Jaguar Global Growth Corporation I (JGGC) Completes GLAAM Deal
by Marlena Haddad on 2023-11-15 at 3:39pm

Jaguar Global (NASDAQ:JGGC) announced this afternoon that it has completed its combination with glass-maker GLAAM after shareholders approved the deal at a special meeting on September 27.

In connection to the meeting, the SPAC saw redemptions remove 99.6% of its trust, leaving it with approximately $1.04 million post-vote.

Following the closing, the combined company will be named “Captivision Inc.” Captivision’s ordinary shares and public warrants are expected to begin trading on November 16 on the Nasdaq under the ticker symbols “CAPT” and “CAPTW,” respectively.

Jaguar Global initially announced its $309 million combination with GLAAM in March. The deal did not include a minimum cash closing condition nor a PIPE. Seoul-based GLAAM manufactures glass that doubles as a display for building exteriors to be used as space for marketing or other media.

Back in September, 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 deal announcement, it projected 2023 would bring its second consecutive year of positive EBITDA, generating $22 million this year.

Recent Posts
by Kristi Marvin on 2024-04-20 at 11:45am

Terms Tracker for the Week Ending April 19, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Passover and school spring break starts next week, which most likely means a slowdown in SPAC filing activity. Although Churchill IX is now rumored to...

by Nicholas Alan Clayton on 2024-04-19 at 3:00pm

Despite a week of general pull-backs in the market, fintech firm Ibotta (NYSE:IBTA) nonetheless took the dive and had a good week debuting via a traditional IPO in the choppy waters. The company, which provides app-based consumer cashback discounts on purchases, priced its IPO at $88, above its proposed range of $76 to $84, and...

by Nicholas Alan Clayton on 2024-04-19 at 7:53am

At the SPAC of Dawn Happy Friday! SPACInsider has unveiled new presets on SPAC Performance accessible via the Data drop-down to easily sort for the highest and lowest performing active SPACs and de-SPACs. On the de-SPAC side, Vertiv (NYSE:VRT) continues to be well ahead of the pack, logging a 710% return by share price adjusted...

by Nicholas Alan Clayton on 2024-04-18 at 11:50am

AGBA (NASDAQ:AGBA) stock is up over +90% this morning following a +211% premarket spike on news it has signed a definitive agreement to combine with social streaming video platform Triller. AGBA, the company itself, was formed by the $555 million combination between a SPAC of the same name and TAG Companies, a financial services firm...

by Nicholas Alan Clayton on 2024-04-18 at 7:57am

At the SPAC of Dawn Since closing its combination with DHC last month, AI customer engagement firm BEN (NASDAQ:BNAI) has rolled out new partnerships with call center and healthcare clients. And, while it faces a fair bit of competition in the chatbot realm, several high-profile institutions have demonstrated that creating one that provides useful services...

logo

Copyright © 2023 SPACInsider, Inc. All Rights Reserved