Jaguar Global Growth Corporation I (Nasdaq: JGGC, JGGCR, and JGGCW)
(“Jaguar Global”) and GLAAM, Co., Ltd. (“GLAAM” or “the Company”),
a leading designer and manufacturer of architectural media glass,
and Captivision Inc. (“Captivision”), today announced that GLAAM
has been selected as the main supplier of media glass for two
prominent new properties in South Korea. GLAAM will be supplying
over 16,000 sq. ft. of glass for each of the Mohegan INSPIRE
Entertainment Resort in Incheon and the Magok Meeting, Incentives,
Convention, and Exhibition (“MICE”) complex in Seoul, with its
proprietary G-Glass serving as the main façade of both complexes.
Mohegan INSPIRE Entertainment Resort and
Casino
In April 2023, GLAAM was awarded a contract
worth KRW 6 billion ($4.5 million USD) with Hanhwa ENC, the 12th
largest construction company in Korea, for a media glass
installation at the main entrance of the Mohegan INSPIRE
Entertainment Resort and Casino. GLAAM’s G-Glass was selected for
its unique fusion of media capabilities, total transparency, and
full glass façade functionality.
Located near Incheon Airport, the Mohegan
INSPIRE Entertainment Resort is expected to be the largest
integrated resort in Northeast Asia. The destination property will
feature three five-star hotels, Korea’s first 15,000-seat arena, a
127,000 sq. ft. conference facility, and 400,000 sq. ft. of retail
space, as well as a major casino managed by Mohegan, a leading U.S.
based entertainment, gaming, and hospitality company. GLAAM’s
G-Glass installation is expected to be completed in October 2023,
with the full first phase of the resort anticipated to be completed
in early 2024.
Magok MICE Complex
GLAAM was recently selected by Lotte Engineering
& Construction Co. Ltd., one of Korea’s largest construction
conglomerates, to supply glass for the CP1 Fourth Generation Media
Façade of the Magok MICE Complex in Seoul, for a total project
value of approximately KRW 9 billion ($6.7 million USD). The over
890,000 sq. ft. complex is expected to be completed in 2024 and
will include a state-of-the-art convention center outfitted with a
hotel, office and commercial space, and an advanced media façade
comprised of G-Glass.
The KRW 2.5 trillion ($1.9 billion USD) landmark
development will be Seoul’s largest MICE complex, at roughly twice
the size of Seoul’s current prime exhibition and convention center,
COEX, where GLAAM previously completed a 12,000 sq. ft.
installation.
“We are proud to announce that GLAAM’s
proprietary technology will be featured at two of the most
prominent business developments in South Korea today,” said Dr. Ho
Joon Lee, Co-Founder of GLAAM. “The award of these two high-profile
contracts is a testament to the compelling transparency and
sophisticated media capabilities of our G-Glass and the Company’s
strong pipeline of growth opportunities.”
As previously announced, GLAAM and Jaguar Global have entered
into a definitive business combination agreement. 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 obtain approval of the
shareholders of Jaguar Global or to satisfy other conditions to
closing; (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.
Additional Information and Where to Find It
In connection with the proposed business combination,
Captivision has filed a registration statement on Form F-4
(File No. 333-271649) (the “Registration Statement”) with the
SEC, which includes a document that serves as a joint prospectus
with respect to Captivision securities and proxy statement of
Jaguar Global, referred to as a proxy statement/prospectus. The
Registration Statement was declared effective on September 13,
2023. Jaguar Global’s shareholders and other interested
persons are advised to read the Registration Statement, including
the definitive proxy statement/prospectus and any other documents
filed with the SEC in connection with the proposed business
combination, as these materials contain important information about
Captivision, GLAAM, Jaguar Global and the proposed business
combination. This communication does not contain all
the information that should be considered concerning the proposed
business combination and is not intended to form the basis of any
investment decision or any other decision in respect of the
proposed business combination. The definitive proxy
statement/prospectus and other relevant materials for the proposed
business combination have been mailed to shareholders of Jaguar
Global as of the record date established for voting on the proposed
business combination. Shareholders are also able to obtain copies
of the Registration Statement, including any amendments thereto,
the definitive proxy statement/prospectus and other documents filed
with the SEC, without charge, at the SEC's web site
at www.sec.gov, or upon written request to Jaguar Global at
Jaguar Global Growth Corporation I, 601 Brickell Key Drive, Suite
700, Miami, FL 33131.
Participants in Solicitation
Jaguar Global and its directors and executive officers may be
deemed participants in the solicitation of proxies from Jaguar
Global’s shareholders with respect to the proposed business
combination. A list of the names of Jaguar Global’s directors and
executive officers and a description of their interests in Jaguar
Global is contained in the Registration Statement, which was filed
with the SEC and is available free of charge at the SEC’s website
at www.sec.gov. To the extent such holdings of Jaguar Global’s
securities have changed since the filing of the Registration
Statement, such changes have been or will be reflected on
Statements of Change in Ownership on Form 4 filed with the SEC.
Captivision, GLAAM and their respective directors and executive
officers may also be deemed to be participants in the solicitation
of proxies from the shareholders of Jaguar Global in connection
with the proposed business combination. A list of the names of such
directors and executive officers and information regarding their
interests in the proposed business combination is contained in the
Registration Statement, which was filed with the SEC and is
available free of charge at the SEC’s website at www.sec.gov.
No Offer or Solicitation
This communication shall not constitute a solicitation of a
proxy, consent or authorization with respect to any securities or
in respect of the proposed business combination. This communication
shall also not constitute an offer to sell or the solicitation of
an offer to buy any securities, nor shall there be any sale of
securities in any states or jurisdictions in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended.
INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT
BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY
AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS
OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION
CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL
OFFENSE.
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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