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GLAAM and Jaguar Global Growth Corporation I have announced a definitive business combination, aiming to establish GLAAM as a publicly traded entity. GLAAM is recognized for its innovative product, G-Glass, the first IT construction material that enables buildings to function as media devices. Currently, GLAAM has over 460 installations, including significant sites like Qatar's View Hospital and the Pyeongchang Winter Olympics. The merger indicates a pro forma enterprise value of $309 million, with an estimated $200 million in net cash available for growth. The transaction is set to close in the third quarter of 2023, pending regulatory approvals.
Jaguar Global Growth Corporation I (JGGCU) successfully closed its initial public offering, raising $230 million from 23 million units priced at $10 each, including a full overallotment option. The units comprise one Class A ordinary share, rights for additional shares, and redeemable warrants. Trading commenced on Nasdaq on February 11, 2022. The company aims to pursue business combinations in PropTech, focusing on high-quality international firms. Citigroup and Barclays were the joint book-running managers of the offering.
Jaguar Global Growth Corporation I has priced its initial public offering of 20,000,000 units at $10.00 each, set to trade on NASDAQ under the ticker symbol JGGCU starting
