Catcha Investment announced that shareholders approved the business combination with Crown LNG Holdings AS, a provider of LNG liquefaction and regasification terminal technologies for harsh weather locations.
Vote results have not yet been filed with the SEC.
Catcha and Crown have also agreed to extend the closing deadline until June 28. The combined company’s shares and warrants are expected to trade on the Nasdaq under new ticker symbols CGBS and CGBSW.
Catcha earlier this week said it had secured a PIPE funding agreement in up to seven tranches at $2.95 million each in convertible notes, as well as an original issue discount of up to $442,500 for each. Warrants to purchase additional stock will also be included in the funding package.
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. Read more.
