Jaguar Global Growth Corporation I (Nasdaq: JGGC, JGGCR, and JGGCW)
(“Jaguar Global”), GLAAM, Co., Ltd. (“GLAAM” or “the Company”), a
leading designer and manufacturer of architectural media glass, and
Captivision Inc. (“Captivision”), today announced the successful
closing of their previously announced business combination (the
“Business Combination”). The Business Combination was approved at a
special meeting of Jaguar Global stockholders on September 27, 2023
and was completed today, November 15, 2023.
The parent public company resulting from the Business
Combination will be named “Captivision Inc.” Captivision’s ordinary
shares and public warrants are expected to begin trading on
November 16, 2023 on the Nasdaq Global Market under the ticker
symbols “CAPT” and “CAPTW,” respectively.
“Becoming a publicly listed company on the Nasdaq is an
important milestone for Captivision as we work to rapidly expand
our global footprint and transform buildings into massive media
devices,” said Ho Joon Lee, Co-Founder of GLAAM. “With our
proprietary and patent-protected G-Glass, we believe Captivision is
well positioned to generate sustainable growth across sectors and
geographies.”
Gary Garrabrant, Chairman and CEO of Jaguar Global, commented:
“We are thrilled to complete our business combination to create
Captivision and privileged to join forces with Ho Joon and his
team. Captivision is a revolutionary public company with
transformational technology.”
Advisors
Cohen & Company Capital Markets, a division of J.V.B.
Financial Group, LLC, acted as Jaguar Global’s exclusive financial
advisor and lead capital markets advisor, and Oberon Securities
acted as GLAAM's exclusive financial advisor. Baker & McKenzie
LLP and Paul Hastings LLP acted as Jaguar Global’s U.S. legal
counsel, and Yulchon acted as Jaguar Global’s Korean legal counsel.
White & Case LLP and Lee & Ko served as GLAAM’s U.S. and
Korean legal counsel, respectively. Yoon & Yang acted as Jaguar
Global and GLAAM’s FSS and SRS filing advisor.
About Jaguar Global Growth Corporation I
Jaguar Global Growth Corporation I is a partnership between
Jaguar Growth Partners, a global investor in growth companies, and
Hennessy Capital Group, an alternative asset manager for innovative
technology companies. For more information, please visit
www.jaguarglobalgrowth.com.
About GLAAM
GLAAM is the inventor and manufacturer of G-Glass, the world’s
first architectural media glass that combines IT building material
and architectural glass into one standalone product. G-Glass has a
variety of applications, including digital out of home media and
marketing.
To learn more about GLAAM, visit: www.glaam.co.kr/en or
www.captivision.com.
Forward-Looking Statements
This communication includes "forward-looking statements" within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements include, without limitation, Jaguar Global’s, GLAAM’s
and Captivision's expectations with respect to future
performance and anticipated financial impacts of the Business
Combination. For example, projections of future revenue and other
metrics are forward-looking statements. In some cases, you can
identify forward-looking statements by terminology such as "may",
"should", "expect", "intend", "will", "estimate", "anticipate",
"believe", "predict", "potential" or "continue", or the negatives
of these terms or variations of them or similar terminology. Such
forward-looking statements are subject to risks, uncertainties, and
other factors which could cause actual results to differ materially
from those expressed or implied by such forward-looking
statements.
These forward-looking statements are based upon estimates and
assumptions that, while considered reasonable by Jaguar Global and
its management, Captivision and GLAAM and their respective
management, as the case may be, are inherently uncertain. Factors
that may cause actual results to differ materially from current
expectations include, but are not limited to: (1) the outcome of
any legal proceedings or regulatory matters or investigations that
may be instituted against GLAAM, Captivision or others; (2)
the ability to meet stock exchange listing standards following the
consummation of the Business Combination; (3) the risk that the
business combination disrupts current plans and operations of GLAAM
as a result of the consummation of the Business Combination; (4)
the ability to recognize the anticipated benefits of the Business
Combination, which may be affected by, among other things,
competition, the ability of Captivision to grow and manage growth
profitably, maintain relationships with customers and suppliers and
retain its management and key employees; (5) costs related to the
Business Combination; (6) changes in applicable laws or
regulations; (7) the possibility that GLAAM or Captivision may be
adversely affected by other economic, business, and/or competitive
factors; (8) the impact of COVID-19 on GLAAM's business; (9)
GLAAM's estimates of expenses and profitability and underlying
assumptions with respect to shareholder redemptions and purchase
price and other adjustments; and (10) other risks and uncertainties
set forth in the section entitled "Risk Factors" and "Cautionary
Note Regarding Forward-Looking Statements" in the registration
statement on Form F-4 (File No: 333- 271649), and the definitive
proxy statement/prospectus, relating to the Business Combination,
and other documents Captivision has filed, or will file, with the
U.S. Securities and Exchange Commission.
Nothing in this communication should be regarded as a
representation by any person that the forward-looking statements
set forth herein will be achieved or that any of the contemplated
results of such forward-looking statements will be achieved. You
should not place undue reliance on forward-looking statements,
which speak only as of the date hereof. None of GLAAM or
Captivision undertake any duty to update these forward-looking
statements.
Contacts:
Jaguar Global Growth Corporation I Media
Contact Dukas Linden Public Relations for Jaguar Global
Growth Corporation I +1 212.704.7385jaguar@dlpr.com
Jaguar Global Growth Corporation I Investor Relations
ContactCody Slach and Jackie KeshnerGateway Group, Inc. +1
949.574.3860JGGC@gateway-grp.com
GLAAM Investor Relations ContactKwang In Seo
GLAAM Co. Ltd+82.70.5106.2804ki.seo@glaam.co.kr
Jaguar Global Growth Cor... (NASDAQ:JGGCU)
Historical Stock Chart
From Jan 2025 to Feb 2025
Jaguar Global Growth Cor... (NASDAQ:JGGCU)
Historical Stock Chart
From Feb 2024 to Feb 2025