Jaguar Global Growth Corp I
JGGC · Nasdaq
NO ACTION REQUIRED
Nothing left to do
The purchase completed and the shares became shares in the company it bought. There is no deadline left to miss.
Cash at settlement
No cash-per-share figure was filed for this vehicle before it finished.
Last close
Daily close
No price history on file yet — daily closes accumulate from the market data feed.
Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.
SpacBrain’s read
Trust settled
The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).
In plain terms
- What it is
- A SPAC from Outstanding Common Shares Jaguar Global Growth Partners I, LLC, listed on Nasdaq in February 2022.
- What it's doing now
- It agreed in September 2023 to buy GLAAM Co., Ltd., a Korean manufacturer of electrically switchable glass company. The deal valued that business at about $186.6M. That purchase completed, and it stopped being a SPAC — the shares became shares in the business it bought.
- What you should know
- This SPAC has finished. The purchase completed, and the shares became shares in the company it bought — anyone who wanted the cash instead asked for it at the vote, so there is no cash left here to claim and no deadline left to miss.
At a glance
- Where it stands
- Closed (deSPAC)
- The business it bought
- GLAAM Co., Ltd.
- Industry
- Korean manufacturer of electrically switchable glass (smart glass)
- Deal value
- $187M
- announced 14 September 2023
- Price vs cash at settlement
- no live price on file
- Cash in trust when it settled
- not yet extracted into a snapshot — the filings below may state it
- the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
- IPO
- 11 February 2022
- size not on file · 102.0% of each $10 unit into trust
- Headquarters
- 3225 FRANKLIN AVENUE,, MIAMI, FL, 33133
- registered in the Cayman Islands
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- Hennessy Thomas D (Director) · Beck Milton Joseph (Director) · Page Anthony R (Chief Financial Officer)
- Listed securities
- JGGC common
This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.
Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.
Yield to redemption
Nothing left to redeem — no yield to compute.
This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.
What happened to the cash
The reasoning behind the verdict above, in the order the filings establish it.
- The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).
What has happened, and what is coming
2 dated milestonesEvery dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.
- 11 February 2022IPOpassed
IPO size not on file
- 14 September 2023Deal announcedpassed
Combination with GLAAM Co., Ltd.
The deal
terms as filedWhat it is buying, on what terms, and how much of the combined company new shares take from you.
- GLAAM Co., Ltd.$187M · announced 14 September 2023closedpost-close CAPTSEC primary
The score
deterministic, from filed fieldsJGGC is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.
The score is only published for names that carry both a price and a filed cash-per-share figure — 295 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.
The company
from SEC filingsRead the full profile
Jaguar Global Growth Corp I was a blank-check company whose common shares traded on the Nasdaq Stock Market under the ticker JGGC. The company priced its initial public offering on February 11, 2022, as reflected in a 424B prospectus filed with the SEC. Its SEC filings include a 10-Q dated August 9, 2023, on whose cover page the JGGC ticker appears. The vehicle is now closed, having completed a business combination evidenced by a Form 25 filed on November 15, 2023, under 17 CFR 240.12d2-2(a)(3), by which its Class A Ordinary Shares, Warrants, Rights, and Units came to evidence other securities in substitution therefor.
Material findings
from the full read of every filingEvery document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.
The $10.74 per share redemption price is the floor and it is stated explicitly, so JGGC holders could size their exit precisely. Four amendments in six months on the same agreement is the pattern of a deal held together by renegotiation. The earnout triggers at $12.00, $14.00 and $16.00 only pay the seller if the stock rises well above the trust value, which at least aligns that portion of the consideration with public holders' outcome.
Three amendments to the business combination agreement in five weeks immediately before this meeting describe terms still being renegotiated rather than a transaction ready to close, and only four months of runway are being requested. Extensions depend on the sponsor requesting them, so holders who stay are relying on a sponsor that can simply stop asking and let the vehicle liquidate. The redemption limitation amendment removes the net tangible asset floor, allowing the trust to be redeemed down without limit while that renegotiation continues.
Filings
live EDGAR feedEverything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.
Show the other 10 filings
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
Outstanding Common Shares Jaguar Global Growth Partners I, LLCnamed as sponsor in this SPAC’s filings — but with no researched track record behind it yet.
A missing score, not a score of zero — why
A Sponsor Score is only published once the sponsor’s prior vehicles have been verified on EDGAR and their post-close outcomes priced. That record does not exist for this sponsor yet, so no number and no tier is shown. That is a missing score, not a score of zero — and not a neutral 50 either.
Coverage so far: 301 of 1280 tracked SPACs (24%) are attached to a scored sponsor. This card fills in by itself as the research lands.
The record
The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.
Show the reference detail
Unit structure
Unit: U = S + W/2 · 102.0% of the $10 unit
from 424B4 0001104659-22-020423
Trading & liquidity
Company profile
Directors & officers
- Hennessy Thomas DDirector
- Beck Milton JosephDirector
- Page Anthony RChief Financial Officer
- McDonald ThomasDirector
- Berman Michael BDirector
- Notaras MarthaDirector
- Lee Jason HDirector
Institutional holders
from SC 13G/13DFunds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.
Show the declared stakes
9 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.
- AQR CAPITAL MANAGEMENT LLCwith 1 other reporting person on the same schedule6.6% · SC 13GFeb 14, 2023 stale
- BARCLAYS PLCwith 1 other reporting person on the same schedule5.0% · SC 13GJan 30, 2023 stale
- BANK OF NOVA SCOTIA2.5% · SC 13G/AOct 10, 2024 stale
- Radcliffe Capital Management, L.P.with 5 other reporting persons on the same schedule0.0% · SC 13G/AFeb 14, 2024 stale
- Taconic Capital Advisors LPwith 5 other reporting persons on the same schedule0.0% · SC 13G/AFeb 12, 2024 stale
- CANTOR FITZGERALD SECURITIESwith 2 other reporting persons on the same schedule0.0% · SC 13G/AFeb 12, 2024 stale
- Saba Capital Management, L.P.with 1 other reporting person on the same schedule0.0% · SC 13G/AFeb 8, 2024 stale
- HIGHBRIDGE CAPITAL MANAGEMENT LLC0.0% · SC 13G/AFeb 2, 2024 stale
- Space Summit Capital LLC0.0% · SC 13G/AFeb 8, 2023 stale
One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.
Sources on file
harvested pages, kept in fullEvery public page we have read about this company, stored in full so a source can never go missing.
Show the sources
38 full SEC filing texts archived — searchable, never lost.
- Vault note — JGGC (Jaguar Global Growth Corp I)
vault-note · /vault/tickers/JGGC
- Vault deal note — GLAAM Co., Ltd. (JGGC)
vault-note · /vault/deals/glaam-co-ltd
In plain English
tap a term to open itEvery piece of jargon this page could have used, and what it actually means.
Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
Pro-forma equitywhat the company is valued at once the deal closes
The combined company's equity value assuming the announced terms and the redemptions that have actually happened.
ARShow much upside you get per unit of downside
SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.
Outside datethe contractual long-stop for closing the deal
A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.
Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since
A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.
Ask the brain
from its filingsData provenance & audit trail5 internal entries
Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.
admitted from the HISTORICAL census (EDGAR's SIC 6770 registrant list, walked in full: 3,325 registrants, 1,167 of which ever priced an IPO). The live discovery job cannot reach this registrant — it reads the filing tape, and this one stopped filing. Admission rule: src/lib/universe-admit.ts. SIC 6770 (Blank Checks); 424B 0001104659-22-020423 priced 2022-02-11; common ticker JGGC off 10-Q 0001193125-23-207428 (2023-08-09); lifecycle EXITED. Ending PROVEN, not inferred: CLOSED per Form 25 0001354457-23-000841 (2023-11-15) — Form 25 filed under 17 CFR 240.12d2-2(a)(3) — the rule for securities that "have come to evidence other securities in substitution therefor", i.e. the shares became the successor's (class: Class A Ordinary Shares, Warrants, Rights, and Units). ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.
sponsor "Outstanding Common Shares Jaguar Global Growth Partners I, LLC" sourced from prospectus definition (10-K) acc 0001193125-22-090959.
AI-extracted target (z-ai/glm-5.2, conf 0.95)
target recovered for a completed de-SPAC
entity created from the filed target name; no About paragraph on file, so every other field awaits a sourced read