Catcha Investment Corp (“Catcha”) (NYSE American: CHAA), a
publicly traded special purpose acquisition company, today
announced that shareholders of record as of January 16, 2024
approved the previously proposed business combination with Crown
LNG Holdings AS (“Crown”), a leading provider of LNG liquefaction
and regasification terminal technologies for harsh weather
locations.
The full results of the vote will be included in a Current
Report on Form 8-K to be filed by Catcha with the U.S. Securities
and Exchange Commission.
In line with this approval, Catcha and Crown have also agreed to
extend the deadline under the Business Combination Agreement until
June 28th, 2024, on or before which the business combination is
expected to close, and the combined company’s ordinary shares and
warrants are expected to commence trading on the Nasdaq Capital
Market (under the new ticker symbols “CGBS” and “CGBSW”
respectively) thereafter.
About Crown LNG Holdings AS
Crown LNG Holdings AS is a leading provider of
offshore LNG liquefaction and regasification terminal
infrastructure solutions for harsh weather locations, which
represent a significant addressable market for bottom-fixed,
gravity based liquefaction and regasification plants, as well as
associated green hydrogen, ammonia and power projects. Through this
approach, Crown aims to provide lower carbon sources of energy
securely to under-served markets across the globe. Visit
www.crownlng.com/investors for more information.
About Catcha Investment
Corp
Catcha Investment Corp (NYSE American: CHAA) is
a blank check company, also commonly referred to as a special
purpose acquisition company, or SPAC, formed for the purpose of
effecting a merger, share exchange, asset acquisition, share
purchase, reorganization or similar business combination with one
or more businesses or entities. Catcha is led by Chief Executive
Officer Patrick Grove and President Luke Elliott, and is sponsored
by Catcha Group, one of the earliest and most established new
economy-focused investment groups in Southeast Asia and
Australia.
Important Information and Where to Find
It
In connection with the Business Combination,
Crown filed the Registration Statement with the SEC, which includes
a proxy statement/prospectus to be distributed to holders of
ordinary shares of Catcha in connection with Catcha’s solicitation
of proxies for the vote by Catcha’s shareholders with respect to
the Business Combination and other matters as may be described in
the Registration Statement, as well as a prospectus relating to the
offer of securities to be issued to Crown equity holders in
connection with the Business Combination. The Registration
Statement has been declared effective by the SEC and Catcha is
mailing a definitive proxy statement/prospectus and other relevant
documents to its shareholders. The Registration Statement includes
information regarding the persons who may, under the SEC rules, be
deemed participants in the solicitation of proxies to Catcha’s
shareholders in connection with the Business Combination. Catcha
and Crown LNG Holdings Limited have filed and will file other
documents regarding the Business Combination with the SEC. BEFORE
MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS AND SECURITY
HOLDERS OF CATCHA AND CROWN ARE URGED TO READ THE REGISTRATION
STATEMENT, THE DEFINITIVE PROXY STATEMENT/PROSPECTUS CONTAINED
THEREIN, AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE
FILED WITH THE SEC IN CONNECTION WITH THE BUSINESS COMBINATION AS
THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION ABOUT THE BUSINESS COMBINATION.
Investors and security holders will be
able to obtain copies of the Registration Statement, the definitive
proxy statement/prospectus and all other relevant documents filed
or that will be filed with the SEC by Catcha or Crown LNG Holdings
Limited , without charge, once available, at the SEC’s web site
at www.sec.gov. In addition, the
documents filed by Catcha may be obtained free of charge from
Catcha by directing a request to: Catcha Investment Corp,
3 Raffles Place #06-01, Bharat Building,
Singapore 048617, Attention:
Patrick Grove.
Participants in the Solicitation of
Proxies
Catcha and its directors and executive officers
may be deemed participants in the solicitation of proxies from
Catcha’s shareholders with respect to the Business Combination. A
list of the names of those directors and executive officers and a
description of their interests in Catcha is contained in the
registration statement on Form S-1, as amended, which was initially
filed by Catcha with the SEC on January 25, 2021 and is available
free of charge at the SEC’s web site at www.sec.gov, or by
directing a request to Catcha Investment Corp, 3 Raffles Place
#06-01, Bharat Building, Singapore 048617, Attention: Patrick
Grove. Additional information regarding the interests of such
participants may be obtained by reading the Registration Statement,
the definitive proxy statement/prospectus and other relevant
documents filed with the SEC when they become
available.
Crown’s directors and executive officers may
also be deemed to be participants in the solicitation of proxies
from Catcha’s shareholders in connection with the Business
Combination. A list of the names of such directors and executive
officers and information regarding their interests in the Business
Combination may be obtained by reading the Registration Statement,
the definitive proxy statement/prospectus and other relevant
documents filed with the SEC when they become available.
No Offer or Solicitation
This press release is for informational purposes
only and shall not constitute a solicitation of a proxy, consent or
authorization with respect to any securities or in respect of the
Business Combination described herein. This press release shall
also not constitute an offer to sell or the solicitation of an
offer to buy any securities, nor shall there be any sale of
securities in any states or jurisdictions in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
No offer of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended.
Forward-Looking Statements
Certain statements in this press release may be
considered forward-looking statements within the meaning of the
federal securities laws with respect to the Business Combination.
These forward-looking statements include, without limitation,
statements regarding the benefits of the Business Combination;
expectations with respect to the future performance of the combined
company following the Business Combination; the anticipated
satisfaction or waiver of the closing conditions to the Business
Combination and the anticipated timing of the completion of the
Business Combination. In some cases, you can identify
forward-looking statements by terminology such as “may”, “should”,
“expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”,
“predict”, “potential” or “continue”, or the negatives of these
terms or variations of them or similar terminology. Such
forward-looking statements are subject to risks, uncertainties, and
other factors which could cause actual results to differ materially
from those expressed or implied by such forward looking statements.
Although these forward-looking statements are based upon estimates
and assumptions that Catcha and Crown believe are reasonable they
are inherently uncertain and such estimates and assumptions may
prove to be incorrect. Factors that may cause actual results to
differ materially from current expectations include, but are not
limited to: (1) the risk that the Business Combination may not be
completed in a timely manner or at all; (2) the potential failure
to obtain an extension of the deadline by which to complete the
Business Combination; (3) the occurrence of any event, change or
other circumstances that could give rise to the termination of
Business Combination Agreement; (4) the outcome of any legal
proceedings that may be instituted against Catcha, Crown, the
combined company or others; (5) the inability to complete the
Business Combination due to the failure to obtain approval of the
shareholders of Catcha or to satisfy or waiver other conditions to
closing; (6) changes to the proposed structure of the Business
Combination that may be required or appropriate as a result of
applicable laws or regulations; (7) the inability to maintain the
listing of Catcha’s securities on NYSE American prior to the
Business Combination; (8) the inability to meet stock exchange
listing standards following the consummation of the Business
Combination; (9) the risk that the Business Combination disrupts
current plans and operations of Catcha or Crown as a result of the
announcement and consummation of the Business Combination; (10) the
ability to recognize the anticipated benefits of the Business
Combination, which may be affected by, among other things,
competition, the ability of the combined company to grow and manage
growth profitably, maintain relationships with customers and
suppliers and retain its management and key employees; (11) costs
related to the Business Combination; (12) changes in applicable
laws or regulations; (13) the possibility that Catcha, Crown or the
combined company may be adversely affected by other economic,
business, and/or competitive factors; (14) Crown’s estimates of
expenses and profitability and underlying assumptions with respect
to shareholder redemptions and purchase price and other
adjustments; and (15) other risks and uncertainties set forth in
the sections entitled “Risk Factors” and “Cautionary Note Regarding
Forward-Looking Statements” in Catcha’s registration statement on
Form S-1, as amended, which was initially filed with the SEC on
January 25, 2021, in its Annual Report on Form 10-K for the year
ended December 31, 2022 filed with the SEC on April 24, 2023 and
its subsequent Quarterly Reports on Form 10-Q, the Registration
Statement, the proxy statement/prospectus contained therein, and
any other documents filed (or to be filed) from time to time by
Catcha with the SEC. The foregoing list of factors is
not exhaustive. These filings identify and address other important
risks and uncertainties that could cause actual events and results
to differ materially from those contained in the forward-looking
statements.
Nothing in this press release should be regarded
as a representation by any person that the forward-looking
statements set forth herein will be achieved or that any of the
contemplated results of such forward-looking statements will be
achieved. You should not place undue reliance on forward-looking
statements, which speak only as of the date hereof. Unless required
by law, none of Catcha or Crown undertakes any duty to update these
forward-looking statements.
Investor ContactsCaldwell BaileyICR,
Inc.CrownLNGIR@icrinc.com
Media ContactsZach GorinICR,
Inc.CrownLNGPR@icrinc.com
Crown LNG (NASDAQ:CGBSW)
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