Jaguar Global (NASDAQ:JGGC) announced this morning that its shareholders approved its combination with glass-maker GLAAM at a special meeting September 27.
The parties have not yet released redemption figures or a timeline to close, but the combined company is expected to change its name to Captivision. Upon close its shares and warrants are to trade on the Nasdaq under the symbols “CAPT” and “CAPTW”.
Jaguar Global initially announced its $309 million combination with GLAAM in March. Seoul-based GLAAM manufactures glass that doubles as a display for building exteriors to be used as space for marketing or other media.
Earlier this week, GLAAM announced it had been hired to supply 16,000 sq ft. of glass for two new projects in contracts collectively worth more than $11 million. At announcement, it projected 2023 would bring its second consecutive year of positive EBITDA, generating $22 million this year.
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