2023-08-03 07:49:14 ET
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Offshore LNG liquification provider Crown LNG Holdings AS to go public via a business combination with SPAC Catcha Investment Corp. ( NYSE: CHAA ).
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Pro forma implied enterprise value of the combined company will be approximately $685 million.
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The deal, forecasted to be completed in Q4 2023, is expected to provide $50 million of capital, with net proceeds intended to fund Crown's projects in Kakinada, India and Grangemouth, Scotland to final investment decision.
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The combined company, named Crown LNG Holdings Limited (PubCo), intends to apply to list its shares on the New York Stock Exchange under the ticker “CGBS”.
For further details see:
Crown LNG Holdings AS to go public via SPAC merger deal