8-K
filed May 9, 2024, 7:59 PM ET
CIK 0001894951
other material
confidence high
sentiment negative
materiality 0.75
Global Blockchain Acquisition Corp.: Nasdaq/NYSE listing notice — Nasdaq warns GBBK for insufficient total holders; shareholders approve extension to Nov 2024
Global Blockchain Acquisition Corp.
- Nasdaq notified GBBK of non-compliance with Rule 5450(a)(2) requiring 400 total holders; compliance plan due June 21, 2024.
- Stockholders approved extension of business combination deadline to November 12, 2024, with monthly $25,000 deposit by sponsor.
- 1,683,527 shares redeemed in extension vote; 5,508,353 shares remain outstanding.
- All seven director nominees elected and WithumSmith+Brown ratified as auditor for FY2024.
- Company risks delisting and liquidation if unable to complete business combination by extended deadline.
Key facts
Extracted from this filing and checked against the source text.
Listing & Compliance Notices
SEC 8-K Item 3.01
confidence 0.98
Global Blockchain Acquisition Corp. received a nasdaq deficiency notice notice regarding shareholders (rules 5450(a)(2)).
- Exchange
- nasdaq
- Notice
- deficiency notice
- Deficiency
- shareholders
- Rules
- 5450(a)(2)
Exact text from the filing
May 7, 2024, Global Blockchain Acquisition Corporation (the “Company”) received a letter (the “Total Shareholders Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“ Nasdaq ”) notifying the Company that it is not in compliance with Nasdaq Listing Rule 5450(a)(2), which requires the Company to maintain at least 400 total holders for continued listing on the Nasdaq Global Market. The Total Shareholders Notice stated that the Company has until June 21, 2024 to provide Nasdaq with a plan to regain compliance. If the plan is accepted, Nasdaq may grant an extension of u
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.95
Global Blockchain Acquisition Corp.: Stockholders approved an amendment to the company’s amended and restated certificate of incorporation to extend the deadline for the company to consummate a business combination from May 12, 2024, monthly for up to six additional months at the company’s election and upon monthly contribution of $25, (effective 2024-03-07).
- Change
- charter amendment
- Effective
- 2024-03-07
Exact text from the filing
Proposal 3: A proposal to amend the Company’s amended and restated certificate of incorporation, which we refer to as the “charter”, to extend the date by which the Company must consummate a business combination or, if it fails to do so, cease its operations and redeem or repurchase 100% of the shares of the Company’s common stock issued in the Company’s initial public offering, from May 12, 2024, monthly for up to six additional months at the election of the Company and only upon the monthly contribution of the lesser of (A) $25,000 or (B) $0.05 per outstanding public share, ultimately until as late as November 12, 2024.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Global Blockchain Acquisition Corp. shareholders approved Approve amendment to the Investment Management Trust Agreement to authorize the extension and its implementation at the 2024-03-07 meeting.
- Outcome
- passed
- Meeting
- 2024-03-07
Exact text from the filing
A proposal to approve the amendment to the Investment Management Trust Agreement, dated May 9, 2022
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Global Blockchain Acquisition Corp. shareholders approved Ratify the appointment of WithumSmith+Brown, PC as the Company’s independent registered public accounting firm for fiscal year 2024 at the 2024-03-07 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-03-07
Exact text from the filing
To ratify the appointment of WithumSmith+Brown, PC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024. For Against Abstentions 6,368,520 0 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Global Blockchain Acquisition Corp. shareholders approved Election of seven director nominees to the Board of Directors for a one-year term ending at the 2025 Annual Meeting at the 2024-03-07 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-03-07
Exact text from the filing
Election of Directors For Against Abstentions DAVID METCALF 6,368,520 0 0 MAX HOOPER 6,368,520 0 0 ALLEN WEISS 6,368,520 0 0 DAVID RUTTENBERG 6,368,520 0 0 KATYA FISHER 6,368,520 0 0 CHRIS ENSEY 6,368,520 0 0 PAUL C. JEFFRIES 6,368,520 0 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Global Blockchain Acquisition Corp. shareholders approved Amend charter to extend the date by which the Company must consummate a business combination from May 12, 2024, monthly for up to six additional months, ultimately until November 12, 2024 at the 2024-03-07 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2024-03-07
Exact text from the filing
A proposal to amend the Company’s amended and restated certificate of incorporation
View on SEC.gov
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