Jones Ventures INTL Acquisition1 Corp

What they do

The company is a blank check company incorporated in the Cayman Islands on June 15, 2021 for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It has neither engaged in any operations nor generated any revenues to date. Its only activities from inception through June 30, 2026 were organizational activities, preparation for its initial public offering, and identifying a target company. It has not selected any business combination target and has not initiated any substantive discussions with any target.

Revenue drivers

• Trust account income — After its IPO, the company expects to generate non-operating income in the form of interest and/or dividend income on investments held in the Trust Account.
• No operating revenue — The company has not generated any revenues to date and does not expect to generate operating revenues until after completion of a business combination.

Recent performance

For the three months ended June 30, 2026, the company reported a net loss of $43,605, compared to $0 for the three months ended June 30, 2025, consisting of formation, general and administrative costs. For the six months ended June 30, 2026, the net loss was $87,081, compared to $2,226 for the six months ended June 30, 2025. As of June 30, 2026, the company had cash of $192,683 and a working capital deficit of $664,274. Net cash used in operating activities for the six months ended June 30, 2026 was $95,590. Net cash provided by financing activities for the same period was $288,273, consisting of proceeds from advances from a related party of $40,597, proceeds from a promissory note related party of $300,000, partially offset by payment of deferred offering costs of $52,324.

Strategy

The company intends to effectuate a business combination using cash derived from the proceeds of its initial public offering and the sale of private placement units, as well as its shares, debt, or a combination of cash, shares and debt. It may pursue an initial business combination in any business or industry. Subsequent to the quarterly period, on July 15, 2026, it consummated its IPO of 20,000,000 units at $10.00 per unit, generating gross proceeds of $200,000,000, and simultaneously sold 645,000 private placement units at $10.00 per unit, generating gross proceeds of $6,450,000. On July 31, 2026, it closed an additional 395,500 units sold pursuant to the underwriters' partial exercise of their over-allotment option at $10.00 per unit, generating gross proceeds of $3,955,000. A total of $203,955,000 was placed in the Trust Account, and total transaction costs were $4,960,192.

Risks

• No business combination target identified — The company has not selected any target and has not initiated substantive discussions, so it may be unable to complete a business combination.
• Working capital deficit — As of June 30, 2026, the company had a working capital deficit of $664,274 and may need additional financing to fund its search.
• Dependence on related party funding — The company has relied on loans and advances from its Sponsor, including a $300,000 promissory note and $40,597 in advances during the six months ended June 30, 2026.
• Blank check company risks — As a blank check company with no operating history, investors have no basis to evaluate the likely merits of any business combination and may face dilution or loss of investment.

Outlook

The company expects to continue to incur significant costs in the pursuit of its acquisition plans. It cannot assure that its plans to complete a business combination will be successful. It does not expect to generate any operating revenues until after the completion of a business combination. Subsequent to the quarter, it completed its initial public offering and over-allotment exercise, placing $203,955,000 in the Trust Account.