JATT Acquisition Corp announced that it has enter into entered into a subscription agreement for a private placement of 2,000,000 class A shares at a purchase price per share of $10 for aggregate gross proceeds of $20,000,000 on June 16, 2022. The transaction will include participation from PIPE Investor. The obligations to consummate the transactions contemplated by the Subscription Agreement are conditioned upon, among other things, customary closing conditions and the consummation of the transactions contemplated by the Business Combination Agreement.

In connection with the PIPE Investment, JATT will grant the PIPE Investor certain customary registration rights. The PIPE Shares have not been registered under the Securities Act of 1933, as amended (the “ Securities Act ”), and will be issued in reliance on the availability of an exemption from such registration.