Jaguar Global and GLAAM/Captivision Announce Shareholder Approval of Business Combination
28 September 2023 - 10:30PM
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 that their
previously announced business combination was approved by Jaguar
Global’s shareholders during its extraordinary general meeting
of shareholders (the “Extraordinary General Meeting”) held on
September 27th.
Over 79% of the votes cast at the Extraordinary General Meeting
were in favor of approving the business combination. Jaguar Global
shareholders also voted to approve all other proposals presented
during the Extraordinary General Meeting. The complete official
results of the vote will be included in a current report on Form
8-K, which will be filed by Jaguar Global with the U.S. Securities
and Exchange Commission.
As a result of the business combination, GLAAM and Jaguar Global
shareholders will exchange their shares for shares in a new
combined company that is named “Captivision Inc.” Captivision’s
ordinary shares and warrants are expected to be listed on the
Nasdaq Stock Market under the proposed ticker symbols “CAPT” and
“CAPTW,” respectively.
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.
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 proposed
business combination, the satisfaction of the closing conditions to
the proposed business combination and the timing of the completion
of the proposed 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 its 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 occurrence of any event,
change or other circumstances that could give rise to the
termination of the business combination agreement; (2) the outcome
of any legal proceedings or regulatory matters or investigations
that may be instituted against Jaguar Global, GLAAM,
Captivision or others; (3) the inability to complete the
business combination due to the failure to satisfy the conditions
to closing under the business combination agreement; (4) changes to
the proposed structure of the business combination that may be
required or appropriate as a result of applicable laws or
regulations; (5) the ability to meet stock exchange listing
standards following the consummation of the business combination;
(6) the risk that the business combination disrupts current plans
and operations of Jaguar Global or GLAAM as a result of the
announcement and consummation of the business combination; (7) 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; (8) costs related to the
business combination; (9) changes in applicable laws or
regulations; (10) the possibility that Jaguar Global, GLAAM or
Captivision may be adversely affected by other economic, business,
and/or competitive factors; (11) the impact of COVID-19 on GLAAM's
business and/or the ability of the parties to complete the proposed
business combination; (12) GLAAM's estimates of expenses and
profitability and underlying assumptions with respect to
shareholder redemptions and purchase price and other adjustments;
and (13) other risks and uncertainties set forth in the section
entitled "Risk Factors" and "Cautionary Note Regarding
Forward-Looking Statements" in Jaguar Global’s final prospectus
relating to its initial public offering and in Jaguar Global’s and
Captivision's subsequent filings with the SEC, including the
registration statement on Form F-4, and the definitive proxy
statement/prospectus, relating to the business combination.
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 Jaguar Global,
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 ContactNakyung Kim THE
IR+82.2.785.1109snk@irup.co.kr
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