S-4 Filing

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.

Terms also call for placing $200 million in earnout shares into escrow, subject to a vesting timetable.

Terms call for LatAm Logistic to receive 28.6 million shares valued at $10 each. There is a minimum cash closing condition of $25 million, which assumes 70% redemptions by the SPAC's public shareholders.

The SPAC last month announced a merger agreement with Car Tech, a U.S. stamped auto-body parts manufacturer and subsidiary of Korean supplier, Shinyoung Co.

The SPAC has a merger agreement with Profusa. Based in Emeryville, CA, the target is a digital health company.

The deal was announced last August at a $250 million valuation. The target is a “smart healthcare service provider” focused on delivering non-medical community healthcare services to the elderly in localities across China.

Genesis Growth lost almost all of its cash in trust to redemptions last year on extension votes.

The language in the amended proxy is similar to the SPAC's rhetoric when it urged shareholders to vote for a deadline extension on the deal at a time when Digital World was having trouble mustering the 65% of shareholders needed to approve the extension.

Last July, shareholders cashed out 18,785,585 shares for approximately $200.9 million, or $10.69 per share, essentially wiping out the trust. In June 2023, just before the extension vote, the sponsor converted 4.75 million Class B shares into the same number of Class A shares. 

The target produces Light-Emitting Diode (LED) technology, with one of the largest LED product manufacturing and research facilities in Asia.