secwatch.observer — SEC 8-K summary
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Issuer:     Global Blockchain Acquisition Corp. (—)
CIK:        0001894951
Form:       8-K
Filed at:   2024-11-15T23:59:59+00:00
Accession:  0001213900-24-099113
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 1.02, 5.01, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Global Blockchain terminates Fourcore merger; Fourcore takes 79.2% control via $44M note; shareholders extend deadline
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- Fourcore terminated the merger agreement on Nov 11, 2024; no new business combination announced.
- On Nov 13, Fourcore purchased 4,312,500 shares and 6,812,500 warrants from sponsor, obtaining 79.2% of common stock.
- Consideration: Fourcore issued promissory notes with aggregate face value of $44,000,000.
- Stockholders approved extending the business combination deadline from Nov 12, 2024 to up to Aug 12, 2025 via monthly extensions.
- 61,086 shares redeemed; 5,447,267 shares outstanding after the vote.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1894951/000121390024099113/0001213900-24-099113-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1894951/000121390024099113/ea0221014-8k_global.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-099113

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer