NEW YORK--(BUSINESS WIRE)--LightJump Acquisition Corporation today announced that it closed its upsized initial public offering of 12,000,000 units at $10.00 per unit, generating total gross proceeds of $120,000,000. Each unit consists of one share of the Company’s common stock and one-half of one warrant. Each whole warrant entitles the holder thereof to purchase one share of the Company’s common stock at a price of $11.50 per share.

The Company also announced that on January 15, 2021 it completed the sale of an additional 1,800,000 units pursuant to the underwriters’ over-allotment option granted in connection with the Company’s initial public offering. The additional units were sold at $10.00 per unit resulting in additional gross proceeds to the Company of $18 million. Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of warrants, $138,000,000 (or $10.00 per unit sold in the public offering) was placed in trust.

The units are listed on the Nasdaq Stock Market LLC under the symbol “LJAQU”. Once the securities comprising the units begin separate trading, shares of the common stock and redeemable warrants are expected to be listed on Nasdaq under the symbols “LJAQ” and “LJAQW,” respectively.