JetPay Corp
Cash in trust
$58.8M
$58,811,113
Trust per share
$5.60
Redemption value
IPO
May 2011
$72.0M raised
Combination deadline
—
Not disclosed
Filings on record
317
Latest Dec 19, 2018
Business combination
- Target
- Not disclosed in an indexed filing
- Announced
- Sep 12, 2012
- Closed
- Jan 4, 2013
Overview
JetPay Corp is a special purpose acquisition company incorporated in Delaware and registered with the SEC under CIK 0001507986. It completed its initial public offering in May 2011, raising $72.0M in gross proceeds. The vehicle is sponsored by JetPay. The mandate targets financial services. Business combination closed; the company trades under a new ticker.
“We expect to focus our search for a target business on the financial services industry, but we do not intend to limit our search to a particular geographic region or industry.”
Reading the filings
Arithmetic on what JetPay Corp 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.
Trust versus the $10 unit
The trust holds $5.60 per public share, below the $10.00 unit price. A trust that has fallen under the offering price usually means charges against it or a restatement, so read the most recent quarterly report before relying on the figure.
Sponsor record
JetPay has launched 2 vehicles. Of the 2 that have resolved, 2 closed a combination and 0 liquidated, a 100% completion rate. A sponsor's record is not a forecast, but it does tell you whether the team has taken a deal across the line before.
Underwriting
EarlyBirdCapital led the offering. It has been named on 52 SPAC IPOs, and 23.1% 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.
SEC filing history
Free tier: filings older than 24 hours- 15-12B
Deregistration of securities
Accession 0001193125-18-353126
- 4
Statement of changes in beneficial ownership
Accession 0001144204-18-063879
- 4
Statement of changes in beneficial ownership
Accession 0001144204-18-063877
- 4
Statement of changes in beneficial ownership
Accession 0001144204-18-063875
- 4
Statement of changes in beneficial ownership
Accession 0001144204-18-063874
- 4
Statement of changes in beneficial ownership
Accession 0000899243-18-030307
- 4
Statement of changes in beneficial ownership
Accession 0000899243-18-030306
- 8-K
Termination of a material definitive agreement; Completion of an acquisition; Notice of delisting or failure to satisfy a listing rule; Other events
Items 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 8.01, 9.01 · Accession 0001144204-18-063422
- S-8 POS
FORM S-8 POS
Accession 0001193125-18-343866
- SC 13D/A
SC 13D/A
Accession 0001193125-18-343865
- SC 13D/A
SC 13D/A
Accession 0001193125-18-343864
- SC TO-T/A
SC TO-T/A
Accession 0001193125-18-343856
- 25-NSE
Notification of delisting
Accession 0001354457-18-000505
- SC 14D9/A
SC 14D9/A
Accession 0001144204-18-061765
- SC 14D9/A
SC 14D9/A
Accession 0001144204-18-060562
- SC TO-T/A
SC TO-T/A
Accession 0001193125-18-329038
- SC TO-T/A
SC TO-T/A
Accession 0001193125-18-325501
- 8-K
Current report
Items 2.02, 9.01 · Accession 0001144204-18-059186
- 10-Q
Quarterly report
Accession 0001144204-18-058808
- SC 14D9
SC 14D9
Accession 0001193125-18-317290
- SC TO-T
SCHEDULE TO-T
Accession 0001193125-18-317161
- SC TO-C
SC TO-C
Accession 0001193125-18-313979
- SC 13D/A
SC 13D/A
Accession 0001193125-18-307738
- SC 13D/A
Amended beneficial ownership report (activist)
Accession 0001193125-18-305394
- SC 14D9
SC 14D9
Accession 0001144204-18-054779
- 8-K
Entry into a material definitive agreement; Other events
Items 1.01, 8.01, 9.01 · Accession 0001144204-18-054777
- SC TO-C
SC TO-C
Accession 0001193125-18-304321
- SC TO-C
FORM 8-K
Accession 0001193125-18-304305
- 4
Statement of changes in beneficial ownership
Accession 0001144204-18-052370
- 8-K
Notice of delisting or failure to satisfy a listing rule; Submission of matters to a vote of security holders; Other events
Items 3.01, 5.02, 5.07, 8.01, 9.01 · Accession 0001144204-18-049676
JetPay Corp: questions answered
What is JetPay Corp?
JetPay Corp is a special purpose acquisition company incorporated in Delaware and registered with the SEC under CIK 0001507986. It completed its initial public offering in May 2011, raising $72.0M in gross proceeds. The vehicle is sponsored by JetPay. The mandate targets financial services. Business combination closed; the company trades under a new ticker.
How much does JetPay Corp hold in trust?
Approximately $58,811,113, or about $5.60 per public share, 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 JetPay Corp complete a merger?
No combination deadline appears in the filings we have indexed. The date is stated in the charter and repeated in each quarterly report; where our parser could not establish it with confidence we leave it blank rather than infer one.
What happens if JetPay Corp 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 JetPay Corp, 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, most recently disclosed at about $5.60 per share. 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.
Is the trust value the same as the share price for JetPay Corp?
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.
Who sponsors JetPay Corp, and what is their track record?
JetPay is the sponsor entity, part of the JetPay franchise. That franchise has launched 2 vehicles in total, of which 2 closed a combination and 0 liquidated, a 100% completion rate on resolved vehicles. Named principals: Bipin C. Shah.
Which banks underwrote the JetPay Corp IPO?
EarlyBirdCapital, Rodman & Renshaw, Cohen & Company, Maxim Group, I-Bankers Securities. Syndicate membership and role are read from the prospectus cover and the underwriting section.
Is JetPay Corp a good investment?
That is not a question this site answers. JetPay Corp 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 JetPay Corp data come from?
Filings JetPay Corp submitted to the SEC under CIK 0001507986: 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.
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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.
JetPay: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
EarlyBirdCapital in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
Financial Services SPACs
Every vehicle chasing the same mandate, ranked by cash in trust.
All completed de-spac transactions
Business combination closed; the company trades under a new ticker.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.