Jaguar Global Growth called a Sept. 27 noon meeting for shareholders to vote on a proposed merger with GLAAM, a designer and manufacturer of architectural media glass. The SPAC noted that the registration statement on the deal has been declared effective by the SEC.
GLAAM aims to list on the Nasdaq if the merger is approved.
As announced in March, the deal has a pro forma enterprise value of $309 million.
Proceeds from the transaction, before the payment of expenses, will be up to $244 million of cash held in Jaguar Global’s trust before any redemptions, with approximately $200 million in net cash on the balance sheet to fund growth. There is no minimum cash condition to close.
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.
