Gate IPO Access Phase 2: Jersey Mike's (JMKE), Supports USDT or GUSD Intent Subscriptions

Following the widespread attention garnered by the SpaceX project, Gate's IPO Access will open intent subscriptions for Jersey Mike's (JMKE). Users can participate in the public offering using USDT or GUSD and have the chance to receive actual stock shares. Users subscribing with GUSD can also enjoy a 3.8% holding return and fast redemption with zero fee rate. After successful allocation, shares will be directly distributed to the user's Gate Stock Account, enabling users to directly trade real stocks in the Gate US Stocks section, enjoying a one-stop experience from IPO subscription and stock distribution to secondary market trading.

The subscription arrangements for this project will be dynamically adjusted based on overall subscription intent, and subscription channels may be closed early. A subscription intent does not guarantee final allocation. If no shares are allocated, a 3.8% APR interest subsidy will be provided on your locked subscription funds. (GUSD subscriptions already earn 3.8% APR during the subscription period, so the interest subsidy applies to USDT subscriptions only. Subsidies below 0.5 USDT will not be disbursed.)

Basic Project Information

Jersey Mike's is a franchisor and operator of submarine sandwich restaurants, with more than 3,300 locations across the United States and Canada. Founded in 1956 and franchised since 1987, the Company was majority-acquired by affiliates of Blackstone Inc. in January 2025 and is now expanding internationally, beginning with the UK and Ireland. The listed name for JMKE is Jersey Mike's Subs Inc.

To help users better understand Jersey Mike's (JMKE), the platform will provide the target company introduction, business overview, historical financing, valuation, investors, use of funds, and potential risks for users' reference before expressing their intent to subscribe.

View Jersey Mike's (JMKE) Project Introduction and Analysis

IPO Access aims to break down traditional capital barriers. JMKE shares acquired by Gate in the market will be directly transferred to your dedicated Stock Account within 24 hours of the stock's listing.

This IPO subscription is an "intent subscription" and does not guarantee allocation. After submitting a subscription request, users may receive full allocation, partial allocation, or no allocation of shares. The final allocation result depends on the actual IPO offering and the allocation quota ultimately obtained by the platform.

• Project Name: Jersey Mike's

• Stock Code: JMKE

• Subscription Asset: USDT or GUSD (No GUSD yet? Subscribe Now Zero-Fee Redemption)

• Reference intent subscription price: 21−25 USD/share (subject to the actual IPO pricing result)

• Subscription Fee: No additional fee required

• Minimum Investment Amount: 100 USDT or 100 GUSD

• Minimum Single Investment: 100 USDT or 100 GUSD

• Maximum Investment Amount: 500,000 USDT, 500,000 GUSD

• Subscription Quota Allocation: USDT Subscription Pool 50%, GUSD Subscription Pool 50%

• Distribution Account: For users who completed the "Intent Subscription" and successfully obtained stocks, the stocks will be directly distributed to their Gate Stock Account, enabling direct U.S. stock trading. Unsubscribed funds will be returned to the Spot Account.

• Trade Method: Stock

• Unlock Method: No lock-up period, 100% unlock

Jersey Mike's IPO Access Timeline:

Note: The subscription period may be adjusted based on overall subscription demand. The subscription channel may close earlier than scheduled. Any changes will be announced separately.

Subscription Process

Web:

1. [Home] - [Earn] - [IPO Access]

2. Select Jersey Mike's, supports USDT or GUSD intent subscription, click [Subscribe Now]

3. After successful subscription, the stock view path: Home - [Assets] - [Stock Account]

App:

1. [Home] - [Earn] - [Launch] - [IPO Access]

2. Select Jersey Mike's, supports USDT or GUSD intent subscription, click [Subscribe Now]

3. After successful subscription, the stock view path: Home - [Assets] - [TradFi] - [Stock]

Note: The earlier you subscribe, the higher your allocation weight.

IPO Access Distribution Rules

This subscription round is divided into a USDT subscription pool (50%) and a GUSD subscription pool (50%). Users can participate in intent subscriptions for both pools simultaneously. The system will calculate and allocate shares based on the ratio of each user's average hourly locked amount during the intent subscription period to the total average intent subscription amount in each individual pool. The earlier the subscription, the higher the allocation weight.

IPO Access subscription is an "intent subscription" and does not guarantee allocation. After submitting an intent subscription, you may receive a full allocation, partial allocation, or no allocation of shares. The final allocation depends on the actual IPO offering and the allocation quota ultimately obtained by the platform.

If the platform receives no share allocation, USDT subscribers will receive an interest subsidy at a 3.8% APR based on the hourly snapshot balance of their subscription funds. The subsidy will be credited to your Spot Account together with the refunded funds. Subsidies below 0.5 USDT will not be disbursed. GUSD subscribers will continue to earn 3.8% APR on their subscription funds during the subscription period regardless of whether an allocation is received. Therefore, no additional interest subsidy will be provided for GUSD subscriptions.

Calculation Method

Average hourly locked amount = sum of hourly locked snapshot amounts / total subscription period hours (48 hours)

Example Description:

Assume the intent subscription period is 48 hours, and users A, B, and C each plan to commit 100,000 USDT to participate in the intent subscription:

• User A: Completed the deposit in the first hour of the Intent Subscription, and maintained the lock-up throughout the entire cycle.

Average locked amount = 100,000 × 48 / 48 = 100,000 USDT

• User B: Completed the investment 24 hours after the start of the subscription and maintained it until the end of the subscription.

Average locked amount = 100,000 × 24 / 48 = 50,000 USDT

• User C: Completed investment in the last 1 hour of the intent subscription.

Average Locked Amount = 100,000 × 1 / 48 ≈ 1,515 USDT

Subscription and Allocation Instructions

1. The intent subscription price is the reference range for this IPO Access event. The final pricing will depend on market demand, valuation, and book building results. If the final price fluctuates within 20% of the reference price, we will automatically complete the allocation for you. If the fluctuation exceeds 20%, we will initiate a second confirmation process to safeguard your right to be informed and to make decisions.

2. IPO Access subscription is an "intent subscription" and does not guarantee allocation. After submitting an allocation application, you may receive full allocation, partial allocation, or no stock allocation. The final allocation result depends on the actual IPO offering and the final allocation quota obtained by the platform.The actual number of shares received depends on the proportion of the user's average locked amount relative to all participating users, and is subject to rules such as the total allocation amount and the individual share cap.

3. The example is provided solely to illustrate the allocation logic and does not represent the final number of shares that may be received.

4. The intent subscription amount does not equal the final stock value or quantity received; the final allocation result is subject to system calculation.

5. Funds for subscribing to stocks will be locked, and the corresponding assets will be automatically locked (frozen) by the system. During this period, trading, transferring, or withdrawing is not allowed. After the subscription ends, the user's participation funds will be deducted based on the actual amount of project stocks received, and the remaining funds will be returned. If the actual stock amount received is less than the investment amount, the remaining investment amount will be unlocked and automatically returned to your Spot Account after distribution.

6. The minimum allocation unit is 0.01 shares. If the individual allocation amount exceeds 0.01 shares, any remaining fraction below 0.01 shares will be rounded accordingly. If the individual allocation amount is less than 0.01 shares, it will be automatically distributed as 0.01 shares.

Risk Warning

1. Users must complete KYC Identity Verification before participating in the IPO Access subscription.

2. IPO Access involves high risk. This subscription activity is launched in an open and fair manner, but price fluctuations, insufficient market liquidity, and other conditions may still occur. Please ensure you understand the project background and risks before participating with caution.

3. Borrowed funds are not supported for participation in Gate IPO Access subscriptions. Institutional accounts and subaccounts are not supported for participation in Gate IPO Access subscriptions.

4. Borrowed funds are not supported for participation in Gate IPO Access subscriptions. Institutional accounts and sub-accounts are not supported for participation in Gate IPO Access subscriptions.

5. Understanding blockchain startup projects and assessing their inherent risks requires advanced technical and financial knowledge.

6. Due to technical, legal, regulatory, market, and other factors, the price of the project you are participating in may experience significant fluctuations and may decrease or increase substantially.

7. Crypto projects carry high risk, and prices are highly volatile. Project parties do not set margin and do not provide any price guarantees or guarantees against the token price falling below its initial offering price. Please ensure you fully understand the risks and can bear them before participating. The platform strongly cautions about the risks but cannot assume any liability for guarantees or compensation for investment activities.

8. If there is any discrepancy between the translated version and the original English text, the English version shall prevail.

9. Gate reserves the right of final interpretation.

10. Users in restricted regions cannot use all or part of the services. For detailed information about restricted regions, please read User Agreement.

Gate Team
July 24, 2026

Gateway to Crypto
Trade over 4,800 cryptocurrencies safely, quickly, and easily on Gate
Take Action Now
Sign up and claim up to $10,000 in welcome rewards
Invite friends and earn a 40% commission
Stay Connected
Visit Gate's official website
Download the Gate App | Desktop
Follow us on X (Twitter) to get more bonuses
Join our Telegram community to discuss trending topics
Engage with our global community for the latest insights
Transparency & Security
Check our 100% Proof of Reserves