Jiya Acquisition Corp.

General Information

We intend to initially focus our search on identifying a prospective target business in the biotechnology and pharmaceuticals sector. The company is sponsored by Jiya Holding Co. LLC, an affiliate of Samsara BioCapital, L.P. 

In addition, we believe our ability to complete our initial business combination will be enhanced by our having entered into the forward purchase agreement pursuant to which Samsara BioCapital agreed to purchase an aggregate of up to 2,500,000 forward purchase shares, at an aggregate purchase price of up to $25,000,000, in a private placement to close substantially concurrently with the closing of our initial business combination.

Samsara BioCapital, which commenced operations on March 22, 2017, is a registered investment advisor that was organized for the purpose of providing a limited number of select investors with the opportunity to realize long-term capital appreciation from investments in assets and securities of all kinds, including debt securities, in public and private companies in life science-related industries. As of Sept. 1, 2020, the partnership had $671 million in regulatory assets under management. 

Samsara BioCapital founder Srini Akkaraju, M.D., Ph.D., is our chairman. Rekha Hemrajani is our CEO. She is an experienced biopharma executive with extensive senior management experience in both large and small publicly traded biopharmaceutical companies. 

(Note: This is a blank-check IPO of shares of common stock. Most blank-check or SPAC IPOs are unit offerings.)

Employees: 0
Founded: 2020
Contact Information
Address 628 Middlefield Road Palo Alto, CA 94301
Phone Number (650) 285-4270
Web Address
View Prospectus: Jiya Acquisition Corp.
Financial Information
Market Cap $130.0mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol JYAC
Exchange NASDAQ
Shares (millions): 10.0
Price range $10.00 - $10.00
Est. $ Volume $100.0 mil
Manager / Joint Managers Citigroup
CO-Managers -
Expected To Trade: 11/19/2020
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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