$JGGC Spac. merger all completed ,70K FLOAT 😊LAAM was recently selected by Lotte Engineering & Construction Co. Ltd., one of Korea's largest construction conglomerates, to supply glass for the CP1 Fourth Generation Media Facade of the Magok MICE Complex in Seoul, for a total project value of approximately KRW 9 billion ($6.7 million USD). The over 890,000 sq. ft. complex is expected to be completed in 2024 and will include a state-of-the-art convention center outfitted with a hotel, office and commercial space, and an advanced media facade comprised of G-Glass.
The KRW 2.5 trillion ($1.9 billion USD) landmark development will be Seoul's largest MICE complex, at roughly twice the size of Seoul's current prime exhibition and convention center, COEX, where GLAAM previously completed a 12,000 sq. ft. installation.
"We are proud to announce that GLAAM's proprietary technology will be featured at two of the most prominent business developments in South Korea today," said Dr. Ho Joon Lee, Co-Founder of GLAAM. "The award of these two high-profile contracts is a testament to the compelling transparency and sophisticated media capabilities of our G-Glass and the Company's strong pipeline of growth opportunities."
As previously announced, GLAAM and Jaguar Global have entered into a definitive business combination agreement. As a result of the business combination, GLAAM and Jaguar Global shareholders will exchange their shares for shares in a new combined company that is named "Captivision Inc." Captivision's ordinary shares and warrants are expected to be listed on the Nasdaq Stock Market under the proposed ticker symbols "CAPT" and "CAPTW," respectively.
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