Item 8.01 Other Events
Jaguar Global Growth Corporation I, a Cayman Islands exempted company limited by
shares (the "Company") has an account at Silicon Valley Bank ("SVB") which, as
of March 13, 2023, contains total cash and cash equivalents of approximately
$322,000. On March 10, 2023, the Federal Deposit Insurance Corporation ("FDIC")
issued a press release stating that SVB was closed by the California Department
of Financial Protection and Innovation, which appointed the FDIC as receiver. On
March 12, 2023, the FDIC, the Department of Treasury and the Federal Reserve
issued a joint statement indicating that actions would be taken to complete the
FDIC's resolution of SVB in a manner that fully protects all depositors. The
Company is monitoring the situation as more details become available but does
not believe this event will materially impact its operations.
Forward-Looking Statements
This Current Report on Form 8-K contains "forward-looking" statements that are
based on the Company's beliefs and assumptions and on information currently
available to the Company on the date of this Current Report on Form 8-K.
Forward-looking statements include all statements that are not historical facts
and can be identified by terms such as "anticipate," "believe," "continue,"
"could," "design," "estimate," "expect," "may," "seek," "should," "will,"
"would" or similar expressions and the negatives of those terms. Forward-looking
statements may involve known and unknown risks, uncertainties and other factors
that may cause the Company's actual results, performance, or achievements to be
materially different from those expressed or implied by the forward-looking
statements. These statements include, but are not limited to, estimates
regarding the sufficiency of the Company's cash and cash equivalents and cash
flow from operations and the Company's ability to recover its cash in deposit at
SVB. Except as required by law, the Company assumes no obligation to update
these forward-looking statements publicly, or to update the reasons actual
results could differ materially from those anticipated in the forward-looking
statements, even if new information becomes available in the future.
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