Filed by Captivision Inc.
Pursuant to Rule 425 of the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
of the Securities Exchange Act of 1934
Subject Company: Jaguar Global Growth Corporation I
Commission File No.: 001-41284
GLAAM Approves Business Combination with Jaguar Global Growth Corporation I at General Meeting of GLAAM Shareholders
July 24, 2023
SEOUL, South Korea and MIAMI GLAAM
Co., Ltd. (GLAAM or the Company), a leading designer and developer of architectural display glass, announced on July 21, 2023 that it held an extraordinary general meeting of shareholders and approved the previously
announced business combination (the business combination) with Jaguar Global Growth I (Nasdaq: JGGC, JGGCR and JGGCW) (JGGC). Through JGGCs specialization in overseas real estate development, the Company plans to
actively target the North American super large architectural media (SLAM) market.
GLAAM is expected to become a US publicly traded company in
the third quarter of 2023. The Company is anticipated to be one of the first Korean-based media display companies listed on Nasdaq.
GLAAM completed the
submission of Korean securities reports and obtained the approval of its board of directors within five months of signing the business combination agreement, dated as of March 2, 2023 (the Business Combination Agreement) with JGGC.
The Company submitted a securities registration statement for the approval of a domestic merger in South Korea to the Financial Supervisory Service, which became effective on July 21, 2023.
As a result of the business combination, GLAAM and JGGC shareholders will exchange their shares for shares in a new combined company (NewCo). Upon
closing of the transaction, NewCo is expected to be renamed Captivision Inc. and its ordinary shares and warrants are expected to be listed on Nasdaq under the proposed ticker symbols CAPT and CAPTW.
GLAAMs founder, Dr. Ho Joon Lee, indicated, 67% of all GLAAM shareholders and 100% of all GLAAM shareholders present at the shareholder
meeting (including those who issued a proxy) voted in favor of the business combination. With our shareholders full support, we have built a stepping stone towards GLAAMs entry into the global marketplace. We intend to solidify our
position as a global leader in the architectural display glass space, and the proposed Nasdaq listing is expected to improve brand awareness.
About Jaguar Global Growth Corporation I
JGGC is a
partnership between Jaguar Growth Partners, a global investor in growth companies, and Hennessy Capital Group, an alternative asset manager for innovative technology companies. For more information, please visit www.jaguarglobalgrowth.com.
About GLAAM
GLAAM is the inventor and manufacturer of G-Glass, the worlds first architectural media glass that combines IT building material and architectural glass into one standalone product. G-Glass has a variety of
applications, including digital out of home media and marketing.
To learn more about GLAAM, visit: www.glaam.co.kr/en.