Globalink Investment extends deadline to June 9, 2023 with $390k deposit; 6.76M shares redeemed at $10.37

GLOBALINK INVESTMENT INC.

Stockholders approved charter and trust amendments, enabling up to five extensions (two 3-month, three 1-month) to Dec 9, 2023.
Company deposited $390k to extend deadline from Mar 9 to Jun 9, 2023; $0.0822 per unredeemed share.
Holders of 6,756,695 public shares redeemed at ~$10.37 each, total ~$70.05M.
After redemptions, trust account balance approx $49.18M before extension payment.
Remaining public shares outstanding: 4,743,305.

item 1.01 item 5.03 item 2.03 item 3.03 item 5.07 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

GLOBALINK INVESTMENT INC.: Stockholders approved an amendment to the Amended and Restated Certificate of Incorporation to change the structure and cost of the Company's right to extend the termination date for completing a business combination, allowing up to two three-month extensions followed by three one-month extensions, (effective 2023-03-06).

Change: charter amendment
Effective: 2023-03-06

Exact text from the filing

The stockholders of the Company approved the Amendment (the “ Charter Amendment ”) at the Special Meeting, changing the structure and cost of the Company’s right to extend the date (the “ Termination Date ”) by which the Company must (i) consummate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination involving the Company and one or more businesses (a “business combination”), (ii) cease its operations if it fails to complete such business combination, and (iii) redeem or repurchase 100% of the Company’s outstanding public shares of common stock included as part of the units sold in the Company’s initial public offering that closed on December 9, 2021 (the “ IPO ”) which is currently March 9, 2023 unless extended. The Charter Amendment allows the Company to extend the Termination Date by up to two (2) three-months extensions, followed by three (3) one-month extensions, to December 9, 2023 (each of which we refer to as an “ E

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

GLOBALINK INVESTMENT INC. shareholders approved Trust Amendment Proposal at the 2023-03-06 meeting.

Outcome: passed
Meeting: 2023-03-06

Exact text from the filing

Common Stock: Votes For Votes Against Abstentions Number of Shares Voted: 11,791,238 454,952 614

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

GLOBALINK INVESTMENT INC. shareholders approved Extension Amendment Proposal at the 2023-03-06 meeting.

Outcome: passed
Meeting: 2023-03-06

Exact text from the filing

Common Stock: Votes For Votes Against Abstentions Number of Shares Voted: 11,791,238 454,952 614

View on SEC.gov

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Source: SEC EDGAR

accession 0001493152-23-007240

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