a correction

SPACListing is a reference-data service, not an investment adviser. Nothing here is a recommendation to buy or sell any security.

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The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.