Catcha Investment Corp And Crown LNG Holdings AS Announce Effectiveness Of Registration Statement For Proposed Business Combination
Portfolio Pulse from Benzinga Newsdesk
Catcha Investment Corp (NYSE:CHAA) and Crown LNG Holdings AS announced the SEC's effectiveness of their Registration Statement for a proposed business combination. A special meeting for Catcha shareholders to approve the deal is scheduled for March 6, 2024. The combination aims to leverage Crown's LNG infrastructure solutions in harsh weather locations, with the combined company's shares and warrants expected to trade under new ticker symbols 'CGBS' and 'CGBSW'. The deal highlights the growing demand for LNG and aims to provide stable, long-term returns to investors.
February 15, 2024 | 3:33 pm
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Catcha Investment Corp (CHAA) is set to combine with Crown LNG Holdings, aiming to capitalize on the growing LNG market. The SEC has declared the Registration Statement effective, with shareholder approval pending for March 6, 2024.
The effectiveness of the Registration Statement and the scheduled shareholder meeting indicate progress towards finalizing the business combination. This development is likely to be viewed positively by investors, as it moves CHAA closer to entering the growing LNG market, potentially enhancing its long-term value.
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