Catcha Investment in a regulatory filing said today’s shareholder meeting to consider a deadline extension has been moved to Feb. 16. The redemption deadline is 5 p.m. today.
The SPAC seeks monthly extensions up to May 17, and would deposit 3 cents a share into trust for each month required if the proposal is approved.
Catcha has a deal in hand with Crown LNG Holding AS, a provider of LNG liquefaction and regasification terminal technologies for harsh weather locations.
Catcha and Crown announced the deal back in August at a pre-money valuation of approximately $600 million, and a pro forma enterprise value of the combined company at $685 million.
If approved, upon completion Crown’s shares are expected to trade on the NYSE under the ticker CGBS.
The transaction is expected to provide $50 million of capital, with net proceeds going to fund the company’s Kakinada and Grangemouth projects to final investment decision. Read more.
