Crown LNG to go public via a SPAC merger with Catcha Investment in a $685m deal.

Crown LNG, a provider of offshore LNG liquefaction and regasification terminal infrastructure solutions for harsh weather locations, agreed to go public via a SPAC merger with Catcha Investment, a special purpose acquisition company, in a $685m deal. “This business combination with Catcha is a transformative step for accelerating Crown’s growth, with the aim to provide its investors with a stable, long-term return on their investment. Our targeted blue-chip potential customer base will reflect the strong and growing global demand for harsh weather LNG infrastructure allowing for year-round operation to enable the global energy transition and ensure energy security by facilitating access to reliable natural gas supplies, as well as hydrogen, ammonia and power. The capital raised in this transaction will further strengthen our ability to execute on our diversified project pipeline in India, the UK, Vietnam, Canada, and other global markets,” Swapan Kataria, Crown CEO.