secwatch / observer
8-K filed August 16, 2023, 7:59 PM ET CIK 0001857518
other material confidence high sentiment neutral materiality 0.60

Jaguar Global Growth I extends business combination deadline to Dec 15, 2023; sponsor funds up to $450K

Jaguar Global Growth Corp I

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Jaguar Global Growth Corp I: Amended articles to extend business combination deadline from August 15, 2023 to September 15, 2023, with option for up to three additional monthly extensions until December 15, 2023 (effective 2023-08-16).

Change
charter amendment
Effective
2023-08-16
Exact text from the filing
At the Extraordinary General Meeting, shareholders approved an amendment to JGGC’s amended and restated Memorandum and Articles of Association (the “ Articles ”) to: (i) extend the date (the “ Termination Date ”) by which JGGC has to consummate a business combination (the “ Extension ”) from August 15, 2023 (the date which is 18 months from the closing date of JGGC’s IPO) (the “ Original Termination Date ”) to September 15, 2023 (the “ Extended Date ”), and to allow JGGC, without another shareholder vote, to elect to extend the Termination Date to consummate a business combination on a monthly basis for up to three times by an additional one month each time after the Extended Date, by resolution of JGGC’s board of directors (the “ Board ”), if requested by the Sponsor, and upon five days’ advance notice prior to the applicable Termination Date, until December 15, 2023, or a total of up to four months after the Original Termination Date, unless the closing of JGGC’s business combination
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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Jaguar Global Growth Corp I: Amended articles to eliminate the limitation that JGGC shall not redeem public shares if it would cause net tangible assets to be less than $5,000,001 (effective 2023-08-16).

Change
charter amendment
Effective
2023-08-16
Exact text from the filing
and (ii) eliminate from the Articles the limitation that JGGC shall not redeem public shares to the extent that such redemption would cause JGGC’s net tangible assets to be less than $5,000,001 following such redemptions (the “ Redemption Limitation ”) in order to allow JGGC to redeem public shares irrespective of whether such redemptions would breach the Redemption Limitation (the “ Redemption Limitation Amendment ”).
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Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

Jaguar Global Growth Corp I shareholders approved Extension Amendment at the 2023-08-16 meeting.

Proposal
charter amendment
Outcome
passed
Meeting
2023-08-16
Exact text from the filing
At the Extraordinary General Meeting, holders of 25,167,976 of JGGC’s ordinary shares, which represents approximately 82% of the ordinary shares outstanding and entitled to vote as of the record date on July 17, 2023, were represented in person or by proxy, constituting a quorum for the transaction of business. At the Extraordinary General Meeting, the shareholders approved the following proposals (the “ Proposals ”): (i) the proposal to approve the Extension Amendment, and (ii) the proposal to approve the Redemption Limitation Amendment.
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Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

Jaguar Global Growth Corp I shareholders approved Redemption Limitation Amendment at the 2023-08-16 meeting.

Proposal
charter amendment
Outcome
passed
Meeting
2023-08-16
Exact text from the filing
Approval of the Redemption Limitation Amendment Proposal Votes For Votes Against Abstentions 24,987,471 180,505 0
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Source: SEC EDGAR
accession 0001193125-23-214381
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