By Chris Katje
Jam City, a leading mobile game company that has owned intellectual property and some of the top licensed games, is going public in a SPAC deal announced Thursday morning.
Going public will help Jam City continue its growth strategy that includes more M&A and a pipeline of licensed games.
Jam City investor Netmarble will own a significant portion of the combined company upon closing.
The new company will trade with the ticker JAM on the NYSE. Current XPOA shareholders will own 24% of the new company after the merger is completed.