Jaguar Global Growth I and GLAAM, a designer and manufacturer of architectural media glass, filed a registration statement on Form F-4 outlining their proposed business combination.
As announced in March, the deal has a pro forma enterprise value of $309 million. Proceeds from the transaction, before expenses, will be up to $244 million of cash held in Jaguar Global's trust before any redemptions, with approximately $200 million in cash on the balance sheet to fund growth. The transaction does not include a minimum cash condition.
If approved, upon closing the target will be renamed and list on the Nasdaq under a new ticker symbol.
Seoul, South Korea-based GLAAM manufactures an integrated architectural IT product, G-Glass, that combines architectural glass with customizable, large-scale digital media display capabilities. Read more.
Source: Jaguar Global Growth I and GLAAM File F-4 Detailing Merger Plan