JGGC SEC filings, in plain English
Everything Jaguar Global Growth Corp I has filed with the SEC that we hold — 40 filings, newest first, 2 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: Jaguar Global Growth Corporation I called an extraordinary general meeting for September 27, 2023 in Miami and online to approve its Business Combination Agreement dated March 2, 2023 with Captivision Inc., amended June 16, July 7, July 18 and September 7, 2023. The Interim Redemption Scenario assumes 5,037,147 Class A shares, half the public shares, redeem at $10.74 per share for $54,098,959; the Maximum Redemption Scenario assumes all 10,074,293 public shares redeem. Earnout Triggering Events are share prices of $12.00, $14.00 and $16.00 over 20 of any 30 consecutive trading days. Why it matters: 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.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- not previously extracted2023-09-15
SpacBrain reads this as the agreement may be terminated from 2023-09-15.
The clause …“pursuant to which it would propose and seek approval to (i) extend the SPAC Outside Date to September 15, 2023 and (ii) to permit JGGC, without another vote of JGGC Shareholders to elect to extend the SPAC Outside Date on a monthly”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2023-05-12trust $240.6M → $243.3M +1%deadline 2023-08-15 → 2023-12-15
trust account, combination deadline, going-concern doubt +22 moved · 3 with no prior record of ours
- Trust account
- $240.6M$243.3M
- Combination deadline
- 2023-08-152023-12-15
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $250K · unchanged
- Redeemable shares
- 23.0M · unchanged
SpacBrain reads this as $2,771,661 was added to the trust between the two filings.
The clause …“party — 6,600 Total current assets 662,334 1,256,552 Marketable securities held in Trust Account 243,333,857 238,038,403 Other non-current assets — 65,283 Total Assets $ 243,996,191 $ 239,360,238 LIABILITIES, ORDINARY SHARES SUBJECT”…
SpacBrain reads this as 122 days later than the previous record.
The clause …“basis for up to three times by an additional one month each time, until December 15, 2023 (as so extended, the “Termination Date), unless the closing of the business combination has occurred prior to such Termination Date (such”…
The clause …“mandatory liquidation and subsequent dissolution within twelve months raises substantial doubt about the Company’s ability to continue as a going concern. The unaudited condensed consolidated financial statements do not include any”…
The clause …“to loan us an aggregate of up to $300,000 and as of December 31, 2021 we had borrowed an aggregate amount of $250,000 under an unsecured amended and restated promissory note. We fully repaid such loan upon the closing of the Initial”…
The clause …“value; 500,000,000 shares authorized; no ne issued or outstanding (excluding 23,000,000 shares subject to possible redemption) at June 30, 2023 and December 31, 2022 — — Class B ordinary shares, $ 0.0001 par value; 50,000,000 shares”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Jaguar Global Growth Corporation I called an EGM at 601 Brickell Key Drive in Miami to extend the termination date from August 15, 2023, eighteen months after its IPO closed, with monthly extensions up to three times at the sponsor's request on five days' advance notice, until December 15, 2023, a total of four additional months. A redemption limitation amendment accompanies it. The record date is July 17, 2023. The extension is sought to complete the business combination under an agreement dated March 2, 2023 that has already been amended on June 16, 2023, July 7, 2023 and July 18, 2023. Why it matters: 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.
In plain English
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.
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.
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.