As filed with the U.S. Securities and Exchange Commission on March 5, 2025.

Registration Statement No. 333-282396

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

AMENDMENT NO. 6

TO

FORM F-1

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

 

 

CROWN LNG HOLDINGS LIMITED

(Exact Name of Registrant as Specified in Its Charter)

 

 

Not Applicable

(Translation of Registrant’s name into English)

 

 

 

Jersey, Channel Islands   4924   Not Applicable

(State or Other Jurisdiction of

Incorporation or Organization)

 

(Primary Standard Industrial

Classification Code Number)

 

(I.R.S. Employer

Identification Number)

37th Floor, 1

Canada Square, Canary

Wharf, London, Greater

London E14

5AA United Kingdom

Telephone: +47 980 25 359

(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant’s Principal Executive Offices)

 

 

Cogency Global Inc.

122 East 42nd Street, 18th Floor

New York, New York 10168

+1 800-221-0102

(Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent of Service)

 

 

Copies to:

Andrew M. Tucker, Esq.

Nelson Mullins Riley & Scarborough LLP

101 Constitution Avenue, NW. Suite 900

Washington, D.C. 20001

(202) 689-2800

 

 

Approximate date of commencement of proposed sale to the public: As soon as practicable after this registration statement becomes effective.

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933 (as amended, the “Securities Act”), check the following box. ☒

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration number of the earlier effective registration statement for the same offering. ☐

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933. Emerging growth company ☒

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

 

The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.

 

 

The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act, or until this Registration Statement shall become effective on such date as the Commission, acting pursuant to said Section 8(a), may determine.

 

 

 


EXPLANATORY NOTE

This Amendment No. 6 to the Registration Statement on Form F-1 (the “Registration Statement”) of Crown LNG Holdings Limited is filed solely to amend Item 21 of Part II thereof and to file certain exhibits thereto. This Amendment No. 6 does not modify any provision of the preliminary prospectus contained in Part I or Items 6 or 22 in Part II. Accordingly, this Amendment No. 6 consists only of the facing page, this explanatory note, Item 21 of Part II, Exhibits 5.1 and 5.2, and the signature pages to the Registration Statement.


PART II

INFORMATION NOT REQUIRED IN PROSPECTUS

Item 21. Exhibits and Financial Statement Schedules

(a) Exhibits

 

Exhibit

Number

  

Description

 2.1†    Business Combination Agreement, dated as of August  3, 2023, by and among Catcha, Pubco, Merger Sub, and Crown LNG Holding AS (incorporated by reference to Exhibit 4.1 to Company’s Form 20-F filed with the SEC on July 15, 2024).
 2.2*    Amendment No. 1 to Business Combination Agreement, dated as of October  2, 2023, by and among Catcha, Crown LNG Holding AS and Catcha Holdings LLC (incorporated by reference to Exhibit 4.2 to Company’s Form 20-F filed with the SEC on July 15, 2024).
 2.3*    Amendment No. 2 to Business Combination Agreement, dated as of January  31, 2024, by and among Catcha, Crown LNG Holding AS and Catcha Holdings LLC (incorporated by reference to Exhibit 4.3 to Company’s Form 20-F filed with the SEC on July 15, 2024).
 2.4*    Amendment No. 3 to Business Combination Agreement, dated as of February  16, 2024, by and among Catcha, Crown LNG Holding AS and Catcha Holdings LLC (incorporated by reference to Exhibit 2.1 to Catcha’s Form 8-K filed with the SEC on February 23, 2024).
 2.5*    Amendment No. 4 to Business Combination Agreement, dated as of May  21, 2024, by and among Catcha, Crown LNG Holding AS and Catcha Holdings LLC (incorporated by reference to Exhibit 2.1 to Catcha’s Form 8-K filed with the SEC on May 21, 2024).
 2.6*    Amendment No. 5 to Business Combination Agreement, dated as of June  11, 2024, by and among Catcha, Crown LNG Holding AS and Catcha Holdings LLC (incorporated by reference to Exhibit 2.1 to Catcha’s Form 8-K filed with the SEC on June 12, 2024).
 2.7*    Amendment No. 6 to Business Combination Agreement, dated as of June  28, 2024, by and among Catcha, Crown LNG Holding AS and Catcha Holdings LLC (incorporated by reference to Exhibit 2.1 to Catcha’s Form 8-K filed with the SEC on July 2, 2024).
 3.1*    Second Amended and Restated Memorandum and Articles of Association of Catcha (incorporated by reference to Exhibit 3.1 to Catcha’s Form 8-K filed with the SEC on February 23, 2024).
 3.2*    Third Amendment to the Amended and Restated Memorandum and Articles of Association of Catcha Investment Corp (incorporated by reference to Exhibit 3.1 to Catcha’s Form 8-K filed with the SEC on May 21, 2024).
 3.3*    Memorandum and Articles of Association of Crown LNG Holdings Limited (incorporated by reference to Exhibit 3.2 to the Company’s Registration Statement on Form F-4 (File No. 333-274832) filed with the SEC on October 2, 2023).
 4.1*    Specimen Unit Certificate (incorporated by reference to Exhibit 4.1 to Catcha’s Registration Statement on Form S-1/A filed on February 8, 2021).
 4.2*    Specimen Catcha Class  A Ordinary Share Certificate (incorporated by reference to Exhibit 4.2 to Catcha’s Registration Statement on Form S-1/A filed on February 8, 2021).
 4.3*    Specimen Warrant Certificate (incorporated by reference to Exhibit 4.3 to Catcha’s Registration Statement on Form S-1/A filed on February 8, 2021).

 

II-1


Exhibit

Number

  

Description

 4.4*    Warrant Agreement dated February 11, 2021 between Continental Stock Transfer  & Trust Company and Catcha Investment Corp (incorporated by reference to Exhibit 4.4 to the Company’s Registration Statement on Form F-4 (File No.  333-274832) filed with the SEC on October 2, 2023).
 4.5*    Warrant Assignment, Assumption and Amendment Agreement dated as of July  9, 2024, by and among Catcha, Pubco, and Continental Stock Transfer & Trust Company
 4.6*    Specimen Pubco Ordinary Shares Certificate (incorporated by reference to Exhibit 4.5 to the Company’s Registration Statement on Form F-4 (File No. 333-274832) filed with the SEC on October 2, 2023).
 4.7*    Specimen Pubco Warrant Certificate (incorporated by reference to Exhibit 4.6 to the Company’s Registration Statement on Form F-4 (File No. 333-274832) filed with the SEC on October 2, 2023).
 4.8*    Arena Purchase Agreement, dated as of October  22, 2024, by and between Arena Business Solutions Global SPC II, LTD and Crown LNG Holdings Limited.
 5.1    Opinion of Ogier (Jersey) LLP.
 5.2    Opinion of Nelson Mullins Riley & Scarborough LLP.
 8.1*    Tax Opinion of Nelson Mullins Riley  & Scarborough LLP (incorporated by reference to Exhibit 8.1 to the Company’s Registration Statement on Form F-4 (File No.  333-274832) filed with the SEC on December 6, 2023).
10.1*    Investment Management Trust Agreement dated as of February 11, 2021 between Continental Stock Transfer  & Trust Company and Catcha Investment Corp (incorporated by reference to Exhibit 10.2 to Catcha’s Current Report on Form 8-K filed on February 18, 2021).
10.2*    Amendment No. 1 to Investment Management Trust Agreement dated as of February 14, 2023, between Continental Stock Transfer  & Trust Company and Catcha Investment Corp (incorporated by reference to Exhibit 10.1 to Catcha’s Current Report on Form 8-K filed on February 17, 2023).
10.3*    Amendment No. 2 to Investment Management Trust Agreement dated as of February 16, 2023, between Continental Stock Transfer  & Trust Company and Catcha Investment Corp (incorporated by reference to Exhibit 10.1.1 to Catcha’s Form 8-K filed with the SEC on February 23, 2024).
10.4*    Amendment No. 3 to the Investment Management Trust Agreement, dated May  15, 2024, by and between Continental Stock Transfer & Trust Company and Catcha Investment Corp (incorporated by reference to Exhibit 10.1.1 to Catcha’s Form 8-K filed with the SEC on May  21, 2024).
10.5*    Registration and Shareholder Rights Agreement, dated as of February  22, 2021, by and among Catcha and Catcha Holdings LLC (incorporated by reference to Exhibit 4.4 to Company’s Form 20-F filed with the SEC on July 15, 2024).
10.6*    Letter Agreement, dated February  11, 2021, by and among Catcha, Catcha Holdings LLC, and each director and officer of Catcha (incorporated by reference to Exhibit 10.4 to Catcha’s Current Report on Form 8-K filed on February  18, 2021).
10.7*    Administrative Services Agreement dated February  11, 2021 between Catcha Investment Corp and Catcha Holdings LLC (incorporated by reference to Exhibit 10.5 to Catcha’s Current Report on Form 8-K filed on February 18, 2021).
10.8*    Securities Subscription Agreement, dated December  28, 2020 between Catcha and the Sponsor (incorporated by reference to Exhibit 10.7 to Catcha’s Registration Statement on Form S-1/A filed on February 8, 2021).

 

II-2


Exhibit

Number

  

Description

10.9*    Promissory Note, dated as of February  14, 2023 and issued by Catcha to the Sponsor (incorporated by reference to Exhibit 10.2 to Catcha’s Current Report on Form 8-K filed on February 17, 2023).
10.10*    Promissory Note, dated as of May  15, 2024, between Catcha Investment Corp and the Sponsor (incorporated by reference to Exhibit 10.2 to Catcha’s Current Report on Form 8-K filed on May 21, 2024).
10.11*    Form of Registration Rights Agreement, by and among Catcha Investment Corp, Crown LNG Holding AS, certain Crown LNG Holding AS shareholders, Crown LNG Holdings Limited, Catcha Holdings LLC, and certain officers and directors (incorporated by reference to Annex D to the Company’s Registration Statement on Form F-4 (File No. 333-274832) filed with the SEC on October 2, 2023).
10.12*    Exchange and Support Agreement, dated as of August  3, 2023, by and among Catcha, Crown LNG Holding AS, Pubco and Merger Sub (incorporated by reference to Annex E to the Company’s Registration Statement on Form F-4 (File No. 333-274832) filed with the SEC on October 2, 2023).
10.13*    Service Agreement dated February  26, 2019, by and between Crown LNG India Limited and LNG-9 Pte Ltd, as amended by Amendment Agreement on March  9, 2023 (incorporated by reference to Exhibit 10.10 to the Company’s Registration Statement on Form F-4 (File No. 333-274832) filed with the SEC on October  2, 2023).
10.14*    Sale and Purchase for Accounts Receivable, dated March  24, 2021, by and between Crown LNG India Limited and Crown LNG India AS (incorporated by reference to Exhibit 10.11 to the Company’s Registration Statement on Form F-4 (File No. 333-274832) filed with the SEC on October 2, 2023).
10.15*    Exclusivity Agreement dated June  3, 2020, by and between Crown LNG India Limited and East LNG Pte. Ltd. (incorporated by reference to Exhibit 10.12 to the Company’s Registration Statement on Form F-4 (File No. 333-274832) filed with the SEC on October 2, 2023).
10.16*    General Terms & Conditions for consultancy services provided by Black Kite AS to Crown LNG AS, dated July  7, 2020 (incorporated by reference to Exhibit 10.13 to the Company’s Registration Statement on Form F-4 (File No. 333-274832) filed with the SEC on October  2, 2023).
10.17*    General Terms & Conditions for Management Consultancy Services provided by Swapan Kataria to Crown LNG AS, dated January  10, 2022 (incorporated by reference to Exhibit 10.10 to the Company’s Registration Statement on Form F-4 (File No.  333-274832) filed with the SEC on October 2, 2023).
10.18*    Exclusivity Agreement dated August  27, 2020, by and between Crown Holdings AS and GBTRON Lands Limited (incorporated by reference to Exhibit 10.15 to the Company’s Registration Statement on Form F-4 (File No. 333-274832) filed with the SEC on October 2, 2023).
10.19*    Engagement of Services of GBTRON Limited by Crown LNG Holding AS, dated January  10, 2022 (incorporated by reference to Exhibit 10.16 to the Company’s Registration Statement on Form F-4 (File No.  333-274832) filed with the SEC on October 2, 2023).
10.20*    Management for Hire Agreement dated April  1, 2023, by and between Gantt Consulting AS and Crown LNG AS (incorporated by reference to Exhibit 10.17 to the Company’s Registration Statement on Form F-4 (File No.  333-274832) filed with the SEC on October 2, 2023).
10.21*    Agreement For (i) Future Payment Right and (ii)  option for the sale and purchase of shares in Krishna Godavari LNG Terminal Ltd., dated as of August  3, 2023, by and among East LNG Pte. Ltd, Crown LNG India AS, Crown LNG Holding AS and Crown LNG Holdings Limited (incorporated by reference to Exhibit 10.18 to the Company’s Registration Statement on Form F-4 (File No. 333-274832) filed with the SEC on October 2, 2023).

 

II-3


Exhibit

Number

  

Description

10.22*    Agreement for Option for Sale and Purchase of Shares in NewCo, dated as of August  3, 2023, by and among GBTRON Lands Limited, Crown LNG Holding AS and Crown LNG Holdings Limited. (incorporated by reference to Exhibit 10.19 to the Company’s Registration Statement on Form F-4 (File No. 333-274832) filed with the SEC on October 2, 2023).
10.23*    Agreement, dated April  1, 2022, among Emerging Asia Capital Partners Company Limited, Crown LNG India AS and Crown LNG Holding AS (incorporated by reference to Exhibit 10.20 to the Company’s Registration Statement on Form F-4 (File No. 333-274832) filed with the SEC on October 2, 2023).
10.24*    Amendment Agreement, dated July  19, 2023, among Emerging Asia Capital Partners Company Limited, Crown LNG India AS and Crown LNG Holding AS (incorporated by reference to Exhibit  10.21 to the Company’s Registration Statement on Form F-4 (File No. 333-274832) filed with the SEC on October 2, 2023).
10.25*    Share Purchase Agreement, dated February  25, 2021, by and between Crown LNG Holding AS and GBS Infra Pte Ltd (incorporated by reference to Exhibit 10.22 to the Company’s Registration Statement on Form F-4 (File No. 333-274832) filed with the SEC on October 2, 2023).
10.26*    Loan Agreement, dated May  16, 2023, by and between LNG-9 Pte Ltd and Crown LNG Holding AS (incorporated by reference to Exhibit 10.23 to the Company’s Registration Statement on Form F-4 (File No. 333-274832) filed with the SEC on October 2, 2023).
10.27*    Loan Settlement Agreement, dated September  9, 2022, among Crown LNG Holding AS, Crown LNG AS and Crown LNG India AS (incorporated by reference to Exhibit 10.24 to the Company’s Registration Statement on Form F-4 (File No. 333-274832) filed with the SEC on October 2, 2023).
10.28*    Form of Lock-Up Agreement, by and among Catcha Investment Corp, Crown LNG Holding AS, certain Crown LNG Holding AS shareholders, Crown LNG Holdings Limited, Catcha Holdings LLC, and certain officers and directors (incorporated by reference to Exhibit 4.5 to Company’s Form 20-F filed with the SEC on July 15, 2024).
10.29*    Form of Director and Officer Indemnification Agreement (incorporated by reference to Exhibit 4.6 to Company’s Form 20-F filed with the SEC on July 15, 2024).
10.30*    Form of April 2024 Note (incorporated by reference to Exhibit 4.7 to Company’s Form 20-F filed with the SEC on July 15, 2024).
10.31*    Form of PIPE Subscription Agreement (incorporated by reference to Exhibit 4.8 to Company’s Form 20-F filed with the SEC on July 15, 2024).
10.32*    Securities Lending Agreement, dated as of May  22, 2024, by and between Crown LNG Holdings Limited and Millennia Capital Partners Limited (incorporated by reference to Exhibit 4.9 to Company’s Form 20-F filed with the SEC on July 15, 2024).
10.33*    Securities Purchase Agreement, dated as of June  4, 2024, by and among Crown LNG Holdings Limited and each investor identified on the signature pages thereto (incorporated by reference to Exhibit 4.10 to Company’s Form 20-F filed with the SEC on July 15, 2024).
10.34*    Form of Convertible Vendor Note (incorporated by reference to Exhibit 4.11 to Company’s Form 20-F filed with the SEC on July 15, 2024).
23.1*    Consent of KPMG AS, independent registered public accounting firm.
23.2*    Consent of Marcum LLP, independent registered public accounting firm for Catcha.
23.3    Consent of Ogier (Jersey) LLP (included as part of Exhibit 5.1).

 

II-4


Exhibit

Number

  

Description

23.4    Consent of Nelson Mullins Riley & Scarborough LLP (included as part of Exhibit 5.2).
24.1*    Power of Attorney (included on signature page to the initial filing of the Registration Statement).
107*    Filing Fee Table.

 

*

Previously filed.

Schedules and exhibits to this Exhibit omitted pursuant to Regulation S-K Item 601(a)(5). The Registrant agrees to furnish supplementally a copy of any omitted schedule or exhibit to the SEC upon request.

 

II-5


SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, on the 5th day of March, 2025.

 

CROWN LNG HOLDINGS LIMITED

By:

 

/s/ Swapan Kataria

Name:

 

Swapan Kataria

Title:

 

Chief Executive Officer and Director

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed below by the following persons in the capacities and on the date indicated.

 

Signature

  

Title

 

Date

/s/ Swapan Kataria

Swapan Kataria

   Chief Executive Officer and Director (Principal Executive Officer)   March 5, 2025

*

Jørn Husemoen

   Chief Financial Officer and Executive Director (Principal Financial Officer and Principal Accounting Officer)   March 5, 2025

*

Gry Osnes

   Independent Director   March 5, 2025

*

Ellen Hanetho

   Independent Director   March 5, 2025

*

Andrew Judson

   Independent Director   March 5, 2025

 

*

The undersigned, by signing his name hereto, signs and executes this Amendment to the Registration Statement pursuant to the Powers of Attorney executed by the above-named persons and previously filed with the Securities and Exchange Commission on September 30, 2024.

 

By:   /s/ Swapan Kataria
Name:   Swapan Kataria
Title:   Attorney-in-Fact

 

II-6


AUTHORIZED REPRESENTATIVE

Pursuant to the requirement of the Securities Act of 1933, the undersigned, the duly authorized representative in the United States of Crown LNG Holdings Limited has signed this registration statement or amendment thereto in New York on March 5, 2025.

 

Cogency Global Inc.
Authorized U.S. Representative

By:

  /s/ Colleen A. De Vries

Name:

  Colleen A. De Vries

Title:

  Sr. Vice President on behalf of Cogency Global Inc.

Exhibit 5.1

 

LOGO

 

Crown LNG Holdings Limited

3rd Floor

44 Esplanade

Jersey

JE4 9WG

   D: +44 1534 514239
   E alexander.curry@ogier.com
   Reference: AAC/JKG/ 510742.000010
   5 March 2025

Crown LNG Holdings Limited (the Company) - Registration under the US Securities Act of 1933, as amended (the Securities Act)

 

1

Background

 

1.1

In connection with the Company’s Amendment No. 4 to the Registration Statement on Form F-1 (File No. 333-282396) (as amended, the Registration Statement), filed by the Company on February 18, 2025 with the United States Securities and Exchange Commission (the SEC) pursuant to the United States Securities Act of 1933, as amended (the Securities Act), you have asked us to furnish our opinion as to the legality of the securities being registered under the Registration Statement.

 

1.2

The Registration Statement relates to the registration by the Company under the Securities Act of:

up to an aggregate of 488,030,425 ordinary shares of no par value in the capital of the Company (including 7,346,632 ordinary shares of no par value issuable upon exercise of the Company warrants by holders thereof (as defined below) (the Shares).

 

1.3

In this opinion, “non-assessable” means, in relation to a Share, that the consideration for which the Company agreed to issue that Share has been or will be paid in full to the Company, so that no further sum is payable to the Company by any holder of that Share in respect of the purchase price of that Share.

 

Ogier (Jersey) LLP

44 Esplanade

St Helier

Jersey JE4 9WG

 

T +44 1534 514000

F +44 1534 514444

ogier.com

    

Partners

Raulin Amy

James Angus

James Campbell

Alexander Curry

Richard Daggett

Simon Dinning

Katrina Edge

Damian Evans

James Fox

  

Amy Garrod

Josephine Howe

Jonathan Hughes

Niamh Lalor

Kate McCaffrey

Edward Mackereth

Bruce MacNeil

Katharine Marshall

Matt McManus

  

Rebecca McNulty

Steven Meiklejohn

Oliver Passmore

Nathan Powell

Sophie Reguengo

Oliver Richardson

Bruce Scott

Henry Wickham

Nicholas Williams

Registered as a limited liability partnership in Jersey. Registered number 99.


2

Documents examined

 

2.1

For the purposes of giving this opinion, we have examined and relied upon such documents as we deem appropriate, including the following documents:

 

  (a)

the Registration Statement;

 

  (b)

the Company’s memorandum and articles of association in force as at the date hereof;

 

  (c)

the Company’s certificate of incorporation;

 

  (d)

a consent to issue shares dated 31 July 2023 issued to the Company by the Jersey Financial Services Commission (the JFSC) under the Control of Borrowing (Jersey) Order 1958, as amended (the COBO) (the Share COBO Consent); and.

 

  (e)

a consent to issue warrants dated 13 June 2024 issued to the Company by the JFSC under the COBO (together with the Share COBO Consent, the COBO Consents).

 

2.2

For the purposes of this opinion, we have, with the Company’s consent, relied upon certificates and other assurances of directors and other officers of the Company as to matters of fact, without having independently verified such factual matters.

 

3

Assumptions

In giving this opinion we have relied upon the assumptions set out below without having carried out any independent investigation or verification in respect of such assumptions:

 

  (a)

the authenticity, accuracy, completeness and conformity to original documents of all copy documents and certificates of officers of the Company examined by us;

 

  (b)

that the signatures on all documents examined by us are the genuine signatures of persons authorised to execute or certify such documents;

 

  (c)

that the Company has received or will receive in full the consideration for which the Company agreed to issue the Shares;

 

  (d)

that words and phrases used in the Registration Statement have the same meaning and effect as they would if the Registration Statement were governed by Jersey law;

 

  (e)

that no other event occurs after the date hereof which would affect the opinions herein stated;

 

  (f)

that there is no provision of the law or regulation of any jurisdiction other than Jersey which would have any adverse implication in relation to the opinion expressed hereunder;

 

  (g)

the Company’s entry into the transaction documents referred to in the Registration Statement relating to the Company’s issuance of the Shares (or assumption of the Company warrants) will be validly authorised and approved (and where necessary ratified) by the directors of the Company; and

 

  (h)

there has been no amendment to the COBO Consents.

 

2


4

Opinion

As a matter of Jersey law, and on the basis of and subject to the foregoing assumptions and the qualification below, we are of the following opinion:

 

  (a)

the Company has been duly incorporated and is validly existing under the laws of Jersey;

 

  (b)

the Shares to be issued by the Company as contemplated by the Registration Statement have been duly authorised for issue; and

 

  (c)

the Shares, when issued by the Company in accordance with the terms set out in the Registration Statement, will be validly issued, fully paid and non-assessable.

 

5

Qualification

This Opinion is subject to the following qualification, namely that the obligations of the Company under, or in respect of, the Shares will be subject to any law from time to time in force relating to bankruptcy, insolvency, liquidation, reorganisation or administration or any other law or legal procedure affecting generally the enforcement of creditors’ rights.

 

6

Governing Law, Limitations, Benefit and Disclosure

 

6.1

This Opinion shall be governed by and construed in accordance with the laws of Jersey and is limited to the matters expressly stated herein.

 

6.2

This Opinion is limited to matters of Jersey law and practice as at the date hereof and we have made no investigation and express no opinion with respect to the law or practice of any other jurisdiction.

 

6.3

We assume no obligation to advise you (or any other person who may rely on this Opinion in accordance with this paragraph), or undertake any investigations, as to any legal developments or factual matters arising after the date of the Opinion that might affect the opinions expressed herein.

 

6.4

We consent to the filing of a copy of this opinion as Exhibit 5.1 to the Registration Statement and to reference to us being made in the Registration Statement. In giving this consent, we do not admit that we are included in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations promulgated by the SEC under the Securities Act.

Yours faithfully

 

  /s/ Ogier (Jersey) LLP
  Ogier (Jersey) LLP

 

3

Exhibit 5.2

 

LOGO    

NELSON MULLINS RILEY & SCARBOROUGH LLP ATTORNEYS AND COUNSELORS AT LAW

 

101 Constitution Avenue, NW | Suite 900

Washington, DC 20001

T 202.712.2800 F 202.712.2860

nelsonmullins.com

March 5, 2025

CROWN LNG HOLDINGS LIMITED

37th Floor, 1 Canada Square Canary

Wharf, London

Greater London E14 5AA United Kingdom

Re: Registration Statement on Form F-1

We have acted as U.S. counsel to Crown LNG Holdings Limited, a company incorporated in Jersey, Channel Islands (the “Company”), in connection with the registration of the offer and resale from time to time, by the selling shareholders named in the prospectus (collectively, the “Selling Shareholders”) of up to an aggregate of 488,030,425 Ordinary Shares of the Company (including 7,346,632 ordinary shares of no par value upon exercise of Company warrants by holders thereof) (the “Ordinary Shares”). The Ordinary Shares are included in a registration statement on Amendment No. 4 to Form F-1 under the U.S. Securities Act of 1933, as amended (the “Act”), filed with the Securities and Exchange Commission (the “Commission”) on February 18, 2025 (the “Registration Statement”). This opinion is being furnished in connection with the requirements of Item 601(b)(5) of Regulation S-K under the Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement or related prospectus or prospectus supplement (collectively, the “Prospectus”), other than as expressly stated herein.

As such counsel, we have examined such matters of fact and questions of law as we have considered appropriate for purposes of this letter. In such examination and in rendering the opinions expressed below, we have assumed, without independent investigation or verification that the Company is a validly existing entity in the jurisdiction of its organization, in good standing in each applicable jurisdiction. With your consent, we have relied upon certificates and other assurances of officers of the Company and others as to factual matters without having independently verified such factual matters. We are opining herein as to the U.S. federal securities laws, and we express no opinion with respect to any other laws.

Subject to the foregoing and the other matters set forth herein, it is our opinion that, as of the date hereof:

The Ordinary Shares are the legally valid and binding obligations of the Company, enforceable against the Company in accordance with their terms.

Our opinion set forth above is subject to: (i) the effect of bankruptcy, insolvency, reorganization, preference, fraudulent transfer, moratorium or other similar laws relating to or affecting the rights and remedies of creditors; (ii) the effect of general principles of equity, whether considered in a proceeding in equity or at law (including the possible unavailability of specific performance or injunctive relief), concepts of materiality, reasonableness, good faith and fair dealing, and the discretion of the court before which a proceeding is brought; (iii) the invalidity under certain circumstances under law or court decisions of provisions providing for the indemnification of or contribution to a party with respect to a liability where such indemnification or contribution is contrary to public policy; and (iv) we express no opinion as to (a) any provision for liquidated damages, default interest, late charges, monetary penalties, make-whole premiums or other economic remedies to the extent such provisions are deemed to constitute a penalty,

(b) consents to, or restrictions upon, governing law, jurisdiction, venue, arbitration, remedies, or judicial relief, (c) waivers of rights or defenses, (d) any provision requiring the payment of attorneys’ fees, where such payment is


contrary to law or public policy, (e) the creation, validity, attachment, perfection, or priority of any lien or security interest, (f) advance waivers of claims, defenses, rights granted by law, or notice, opportunity for hearing, evidentiary requirements, statutes of limitation, trial by jury or at law, or other procedural rights, (g) waivers of broadly or vaguely stated rights, (h) provisions for exclusivity, election or cumulation of rights or remedies, (i) provisions authorizing or validating conclusive or discretionary determinations, (j) grants of setoff rights, (k) proxies, powers and trusts, (l) provisions prohibiting, restricting, or requiring consent to assignment or transfer of any right or property, and (m) the severability, if invalid, of provisions to the foregoing effect.

With your consent, we have assumed that the Ordinary Shares have been or will be duly authorized, executed and delivered by the parties thereto other than the Company, (b) that such securities constitute or will constitute legally valid and binding obligations of the parties thereto other than the Company, enforceable against each of them in accordance with their respective terms and (c) that the status of the Ordinary Shares as legally valid and binding obligations of the parties will not be affected by any (i) breaches of, or defaults under, agreements or instruments, (ii) violations of statutes, rules, regulations or court or governmental orders or (iii) failures to obtain required consents, approvals or authorizations from, or to make required registrations, declarations or filings with, governmental authorities.

We express no opinion as to any matter other than as set forth herein, and no opinion may be inferred or implied herefrom. We assume no obligation to advise you of any changes in the foregoing subsequent to the date of this opinion.

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the reference to this firm under the caption “Legal Matters” in the prospectus which forms a part of the Registration Statement. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission thereunder.

 

Very truly yours,
/s/ Nelson Mullins Riley & Scarborough LLP
NELSON MULLINS RILEY & SCARBOROUGH LLP

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