Glam Enters Nasdaq in Q3... "Approval of Merger Resolution with US JGGC"

Glam announced on the 24th that it has approved the merger resolution with ‘Jaguar Global Growth (JGGC)’, which is listed on NASDAQ, at the extraordinary general meeting of shareholders.

As Glam has entered the final stage of the NASDAQ listing process, the NASDAQ listing is expected to be completed within the third quarter of this year. It is anticipated to be the first case of a domestic media facade specialized company entering NASDAQ.

Glam plans to actively target the North American mega media (SLAM) market based on JGGC’s expertise in overseas real estate development.

Glam completed the submission of the domestic securities registration statement and board approval of the merger resolution within five months of signing the merger agreement with JGGC. The securities registration statement for domestic merger approval was submitted to the Financial Supervisory Service, and the registration statement became effective from the 21st.

Once all merger procedures are completed, the shares of Glam and JGGC shareholders will be exchanged for shares of the new merged company. The company name will be changed to ‘Captivision Inc.’, and the stock codes will be ‘CAPT’ and ‘CAPTW’.

A company official stated, “At this general meeting, 67% of all shareholders and 100% of attending shareholders (including those with proxy voting rights) approved the resolution, providing full support and laying the foundation for entry into overseas markets,” adding, “Through the NASDAQ listing, we will enhance brand awareness and establish our position as a global leading company.”