Jaguar Global And GLAAM/Captivision Announce Shareholder Approval Of Business Combination
Portfolio Pulse from Benzinga Newsdesk
Jaguar Global Growth Corporation I (NASDAQ:JGGC) and GLAAM, Co., Ltd. have announced that their previously announced business combination was approved by over 79% of Jaguar Global's shareholders. As a result, GLAAM and Jaguar Global shareholders will exchange their shares for shares in a new combined company named Captivision Inc. The new company's ordinary shares and warrants are expected to be listed on the Nasdaq Stock Market under the proposed ticker symbols 'CAPT' and 'CAPTW', respectively.
September 28, 2023 | 12:32 pm
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NEUTRAL IMPACT
Jaguar Global's shareholders approved the business combination with GLAAM, leading to the creation of a new company, Captivision Inc. This could potentially impact the stock price of JGGC in the short term.
The approval of the business combination by Jaguar Global's shareholders could lead to changes in the stock price of JGGC. However, the direction of the change is uncertain as it depends on various factors including market sentiment, the perceived value of the new company, and the terms of the share exchange.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100