Catcha Investment filed a registration statement outlining its proposed merger with Crown LNG Holding AS.
The target is a provider of LNG liquefaction and regasification terminal technologies for harsh weather locations.
Catcha and Crown announced the deal 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.
Catcha’s current deadline extension gives it until February 2024 to complete a deal.
Catcha raised $275 million in a Februrary 2021 IPO to target companies with operations or prospective operations in the technology, digital media, financial technology, or digital services sectors across Asia Pacific, in particular Southeast Asia and Australia. Read more.
